Effect of Female board member on firm Performance: Evidence from Pakistan

Abstract

This study examines the impact of women on boards as corporate governance on corporate performance, with a focus on evidence from Pakistan. The study used a sample of 100 non-financial corporations listed on the Pakistan Stock Exchange, selected using a dedicated sampling methodology and covering the period from 2010 to 2019. The results of the survey shown that women board members have a significant impact on the company's performance, indicating that women have effective management skills in asset management and related activities. The literature unanimously supports the idea that the presence of women on boards of directors has a significant impact on company performance. The importance of this study lies in the fact that it explores the different dimensions of women on boards of directors as aspects of corporate governance, providing valuable insights into the decision-making process of investors. In particular, the study contributed to the literature by addressing gaps associated with emerging economies, particularly in Pakistan, as most existing research focuses on developing countries.