This analysis explores board independence and gender diversity's role in enhancing performance of state-owned enterprises, suggesting the importance of governance structures.
Key Points
A positive relationship exists between board independence and firm performance, showing the benefit of non-executive directors.
Gender diversity on boards also correlates positively with performance, emphasizing the need for inclusive governance practices.
Contrarily, larger board sizes demonstrate a negative relationship with performance, implying inefficiencies in governance.
Utilizing a quantitative approach, the study sampled senior management and analyzed data with Pearson correlation and regression methods.