The Influence of Board Gender Diversity on Firm Value: Empirical Insights from Listed Companies in China

This research aims to explore how the diversity of gender representation in board makeup influences the assessment of enterprises, utilizing a dataset consisting of 9,445 observations sourced from the Shanghai and Shenzhen stock exchanges in China.The investigation employs the ordinary least squares (OLS) technique for analysis.Results suggest that the diversity in gender composition on the board has a positive and statistically substantial effect on the valuation of the company, as evaluated by Tobin's Q and ROA metrics.Furthermore, the outcomes remain consistent when replacing the parameter of gender in the board.Given the contradictory outcomes from literatures concerning the varied of gender on the valuation of the company, this research expands the existing literature within the Chinese context.At the same time, this study focuses on the significance of women in contributing to corporate success, with implications for government departments and policymakers.