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- Title
Female directors in the boardroom and intellectual capital performance: Does the "critical mass" matter?
- Authors
Javaid, Hafiz Mustansar; Ain, Qurat Ul; D'Ecclesia, Rita
- Abstract
This research aims to investigate the influence of female directors on Intellectual Capital Performance (ICP) using a sample of manufacturing-listed companies in China. Our study investigates the link between having two or more female directors and the Modified Value-Added Intellectual Coefficient (MVAIC) methodology, employing the critical mass theory from 2004–2017. We find that having a critical mass of female directors (three or more) shows a significant positive impact on MVAIC and its components, including human capital efficiency, structural capital efficiency, relational capital efficiency, and physical capital efficiency, with physical capital being the critical driver. Our study reveals that the critical mass participation of female directors substantially influences the IC efficiency of privately owned companies compared to state-owned companies. Moreover, the number of female directors also affects the IC performance of manufacturing companies in multiple regions. Our findings support the validity of group classification identified by Kanter and Critical Mass Theory. To the best of our knowledge, this is one of the few pieces of research that studies the role of female board directors in IC performance and Chinese manufacturing firms using MVAIC as an IC measure.
- Subjects
CHINA; INTELLECTUAL capital; WOMEN executives; WOMEN'S roles; GOVERNMENT business enterprises; HUMAN capital; FEMALES
- Publication
Financial Innovation, 2023, Vol 9, Issue 1, p1
- ISSN
2199-4730
- Publication type
Article
- DOI
10.1186/s40854-023-00476-4