Abstract:
Gender balance in corporate board is an emerging phenomenon in Corporate Governance
Initiatives. According to that, the objective this study to explore the nexus between women
participation and firm performance of public listed companies in Sri Lanka. This research
based on positivistic paradigm with the quantitative methodology. Secondary data were
collected and analyzed using panel data. Analyze techniques to obtain quantitative measures of
descriptive statistics and regression analyses. The results depict that women participation
significantly impact the firm performance of public listed companies in Sri Lanka. The results
show that firms with women directors perform better than those without women on their
boards. This finding concludes that adequate women proportion is a pivot element in Sri
Lankan listed companies’ corporate board composition. This evidence provides insight for
regulators, practitioners, management of corporate boards and existing and potential investors
of vital role of women in corporate board. This study extends the extant research on women
participation in corporate board and firm performance by adopting prominent research design
and modernized data. This study offers evidence on how selected women participation
variables influence firm performance.
