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Australian real estate management and development companies and women directors

Dimovski, Bill, Lombardi, Luisa, Ratcliffe, Christopher and Cooper, Barry John 2016, Australian real estate management and development companies and women directors, Property management, vol. 34, no. 1, pp. 18-28, doi: 10.1108/PM-12-2014-0052.

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Title Australian real estate management and development companies and women directors
Author(s) Dimovski, BillORCID iD for Dimovski, Bill orcid.org/0000-0002-0038-8848
Lombardi, LuisaORCID iD for Lombardi, Luisa orcid.org/0000-0002-7991-9030
Ratcliffe, ChristopherORCID iD for Ratcliffe, Christopher orcid.org/0000-0003-3687-7720
Cooper, Barry JohnORCID iD for Cooper, Barry John orcid.org/0000-0002-3719-4975
Journal name Property management
Volume number 34
Issue number 1
Start page 18
End page 28
Total pages 11
Publisher Emerald Group Publishing
Place of publication Bingley, Eng.
Publication date 2016
ISSN 0263-7472
Keyword(s) Australia
women
Board composition
Summary Purpose – There is a large literature advocating the importance of a greater proportion of women directors on boards of publicly listed firms. The purpose of this paper is to examine the numbers and proportions of women directors, including women executive directors, on listed Australian Real Estate Management and Development (REMD) companies to identify how prevalent women directors are on such boards.
Design/methodology/approach – The study examines the numbers and proportions of women directors for 35 REMDs in 2011 and compares this to the broad board composition data on 1,715 Australian Stock Exchange listed entities. Statistically significant findings are evident due to the identified low proportions.
Findings – The study finds that of all the Financials Sub Industry sector groups, REMDs have the lowest proportion of female directors on theirs boards – eight women on each of 35 company boards compared to 159 men on these 35 boards at 2011. Of the eight, there were only two women executive directors on boards compared to 50 men. Statistically, it appears that having women directors on REMD boards is not considered important. Even at December 2014, there are only ten women on seven company boards and only one remaining executive director of an REMD company.
Practical implications – Given that female board representation is positively related to accounting returns and that there is a growing voice for legislation to impose mandatory proportions of women directors on boards around the world, it may be in the interests of REMD boards to consider appointing more women more quickly.
Originality/value – The study is the first to examine the numbers and proportions of women directors amongst REMD companies to identify the paucity of such women directors.
Language eng
DOI 10.1108/PM-12-2014-0052
Field of Research 150403 Real Estate and Valuation Services
Socio Economic Objective 900199 Financial Services not elsewhere classified
HERDC Research category C1 Refereed article in a scholarly journal
ERA Research output type C Journal article
Copyright notice ©2016, Emerald Group Publishing
Free to Read? Yes
Persistent URL http://hdl.handle.net/10536/DRO/DU:30081509

Document type: Journal Article
Collections: Open Access Collection
Department of Accounting
Department of Finance
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Every reasonable effort has been made to ensure that permission has been obtained for items included in DRO. If you believe that your rights have been infringed by this repository, please contact drosupport@deakin.edu.au.