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Sustainability of Financial Performance in Relation to Gender Diverse Boards: A Comparative Analysis of French and Romanian Listed Companies on Stock Exchanges

1
Ecole de Management de Normandie, 76600 Le Havre, France
2
Faculty of Business, Universitatea Babeș-Bolyai, 400084 Cluj-Napoca, Romania
3
Faculty of European Studies, Universitatea Babeș-Bolyai, 400084 Cluj-Napoca, Romania
*
Author to whom correspondence should be addressed.
Academic Editor: Ladislav Mura
Sustainability 2021, 13(18), 10282; https://doi.org/10.3390/su131810282
Received: 30 June 2021 / Revised: 13 August 2021 / Accepted: 17 August 2021 / Published: 15 September 2021
(This article belongs to the Special Issue Entrepreneurship and Business Sustainability)
While the moral argument for gender diversity has already been made and is incontestable, and more and more economical arguments have been brought to support the business case for the presence of women on the boards of directors of publicly listed companies, the bottom-line issue of what kind of impact gender diverse boards have on firm financial performance is still unclear. The aim of this paper is to deliver a comparative analysis of the impact of gender diverse boards on firm financial performance in France and Romania. Our results do not to provide any evidence of a link between boards’ gender diversity and companies’ financial performance, but while the analysis has failed to find a positive link between female presence and firm financial performance, it has not outlined a negative one. View Full-Text
Keywords: diversity; corporate governance; financial performance; profitability; comparative analysis diversity; corporate governance; financial performance; profitability; comparative analysis
MDPI and ACS Style

Suciu, A.A.; Păun, D.; Duma, F.S. Sustainability of Financial Performance in Relation to Gender Diverse Boards: A Comparative Analysis of French and Romanian Listed Companies on Stock Exchanges. Sustainability 2021, 13, 10282. https://doi.org/10.3390/su131810282

AMA Style

Suciu AA, Păun D, Duma FS. Sustainability of Financial Performance in Relation to Gender Diverse Boards: A Comparative Analysis of French and Romanian Listed Companies on Stock Exchanges. Sustainability. 2021; 13(18):10282. https://doi.org/10.3390/su131810282

Chicago/Turabian Style

Suciu, Anda A., Dragoș Păun, and Florin S. Duma 2021. "Sustainability of Financial Performance in Relation to Gender Diverse Boards: A Comparative Analysis of French and Romanian Listed Companies on Stock Exchanges" Sustainability 13, no. 18: 10282. https://doi.org/10.3390/su131810282

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