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Gender Diversity and Sustainable Growth Rate: Empirical Evidence From an Emerging Market Context
Abstract
This study aims to examine the relationship between gender diversity and sustainable growth rate in an emerging market context. For this purpose, the related data of 383 firm-year observations comprising 77 non-financial companies listed in Borsa Istanbul over the period 2008-2022 was analyzed by random effects and two-step system generalized method of moments estimators. The main results indicate that executive members gender diversity which is measured by the percentage of female executive members is positively correlated with the sustainable growth rate of the company. This finding suggests that females in executive roles, primarily responsible for allocating company resources, play a critical role in driving sustainable growth. This study provides valuable empirical evidence and theoretical insights that contribute to both academic research and practical implications for policymakers, corporate leaders, and investors interested in promoting diversity and sustainable growth in emerging markets.
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