Gender Diversity and Human Capital Efficiency in Australian Institutions : The Moderating Role of Workforce Environment Quality

Journal article

Miglani, Seema and Obeng, Victoria. (2023). Gender Diversity and Human Capital Efficiency in Australian Institutions : The Moderating Role of Workforce Environment Quality. Journal of Risk and Financial Management. 16(7), pp. 1-26. https://doi.org/10.3390/jrfm16070343
AuthorsMiglani, Seema and Obeng, Victoria
Abstract

We examine the relationship between board gender diversity and human capital efficiency and further consider the moderating role of workforce environment quality from the perspectives of profit-making and loss-making firms. Using a sample of 2700 firm-year observations from listed Australian firms for the period 2008–2019, we found a positive relationship between the presence of females on boards and human capital efficiency which was more pronounced for loss-making firms as against profit-making firms. Additionally, the relationship between gender diversity and human capital efficiency was moderated by the quality of workforce environment with the moderating effect being more pronounced for loss-making firms as compared to profit-making firms. Board gender diversity plays a substitutive role in the management of human capital efficiency for loss-making firms where investment in human capital development is limited.

Keywordshuman capital; gender diversity; workforce environment; corporate governance
Year01 Jan 2023
JournalJournal of Risk and Financial Management
Journal of Risk and Financial Management
Journal citation16 (7), pp. 1-26
PublisherMDPI AG
ISSN1911-8074
Digital Object Identifier (DOI)https://doi.org/10.3390/jrfm16070343
Web address (URL)https://www.mdpi.com/1911-8074/16/7/343
Open accessPublished as ‘gold’ (paid) open access
Research or scholarlyResearch
Page range1-26
Publisher's version
License
File Access Level
Open
Output statusPublished
Publication dates
Online22 Jul 2023
Publication process dates
Accepted18 Jul 2023
Deposited21 Jan 2025
Additional information

© 2023 by the authors. Licensee MDPI, Basel, Switzerland.

This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license (https://creativecommons.org/licenses/by/
4.0/).

Place of publicationSwitzerland
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