Abstract:

Our paper examines the gender board diversity and its possible effect on the company’s financial performance. Data sample consisted of 100 Slovak nonfinancial companies from the Trent Top ranking with the highest financial performance (profit) in 2018 and 2017. For the selected company’s managing body information, we used the public access to Slovak Business Register to find out the gender of the representatives. We used descriptive statistics on the overview of the data sample. Then we used Plots analyses, Linear regression and Logistical regression to find out the possible statistical link between the managing body gender diversity and company’s profit. The results of the analysis confirm the strong underrepresentation of women in the managing bodies in the selected companies. For 2017 there were only 15% of the managing body representatives’ women, and in 2018 16%. Our hypothesis “Higher total number of women in management has a positive effect on company’s profit” can’t be confirmed according to the statistical findings from the data sample. The results are limited to the number of selected companies and the underrepresentation of women in the sample.