Research On The Impact Of Sexism On Company Performance

Along with the faster-growing economy,women have been continuing to become a more important backbone in society,and the issues of female executives,especially the underrepresentation of women in executives,have also received more and more attention from all walks of life.To this end,since 2005,some countries have implemented a gender quota system,and China has also clearly stated the need to increase the proportion of women in management.However,according to the "Global Gender Gap Report 2020" and the statistics of the A-share market in Shanghai and Shenzhen(as of the end of 2017),the average number of female executives is still not high,some companies do not even have female executives.Some scholars believe that the reason may be insufficient human capital investment,resulting in the lack of qualified female candidates.Other scholars believe that this is related to women's gender discrimination in their career development.Insufficient investment in human capital may itself be the result of gender discrimination.In fact,our country's traditional ideas of "son preference" and "innocence is the virtue for women" continue from ancient times to the present.They are deeply ingrained in the hearts of Chinese people,and the problem of gender discrimination has always existed.As a participant in a company's major decision-making,executives' words and actions may have an impact on the company's future.So,will gender discrimination affect the company's performance? Becker(1957)extended economic theory to the study of human behavior and pioneered discriminatory economics for the first time,he opens a window for research between sexism and company performance.Based on the reasons for underrepresentation of women,this article analyzes the relationship between gender discrimination and company performance from the perspective of the demand side.Based on the theory of labor economics discrimination,this paper selected the data of a-share listed companies from 2005 to 2017 as the research sample,analyzed the relationship between gender discrimination and corporate performance,and further expanded the relationship between gender discrimination and corporate risk bearing level and agency cost.Findings:(1)The more serious the degree of sex discrimination,the worse the performance of the company,that is,there is a significant negative correlation between sex discrimination and company performance;(2)The relationship between gender discrimination,risk taking,and agency costs isnot clear,and the impact of gender discrimination on the company's risk taking level and agency costs may not be obvious.Therefore,the government should improve the relevant laws and implement policy measures to promote gender equality as soon as possible from the root of the law.The company should change traditional ideas and formulate reasonable talent management policies,implement corresponding training measures,and create a good environment for women 's professional development.The news media should also improve the scientific and cultural qualities of all people,including employers,and urge relevant departments to actively correct existing gender discrimination.The research in this article is based on the labor market demand-side perspective,enriches the research literature on the relationship between women's participation in corporate governance and performance,and is also of great practical significance for listed companies to build an equal and harmonious executive team and improve company performance.