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| Effects of Female Board Members on Corporate Performance:Evidence from 973 Listed Companies in China |
| ZHANG Na |
| China Center for Industrial Security Research, School of Economics Management at Beijing Jiaotong University, Beijing 100044, China |
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Abstract In recent years, diversity in members of the boards of directors has been a focus in the studies of corporate governance. This paper undertakes an empirical study of the effects of female members of the boards of directors on corporate performance based on a survey of 973 listed companies in Shanghai and Shenzhen in 2009. The results reveal that the presence of female directors has a remarkable positive effect on corporate performance, so has the human capital. The higher levels of education the female board directors has, the higher the corporate performance. Female board members' access to social capital, however, has no remarkable positive effect on corporate performance. The presence of female chairman has no remarkable positive influence on the effects of female board members on corporate performance.
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2013, Vol. 0 
