Article 2, Volume 5 Issue 1

Value Creation and Women on Boards

Author

Bettina Binder – (Hochschule Pforzheim)

Received September 8, 2018; accepted October 26, 2018.

Abstract

Value creation is a major claim of most companies. Mahajan (2017) argues that “value and value creation are natural to and basic in human behaviour and endeavour”, nevertheless women are often marginalized and impeded in their advancement towards leadership positions, where they could shape and influence the process of value creation. The present article looks at the companies of EURO STOXX 50 index in the year 2015 and offers an overview of women representation on the boards of these 50 companies. The paper tries to establish whether the success of these companies can be related to the percentage of female members in supervisory positions. The findings reveal the existence of a weak correlation between Earning before Taxes (EBT) and the proportion of women on the boards of the EURO STOXX 50 companies.

La creación de valor es un reclamo importante de la mayoría de las empresas. Mahajan (2017) argumenta que “el valor y la creación de valor son naturales y básicos en el comportamiento y el esfuerzo humano”, sin embargo, las mujeres a menudo son marginadas e impedidas en su avance hacia posiciones de liderazgo, donde podrían moldear e influir en el proceso de creación de valor. El presente artículo analiza las empresas del índice EURO STOXX 50 en el año 2015 y ofrece una visión general de la representación de las mujeres en los directorios de estas 50 empresas. El documento intenta establecer si el éxito de estas compañías puede estar relacionado con el porcentaje de mujeres en puestos de supervisión. Los resultados revelan la existencia de una correlación débil entre Ganancias antes de impuestos (EBT) y la proporción de mujeres en los directorios de las compañías EURO STOXX 50.

Citation

Binder, B. (2018). Value Creation and Women on Boards. European Accounting and Management Review5(1), 21-46.

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Keywords

  • Value creation
  • Women on supervisory boards
  • Key performance indicators
  • Gender quota
  • Earnings before taxes

Palabras clave

  • Creación de valor
  • Mujeres en juntas supervisoras
  • Indicadores clave
  • Cuota de género
  • Beneficios antes de impuestos

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Article 1, Volume 4 Issue 1

Gender Quota and Firm’s Performance: A Focus on Italian and Spanish Companies from EURO STOXX 50

Author

Bettina C.K. Binder – (Hochschule Pforzheim)

Received August 1, 2017; accepted October 6, 2017.

Abstract

Gender diversity of management boards is a highly-debated issue worldwide. Aside from its ethical aspect, promoting equality and a greater inclusion is believed to have also positive effects on the financial performance of a company. National campaigns such as the “2020 Women on Boards” in the USA, or the “Women on the Board Pledge for Europe” at European level are just two examples of initiatives which aim at increasing the female percentage in management boards. In addition, some countries also adopted legal quotas to enhance the existence of diverse management boards. In this context, the present study focuses on the EURO STOXX 50 companies and the relationship between the gender composition of their boards and financial performance as measured by Earnings before Taxes (EBT). A special focus is laid on Italy and Spain, as both countries adopted legislative actions for increasing the proportion of women on boards.

La diversidad de género de los consejos de administración es un tema muy debatido en todo el mundo. Además de su aspecto ético, se cree que promover la igualdad y una mayor inclusión también tiene efectos positivos en el desempeño financiero de una empresa. Las campañas nacionales como “2020 Women on Boards” en los EE. UU. O “Women on the Board Pledge for Europe” a nivel europeo son solo dos ejemplos de iniciativas que apuntan a aumentar el porcentaje de mujeres en las juntas directivas. Además, algunos países también adoptaron cuotas legales para mejorar la existencia de diversos consejos de administración. En este contexto, el presente estudio se centra en las empresas EURO STOXX 50 y la relación entre la composición de género de sus directorios y el desempeño financiero medido por Ganancias antes de impuestos (EBT). Se hace especial hincapié en Italia y España, ya que ambos países adoptaron medidas legislativas para aumentar la proporción de mujeres en los consejos.

Citation

Binder, B. (2017). Gender Quota and Firm’s Performance: A Focus on Italian and Spanish Companies from EURO STOXX 50. European Accounting and Management Review4(1), 1-18.

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Keywords

  • Gender quota
  • Firm performance
  • Earnings before taxes (EBT)
  • EURO STOXX 50 index
  • Italy
  • Spain

Palabras clave

  • Cuota de género
  • Resultados de la empresa
  • Ganancias antes de impuestos (EBT)
  • EURO STOXX 50 index
  • Italia
  • España

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Article 6, Volume 3 Issue 1:

Process performance management and financial control of key performance indicators as shown in an explorative study of national and international companies

Author

Bettina C.K. Binder – (Hochschule Pforzheim)

Received October 29, 2016; accepted November 5, 2016.

Abstract

Process-oriented performance management in international business is a highly debated topic. One question repeatedly raised both in theory and practice is whether process-oriented performance management in national and international firms has to be structured (Tsai and Hung, 2009; Bourne et al., 2003). Moreover, it can be questioned whether the results of key performance indicators measured through financial control in national and international companies are really the same. In order to answer this question, an explorative study (using questionnaires) was conducted by Pforzheim University in the fourth quarter of 2014, in which 26 industrial partners participated. The article, therefore, focuses on the results of the survey which shows what key performance indicators are used (or not used at all) both in national and international companies. The main contribution of this article is the fact that, it shows how the management of key performance indicators in national and international business looks like in reality.

La gestión del desempeño orientada a procesos en los negocios internacionales es un tema muy debatido. Una pregunta planteada repetidamente tanto en la teoría como en la práctica es si la gestión del desempeño orientada al proceso en las empresas nacionales e internacionales tiene que estructurarse (Tsai y Hung, 2009; Bourne et al., 2003). Además, se puede cuestionar si los resultados de los indicadores clave de desempeño medidos a través del control financiero en compañías nacionales e internacionales son realmente los mismos. Para responder a esta pregunta, la Universidad de Pforzheim realizó un estudio exploratorio (utilizando cuestionarios) en el cuarto trimestre de 2014, en el que participaron 26 socios industriales. El artículo, por lo tanto, se centra en los resultados de la encuesta que muestra qué indicadores clave de rendimiento se utilizan (o no se utilizan en absoluto) tanto en empresas nacionales como internacionales. La principal contribución de este artículo es el hecho de que muestra cómo se ve en realidad la gestión de los indicadores clave de desempeño en los negocios nacionales e internacionales.

Citation

Binder, B. (2016). Process Performance Management and Financial Control of Key Performance Indicators as Shown in an Explorative Study of National and International Companies. European Accounting and Management Review3(1), 124-153.

Figures

Keywords

  • Performance management
  • Key performance indicators
  • Financial performance measures
  • Non-financial performance measures
  • National and international companies

Palabras clave

  • Gestión del rendimiento
  • Indicadores clave de rendimiento
  • Medidas de desempeño financiero
  • Medidas de desempeño no financieras
  • Empresas nacionales e internacionales

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