Top Executives Officer Gender Diversity and Working Capital Efficiency
With only 7.55% of women holding top executive positions in Malaysia, concerns over tokenism and its impact on financial performance are growing. In the post-COVID economic recovery, where effective working capital management is crucial, this gender diversity may limit companies' ability...
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| Format: | Thesis |
| Language: | English English |
| Published: |
2024
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| Subjects: | |
| Online Access: | http://ir.unimas.my/id/eprint/46522/6/Nurhidayah%20ft.pdf http://ir.unimas.my/id/eprint/46522/7/Nurhidayah%2024%20pgs.pdf |
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| Summary: | With only 7.55% of women holding top executive positions in Malaysia, concerns over
tokenism and its impact on financial performance are growing. In the post-COVID economic
recovery, where effective working capital management is crucial, this gender diversity may
limit companies' ability to optimise financial strategies and operational efficiencies. The lack
of diversity at the executive level restricts innovative decision-making and hinders talent
utilisation, potentially undermining organisational resilience. This study investigates the
influence of gender diversity among top executives on working capital management
performance in firms listed in Malaysia from 2001 to 2021. The methodology includes
purposive sampling, Logit Binary Regression, and Bhattacharya's (1996) Working Capital
Efficiency Index. Findings reveal that female top executives excel in overall Working
Capital Efficiency (WCE), while male top executives perform better in Working Capital
Utilisation (WCU). Females focus on sustainable strategies, while males are more aggressive
in utilising current assets for short-term revenue. The study recommends that female
participation improves risk management, innovation, and corporate governance. However,
limitations include the focus on Bursa Malaysia. Future studies could explore industry
specific analyses. Stakeholders should recognise that diversity in executive teams is crucial
for effective working capital management. |
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