Abstract:
Focus ofthe Study:
The study focuses on investigating the impact of gender diversity and corporate governance on the
intellectual capital among the manufacturing firms listed ofKSE-100 Index.
Data and Sample:
The study uses data from 46 manufacturing companies listed on KSE-100 Index covering the time frame
from 2015 to 2022.
Methodology:
The study adopts the Value-Added Intellectual Capital (VAIC) model to assess Intellectual Capital (IC).
VAIC and employed random effect model for studying the influence of gender diversity and corporate
governance on VAIC.
Key Variables:
Gender diversity is identified as a key variable, specifically examining the impact of the inclusion of
females in the company board and/or as Chief Executive Officers (CEOs). Corporate governance (CG)
factors like CEO duality, board independence and board size are also included in the investigation as
suggested by the existing CG -IC literature.
Findings:
The findings indicate that gender diversity, CEO duality and board independence are significantly
influencing firms’ IC. It implies that a healthy balance ofgender diversity may be beneficial for maintaining
a reasonable level ofriskiness in the company. The study emphasizes the importance ofmaking decisions
about the level ofrisk a company should take, suggesting that a balanced approach to diversity contributes
to the success ofthe firm.
Implications:
The study suggests that gender diversity, especially in leadership roles, can impact risk management and
decision-making processes within manufacturing companies. A call for a healthy balance of diversity is
made, indicating that an optimal mix ofgenders in leadership positions can contribute to the success ofthe
organization
