Hur påverkar styrelsens sammansättning företags prestation? : En studie om bolag noterade på Stockholmsbörsen

• Main Authors: Lundemo, Lars, Kaufmann, Jakob
• Format: Others
• Language: Swedish
• Published: Södertörns högskola, Företagsekonomi 2020
• Subjects: Finansiell prestation; Tobin’s Q; Styrelsesammansättning; Aktieinnehav; Jämställdhet; Stockholmsbörsen; Agentteorin; Business Administration; Företagsekonomi
• Online Access: http://urn.kb.se/resolve?urn=urn:nbn:se:sh:diva-41241

Based on a Cross-sectional study, this paper offers to examine all companies listed on Nasdaq Stockholm AB (The Stockholm Stock Exchange) during 2018 and how their board structure in terms of gender equality, nationality and shareholding effects the companies financial performance. This study uses Tobin’s Q as a dependent variable and as a measure of firm performance. As independent variables Percentage of female board members, Blaus Gender Diversity Index, Percentage of foreign citizens on the board and The boards shareholding is being used. The control variables are The size of the Company, The board size and The middle age of the board. All variables are being used in a stepwise regression: Initially, in a bivariate regression analysis, followed by multiple regression analysis where all remaining variables includes. The initial regressions are made separately depending on which list the companies are being trade (Small Cap, Mid Cap, Large Cap), followed by stepwise regressions for the entire population.   The result shows that an increase of female board members, gender equality and foreign citizens in the board increases the companies finance results. Further, the results show that an increase of equity ownership by board directors reduces the companies financial result.