The Relationship of the Existence of Women Directors and Gender Equality on Company Value

Company value is influenced by internal and external factors that influence a company's value.Apart from internal factors, external factors of company value also have an equally important role, for example, the decisions of the board of directors.The board structure consisting of directors and a board of commissioners has an influence on company performance.The role of women today is no longer underestimated.Many large companies have entrusted their companies to be led by women.This research aims to determine the relationship between the presence of female directors and gender equality in company values.All firms listed between 2004 and 2022 on the Indonesia Stock Exchange were considered in this study.Profitability and company size are used as control variables in this study.This research used a saturated sample with a total of 6,171 observations.The data analysis technique used in this research is multiple linear regression analysis with data processed with Stata.Results of this research indicate that the presence of female directors and gender equality have no relationship to company value.This research provides theoretical implications related to the feminist theory that women also have equal opportunities with men in all fields.