[Home ] [Archive]   [ فارسی ]  
:: Main :: About :: Current Issue :: Archive :: Search :: Submit :: Contact ::
Main Menu
Journal Information::
Editorial Board ::
Articles archive::
Publication Ethics::
For Authors::
Peer Review Process::
Site Facilities::
Contact us::
Search in website

Advanced Search
Receive site information
Enter your Email in the following box to receive the site news and information.
:: ::
Back to the articles list Back to browse issues page
Relationship Between National Culture and women’s membership In the Firms’ Board of Directors: An International Study
Behnaz Gholamy1 , Bahman Banimahd 2
1- Ph.D Student, Accounting Department, Science and Research Branch, Islamic Azad University, Tehran , Iran gholamy.behnaz@gmail.com
2- Professor, Accounting Department, Karaj Branch, Islamic Azad University, Karaj , Iran (corresponding Author ) , dr.banimahd@gmail.com
Abstract:   (203 Views)
The purpose of this paper is to investigate the relationship between Hofstede's six cultural dimensions and women's membership on the board of directors of listed firms in 50 countries. The research method for collecting theoretical foundations and research data is the library method. The research method is quantitative in terms of approach and applied in terms of objective and descriptive-correlation type and data analysis was done using logistic regression. The research data for Hofstede's cultural dimensions are extracted from Hofstede's website and the data related to the membership of women on the board of directors of companies are extracted from the published report of Deloitte Audit firm (2021). The research hypotheses were tested based on the correlation method and using binary logistic regression. The findings of the research show that the cultural dimensions of individualism and long-term vision have a significant and positive relationship with the possibility of women's membership in the board of directors of companies, and the cultural component of uncertainty avoidance has a significant and negative relationship with the possibility of women membership in the board. Also, the evidence of this paper confirms that the cultural dimensions of indulgence, power distance and masculinity do not have a significant relationship with the possibility of women's participation in the company's board of directors. This paper emphasizes that the issue of women's participation in the management of companies depends on the factors and cultural values of the countries.
Keywords: National Culture, Women, Board of Directors, International Study
Full-Text [PDF 988 kb]   (2 Downloads)    
Type of Study: Research | Subject: Special
Received: 2024/02/5 | Accepted: 2024/05/25
1. Brooks, I.1996. Leadership of a cultural change process. Leadership & Organization Development Journal, 17(5), 31-37.
2. Carcello, J.V., Hollingsworth, C.W., Klein, A. and Neal, T.L., 2006. Audit committee financial expertise, competing corporate governance mechanisms, and earnings management. Competing Corporate Governance Mechanisms, and Earnings Management. Available at: papers.ssrn.com
3. Carrasco, A., C. Francoeur, R. Labelle .2015. Appointing Women to Boards: Is There a Cultural Bias?. Journal of Business Ethics 129: 429–444.
4. Davis, L.S., B. Williamson.2019. Does individualism promote gender equality? World Development, 123: 1-16
5. Deloitt .2021. Women in the boardroom: A global perspective, Available at : www.deloitte.com/global/en/services/risk-advisory/research/women-in-the-boardroom-seventh-edition.html
6. Dicke, A.L., N.Safavian., J.Eccles. 2019. Traditional gender role beliefs and career attainment in STEM: A gendered story? Frontiers in Psychology,10:1-14
7. Evan, T. and Holý, V., 2023. Cultural diversity and its impact on governance. Socio-Economic Planning Sciences, 89,101681.
8. Gaweł, A., K.Mroczek-Dąbrowska,. M. Bartosik-Purgat. 2023. Female empowerment and masculinity – a cultural trait? Evidence from the CEE countries, Gender in Management, 3:25-43
9. Guo, L.. Z.Su., Z., Xiao., H.Fung. 2024. Alcohol culture and corporate risk-taking, Research in International Business and Finance, 67, Part B, available at: doi.org/10.1016/j.ribaf.2023.102127
10. Hasan, I., Jackowicz, K., Kowalewski, O. and Kozłowski, Ł., 2023. Cultural values of parent bank board members and lending by foreign subsidiaries: The moderating role of personal traits. Journal of International Financial Markets, Institutions and Money, 83, p.101736.
11. Hernik., J. V. Antonio Minguez.2020. Gender equality in parliaments – where do we stand in Europe? Considerations from the economic development and society’s masculinity index point of view”, Econviews – Review of Contemporary Business, Entrepreneurship and Economic , 33(1) , 83-99.
12. Hofstede, G., 2011. Dimensionalizing cultures: The Hofstede model in context. Online readings in psychology and culture, 2(1):8.
13. Humphries, S., C. Whelan, 2017.National culture and corporate governance codes, Corporate Governance, 17 (1):152-163.
14. Lin, H.-E., A.Yu, J. Choi,. C.W.Tsao.,J., Stambaugh, J. D.L.Taylor,.2024. CEO gender and social versus economic value creation of social enterprises: an attention-based view , Gender in Management, 39 (1): 87-106.
15. Munir Sidani, Y. 2023. Gaps in female labor participation and pay equity: the impact of cultural variables, Gender in Management, 28 (7): 424-440.
16. Rezaei Pitenoei, Y., Kh. Mohseni. 2018. The Relationship between Board Gender Diversity and Internal Control Weaknesses. Woman in Development & Politics, 16(3): 439-456.
17. Terzi,H., F., Ozdemir, T. Ozkan. 2022. The Relationship between Gender Gap in Employment and Hofstede’s Culture Dimensions depending on Country Scores , Studies in Psychology ,42(2): 474-507
18. Toh, S.M., G.J. Leonardelli. 2012. Cultural constraints on the emergence of women as leaders, Journal of World Business, 47(4):604-611
19. Wang, Y.-H. 2020. Does board gender diversity bring better financial and governance performance? An empirical investigation of cases in Taiwan.Sustainability,12(8):3205-3224
20. Yilmaz, M. K. U., Hacioglu. E., Tatoglu., M. Aksoy,. S., Duran. 2023. Measuring the impact of board gender and cultural diversity on corporate governance and social performance: evidence from emerging markets, Economic Research-Ekonomska Istraživanja, 36(2):1-15
21. Zeghal, D. Z., Lahmar. 2018. The effect of culture on accounting conservatism during adoption of IFRS in the EU, International Journal of Accounting & Information Management, 26 (2) : 311-330.
Add your comments about this article
Your username or Email:


XML   Persian Abstract   Print

Rights and permissions
Creative Commons License This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.
Back to the articles list Back to browse issues page
دوفصلنامه علمی حسابداری ارزشی و رفتاری journal of Value & Behavioral  Accounting
Persian site map - English site map - Created in 0.09 seconds with 37 queries by YEKTAWEB 4655