Concatenation Of Board Gender Diversity with Managerial Efficiency in Selected Fortune Indian Companies

Abstract : Even with the substantial developments made by organisations over the last 20 years for encouraging the participation and representation of women at the board level, they occupy only a small number of seats on the board. The study intends to examine the nexus between gender diversity among corporate boards and managerial efficiency of selected Fortune Indian companies (HCL Technologies, Hindustan Unilever, ONGC, ITC and WIPRO) for 2018-2022. The chosen indicators for managerial efficiency were Debtors Turnover Ratio (DTR) and Inventory Turnover Ratio (ITR), and for Board Gender Diversity, the number of females on board, respectively. Data for the study was collected from the company’s annual reports. The study’s research design is cross-sectional, and analysis was performed using panel-regression techniques. The findings aim to deliver new perceptions to the empirical managerial efficiency literature. They will help the companies confront the gender inequality challenges faced headon, fostering them to create a more welcoming and supportive culture that ultimately benefits their bottom line and drives better business outcomes. An insignificant positive association was found between the two variables.