Analyzing resource-based agency theories in explaining the role of digital transformation on the gender diversity of the board of directors and financial distress: Evidence from companies listed on the Tehran Stock Exchange.

Document Type : Original Article

Authors
Maryam Lale Mazhin 1
Fatemehsoghra yaghoobi 2
1 1. Faculty Member,Department of Accounting, Technical and Vocational University(TVU), Tehran, Iran
2 2. Faculty Member,Department of Accounting, Technical and Vocational University(TVU), Tehran,
10.30495/jik.2024.75485.4405
Abstract
Based on representational and resource-based theories, the gender diversity of the board of directors leads to the reduction of information asymmetry, increasing transparency, improving the advisory role of the board members, and as a result, it will result in the reduction of financial helplessness. Therefore, the aim of the present study is to investigate the effect of gender diversity of the board of directors on financial distress based on agency and resource-based theories in companies listed on the Tehran Stock Exchange. To test the hypotheses of the research, the financial information of the companies admitted to the Tehran Stock Exchange between 2017 and 2021 was used, so that after applying the restrictions in this research, the final sample consisting of 172 companies was selected. After measuring the research variables, multivariate linear logistic regression analysis was used to test the research hypothesis. The hypothesis test was also done using Eviews econometric software and panel data statistical techniques. The results of the statistical test of the research show that according to the prediction of representation theories and based on the resources, the gender diversity of the board of directors has a negative and significant effect on financial helplessness.
Keywords
Board of Directors
gender diversity
digital transformation
financial helplessness
agency theory
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