The programming committee for the 78th Annual SAM International Business Conference is pleased to announce the acceptance of the presentation Female Directors in the Boardroom and Intellectual Capital Performance: Does the “Critical Mass” Matter? by Hafiz Mustansar Javaid of Sapienza University of Rome.
Presentation Abstract: This research aims to investigate the influence of female directors on intellectual capital performance using a sample of over 1200 manufacturing listed companies in China, the world’s second-largest economy. In particular, the relationship between two or more female directors and the modified value-added intellectual coefficient (MVAIC) methodology has been investigated over the period 2004-2017 based on critical mass theory and using panel data regression analysis. We find that having a critical mass of female directors (three or more) shows a significant positive impact on MVAIC, human capital efficiency, structural capital efficiency, relational capital efficiency, and physical capital efficiency; with physical capital being the critical driver. We also find that female directors’ critical mass participation has a more significant impact on privately-owned firms’ IC efficiency than state-owned firms. The IC performance of manufacturing companies in the various regions is also affected by the number of female directors. All our findings support the validity of group classification identified by Kanter (1977) and critical mass theory. To the best of our knowledge, this is one of the few research that looks into the link between female board directors and IC performance and the first to look into the influence of female directors’ critical mass in Chinese manufacturing firms using MVAIC as an IC measure.
Join us online to see this great paper and many more March 13 – March 18, 2023. For registration information visit www.samnational.org/conference.