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The Impact of Female Directors on Firm Performance and Financial Reporting Practices: Empirical Evidence from Listed Insurance Companies in Bangladesh Shohana Islam Sumona, Shahima Jabin & MD Shuvo Howlader

The Impact of Female Directors on Firm Performance and Financial Reporting Practices: Empirical Evidence from Listed Insurance Companies in Bangladesh

Author (s)

Shohana Islam Sumona, Shahima Jabin & MD Shuvo Howlader

Abstract

In Bangladesh, the number of women on board is very low. The purpose of this study is to analyze and examine whether female director representation has any impact on firm performance and firm’s financial reporting practices where reporting practices involve reporting IFRS-4 requirements practices for insurance contract. A simple linear regression model is conducted to examine the two research questions of this study. This study analyzes secondary data from annual reports of all the listed insurance companies in Bangladesh during the period 2017 from Dhaka Stock Exchange. There are two research questions: (1) whether female directors have any impact on firm performance, (2) whether female directors have any impact on firm’s reporting practices.  For the first research question the regression result indicates that there is little evidence that female directors have a positive relation on firm performance as the estimation lack significance. And for the second research question the regression result shows that there is negative relation between female director representation and firm’s reporting practices but again the estimation lacks significance. For lack of proper recruitment process for female directors and deficiency of awareness about disclosure reporting, this research fails to exhibit significant results.

Keywords: Female director representation, firm performance, firm reporting practices, IFRS-4, Insurance Companies.

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Title: The Impact of Female Directors on Firm Performance and Financial Reporting Practices: Empirical Evidence from Listed Insurance Companies in Bangladesh
Author:

Shohana Islam Sumona, Shahima Jabin & MD Shuvo Howlader

Journal Name: International Journal of Science and Business
Website: ijsab.com
ISSN: ISSN 2520-4750 (Online), ISSN 2521-3040 (Print)
DOI: https://doi.org/10.5281/zenodo.3902643
Media: Online
Volume: 4
Issue: 6
Acceptance Date: 19/06/2020
Date of Publication: 21/06/2020
PDF URL: https://ijsab.com/wp-content/uploads/561.pdf
Free download: Available
Page: 140-149
First Page: 140
Last Page: 149
Paper Type: Research Paper
Current Status: Published

Cite This Article:

Shohana Islam Sumona, Shahima Jabin & MD Shuvo Howlader (2020). The Impact of Female Directors on Firm Performance and Financial Reporting Practices: Empirical Evidence from Listed Insurance Companies in Bangladesh. International Journal of Science and Business, 4(6), 140-149. doi: https://doi.org/ 10.5281/zenodo.3902643

Retrieved from https://ijsab.com/wp-content/uploads/561.pdf

 

About Author (s)

Shohana Islam Sumona (Corresponding Author), post graduate student, Department of Accounting & information Systems, University of Dhaka, Dhaka-1000, Bangladesh.

Shahima Jabin, post graduate student, Department of Accounting & information Systems, University of Dhaka, Dhaka-1000, Bangladesh.

MD Shuvo Howlader, post graduate student, Department of Accounting & information Systems, University of Dhaka, Dhaka-1000, Bangladesh.

 

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DOI: https://doi.org/10.5281/zenodo.3902643