Abstract:

This research verifies the relationships between gender diversity in the boardroom, firm size, and debt. Based on panel data, non-financial enterprise listed on the Indonesia Security Exchange period 2015-2020. Our study results propose that board gender diversity has a negative impact on capital structure. However, the relation between gender diversity on board and the size of a firm is significantly positive for capital structure. This paper is different from prior studies in that it uses a contingency theory to research the connection between gender diversity in the boardroom and debt. The current paper's result sheds light on the reference in the emerging market.