Özet:

In this study, relationship between board gender diversity and financial performance was studied on firms listed at Borsa Istanbul (BIST) 100 Index for the years 2009-2012. In this study, firms were divided into two groups as; firms with female directors and firms without female directors and difference between two groups in terms of accounting and market based financial performance was investigated. Multi-regression and t-test methods were used in empirical analysis. After the analysis, it was found that gender diversity has a positive effect on return on assets. However, it was also found that gender diversity has no effect on Return on Equity and Tobin’s Q. This study is one of the first studies on board gender diversity’s effect on financial performance in Turkey

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