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This paper examines the heterogeneous links between board gender diversity and corporate social performance in different industries across China. OLS regression models are approximated using the data of Chinese industries from 2009 to 2015. Robustness test and two-stage least square (2SLS) methods are incorporated to cater for robustness and endogeneity. Board gender diversity (BGD) stimulates corporate social performance (CSP) of firms with environmental and social risk exposure regardless of critical mass and directors’ independence. It does so for firms with governance risk exposure while incorporating the critical mass effect and the director’s independence. Overall, the positive effect of BGD is prevalent in different industries at an aggregate level while considering firms with an overall ESG risk exposure. The findings imply that BGD can mitigate the ESG risk exposure in terms of enhancing the CSP and the advantage can be transpired with the inclusion of even one female director (independent or executive) to the board. The study also highlights that BGD enhances CSP in industries with more environmental and social risk exposure while doing so in industries with governance risk exposure after complementation by critical mass and independent director effects.
Khwaja Naveed; Cosmina Voinea; Zahid Ali; Fawad Rauf; Cosmin Fratostiteanu. Board Gender Diversity and Corporate Social Performance in Different Industry Groups: Evidence from China. Sustainability 2021, 13, 3142 .
AMA StyleKhwaja Naveed, Cosmina Voinea, Zahid Ali, Fawad Rauf, Cosmin Fratostiteanu. Board Gender Diversity and Corporate Social Performance in Different Industry Groups: Evidence from China. Sustainability. 2021; 13 (6):3142.
Chicago/Turabian StyleKhwaja Naveed; Cosmina Voinea; Zahid Ali; Fawad Rauf; Cosmin Fratostiteanu. 2021. "Board Gender Diversity and Corporate Social Performance in Different Industry Groups: Evidence from China." Sustainability 13, no. 6: 3142.
Purpose: Since 1990s, the discussion on whether mutual funds can perform better and persistently as compare to market has become an ongoing issue. Current research investigates the performance persistence of equity mutual funds’, particularly in the financial market of Bangladesh.Theoretical Framework: Different researchers have strived to examine the performance of mutual funds by using numerous performance indicators and risk adjustment techniques.Design/Methodology/Approach: The equity mutual funds data for this study are obtained from DSE (Dhaka Stock Exchange) database. The sample set includes all open-end mutual funds from 2010 to 2015. There is no mutual fund that has ceased trade or merged with other mutual funds during the study period.Originality/Value: Broad literature have been directed on the performance and persistence of mutual funds in the American markets, while some of the studies also centered on Australia, China, Hong Kong and U.K. financial markets. However, in the context of Bangladesh’s financial market, no identical research has been carried on the performance persistence of mutual funds.Findings: The results reveal that the managers of equity mutual funds have selective ability to obtain higher returns in Bangladesh. Moreover, the past performance of mutual funds has an impact on their future performance. The size of mutual funds doesn’t have any impact on their performance. The parametric and non-parametric models demonstrate that as compare to long run, equity mutual funds in Bangladesh could perform persistently in the short-run.
Mohammad Abir Shahid Chowdhury; Zahid Ali; Muhammad Usman; Asad Ullah. Performance persistence of mutual funds: evidence from Bangladesh. Independent Journal of Management & Production 2020, 11, 1739 -1759.
AMA StyleMohammad Abir Shahid Chowdhury, Zahid Ali, Muhammad Usman, Asad Ullah. Performance persistence of mutual funds: evidence from Bangladesh. Independent Journal of Management & Production. 2020; 11 (6):1739-1759.
Chicago/Turabian StyleMohammad Abir Shahid Chowdhury; Zahid Ali; Muhammad Usman; Asad Ullah. 2020. "Performance persistence of mutual funds: evidence from Bangladesh." Independent Journal of Management & Production 11, no. 6: 1739-1759.
Zahid Ali; Yang Hanming; Assad Ullah. Corporate Governance and Dividend Smoothing: Evidence from Pakistani Listed Banks. Asian Journal of Business and Accounting 2018, 11, 85 -120.
AMA StyleZahid Ali, Yang Hanming, Assad Ullah. Corporate Governance and Dividend Smoothing: Evidence from Pakistani Listed Banks. Asian Journal of Business and Accounting. 2018; 11 (2):85-120.
Chicago/Turabian StyleZahid Ali; Yang Hanming; Assad Ullah. 2018. "Corporate Governance and Dividend Smoothing: Evidence from Pakistani Listed Banks." Asian Journal of Business and Accounting 11, no. 2: 85-120.