Impact of gender diversity of corporation on firm's performance: a comparative study of the UK and the USA

This paper adopts quantitative research to analyze the relationship between gender diversity and corporate performance. We use data from 280 UK listed companies and U.S. listed companies respectively which are retrieved from Bloomberg. The results show that gender diversity is not correlated with UK corporate performance and is negatively correlated with firm performance in rare cases. Gender diversity has little impact on US corporate performance and in rare cases it is positively correlated with firm performance in the U.S. The limitation of the experiment is that it fails to take into account the educational level of the female staff and the effect of their salary. In addition, only two industries (Consumer, Non-cyclical and Financial) are selected for analysis, and the influences of gender diversity on corporate performance in other industries are not obtained. It is suggested that follow-up researchers can combine qualitative and quantitative research, which can be reflected in sending questionnaires to company executives to inquire about the performance of female employees in the company and how the gender diversity of the company is affected by national regulations