Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/335855 
Year of Publication: 
2024
Citation: 
[Journal:] Economic Themes [ISSN:] 2217-3668 [Volume:] 62 [Issue:] 4 [Year:] 2024 [Pages:] 561-585
Publisher: 
Paradigm Publishing Services, Warsaw
Abstract: 
The contribution of board diversification to corporate financial performance has piqued the interest of numerous researchers and regulators in recent decades. In this context, this paper aims to establish whether there is a connection between the board of directors attributes and the financial performance of the company. Using the Independent Samples T-test, we tested the relationship between board attributes, such as the representation of women, average age and size of the board, on the one hand, and financial performance expressed through ROA and ROS, on the other hand, on a sample of 97 joint-stock companies operating in the Republic of Serbia. The results we reached are, first, companies with a larger board do not have better financial performance compared to companies with a smaller board. Second, companies with an older board achieve better financial performance compared to companies with a younger board. And third, companies with one or more women on the board do not perform better financially than companies without women on the board.
Subjects: 
Corporate governance
Board diversity
Financial performance
JEL: 
G32
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by-nc-nd Logo
Document Type: 
Article

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