Vliv genderové diverzity ve společnostech na jejich finanční a tržní výkonnost

Diversity, especially gender diversity in the context of economics, business and management has become a focal point of debates in recent years. This thesis examines the impact of gender diversity of the board and the middle management on the firm’s financial and market performance on a sample of European listed companies over the period 2014 – 2021 using panel data analysis. The results are ambiguous: diversity on the board level is found to have a positive relationship with financial performance (proxied by ROA and ROIC), while diversity of the middle management negatively impacts these indicators. Diversity seems to have no relationship with the third financial indicator, net margin, nor with indicators of market performance (Tobin’s Q, EV/EBITDA and variability of daily stock returns). The study also highlights the need for detailed diversity reporting as well as to analyse the impact of diversity below the board level.