Female directors of Chinese A-share listed comoanies and their effect on company performance

Abstract

This article examines whether and how female board participation affects the performance of Chinese A-share listed companies. The study selects 17075 A-share listed companies from 2010 to 2016 as the sample and empirically tests the impact of female directors on the performance of A-share companies with the orthogonal least squares (OLS). In this study, I adopt return to assets as the dependent variable and the proportion of female directors as an independent variable. I also add a dummy variable and other control variables. The results show that female directors have a positive effect on the performance of A-share companies. Besides, there are female directors with shares in most companies.