Gender Diversity on Management Board of Listed Companies in the V4 in the Context of the EU Directive

Result code in IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F49777513%3A23510%2F25%3A43976662" target="_blank" >RIV/49777513:23510/25:43976662 - isvavai.cz</a>

Result on the web

<a href="https://www.management-poland.com/pdf-210918-130291?filename=Gender%20Diversity%20on.pdf" target="_blank" >https://www.management-poland.com/pdf-210918-130291?filename=Gender%20Diversity%20on.pdf</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.58691/man/210918" target="_blank" >10.58691/man/210918</a>

Result language

angličtina

Original language name

Gender Diversity on Management Board of Listed Companies in the V4 in the Context of the EU Directive

Original language description

Research background and purpose: Gender diversity in corporate leadership is an increasingly discussed topic in the field of corporate governance and economic performance. The European Union has adopted several measures aimed at increasing the representation of women in leadership positions, including Directive (EU) 2022/2381, which sets targets for a more balanced gender representation on the boards of listed companies. This study focuses on examining the development of gender diversity in corporate leadership in the Visegrad Group (V4) countries and its impact on companies’ financial performance. The objective is to verify whether listed companies in these countries are aligning with the regulatory requirements and to assess the effect of higher female representation on financial results. Design/methodology/approach: The research employs a quantitative approach based on data analysis from the Eurostat and Orbis databases. In the first part of the study, the development of the share of women in leadership positions in V4 companies over time is tracked and their progress toward the 33% threshold set by European legislation is examined. Subsequently, the relationship between gender diversity in leadership and financial indicators is analysed using statistical tests and regression analysis. Findings: The financial indicators analysis suggests that gender diversity has a statistically significant positive relationship with solvency and profitability indicators, however, a direct impact on traditional financial metrics such as ROA and ROE were not confirmed. This study contributes to a deeper understanding of the impact of gender diversity on the management and performance of listed companies in the V4 countries and provides an up-to-date perspective on its development in connection with the implementation of the EU directive. Value added and limitations: Among the study’s limitations are differences in the number of listed companies across countries and incomplete data. Companies lacking key financial indicators or information on leadership composition were excluded from the analysis. Additionally, external economic factors that are not fully accounted for in the analysis may influence the results.

Czech name

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Czech description

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Type

J_imp - Article in a specialist periodical, which is included in the Web of Science database

CEP classification

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OECD FORD branch

50204 - Business and management

Project

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Continuities

S - Specificky vyzkum na vysokych skolach

Publication year

2025

Confidentiality

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Name of the periodical

Management

ISSN

1429-9321

e-ISSN

2299-193X

Volume of the periodical

29

Issue of the periodical within the volume

2

Country of publishing house

PL - POLAND

Number of pages

23

Pages from-to

84-106

UT code for WoS article

001604602300003

EID of the result in the Scopus database

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