Women’s Power in Boosting Corporate Sustainability of Performance and Investment Through Good Corporate Governance

Purposes: This study explores the positive role of women’s participation in good corporate management arrangements in Indonesia, significantly enhancing corporate performance and support long-term investment decisions in companies. Design / Methodology / Approach: This research uses quantitative methods, with secondary data from the Indonesia Stock Exchange, using multiple linear regression models with previous studies drawn from Q1 and Q2 journals. Findings: The involvement of women as corporate secretaries, as members of boards of directors and boards of commissioners, serving on audit committees and at general meetings of shareholders simultaneously positively and significantly improves corporate performance and investment decisions. Women serving as corporate secretaries and at general meetings of shareholders have a positive and significant influence on corporate performance. Women serving on audit committees have a positive but insignificant influence on corporate performance. Women serving on boards of directors have a positive and significant effect on EPS, and their presence on boards of commissioners has a positive and significant effect on ROA. Women serving on boards of directors and at general meetings of shareholders have a positive and significant effect on investment decisions. In contrast, women as corporate secretaries, members of boards of commissioners and audit committees have a positive but insignificant influence. Research Limitations/Implications: This research was conducted when the Covid-19 pandemic was beginning in Indonesia. Thus the data collection took place over a long period as Work From Home restrictions were implemented. Practical Implications: If companies have confidence and trust in women, women will be capable of contributing optimally to adding value to the company. Social Implications: This study champions the dignity, recognition, respect for, and high intellectual achievements of women in Indonesia, especially at the professional level. Originality / Value: This study considered how women contributing positively affects corporate performance and company investment decisions. The findings of many previous studies have been inconsistent concerning women's positive contributions to corporate performance and have yet to argue that the contributions are positive.