The Impact of Gender Diversity, CEO Experience and Financial Leverage on Financial Performance of Companies in the Transport and Hospitality Industry in Indonesia, Thailand and Malaysia for Period 2015-2020

Abstract

The Covid-19 pandemic has made financial performance in a company undergo several changes. Activities of some companies have decreased, increased, or even tended to be unstable when compared to before and after the pandemic. The purpose of this study is to analyze the impact of gender diversity, CEO business experience, and financial leverage on the financial performance of companies in the transport and hospitality industry in Indonesia, Thailand, and Malaysia for the period 2015-2020. The sample in this study is transport and hospitality companies in Indonesia, Malaysia, and Thailand for the 2015-2020 period that are registered with the Compustat database. A sample of 25 companies during the 6-year study period (2015-2020) makes 150 samples. The authors use secondary data, namely data from the Compustat database and websites of companies. Data analysis includes the following steps: normality test, multicollinearity test, multiple linear regression analysis, t-test. Data analysis was performed in the STATA v.16.0 application – statistical software for data science. The results of the multiple linear regression equation show that the direction of the influence of gender diversity, debt to equity ratio, and interest coverage ratio on the financial performance of companies in the transport and hospitality industry is positive and significant. Meanwhile, the CEO's Business Expertness and debt ratio variables harm the financial performance of companies. Therefore, investors should pay attention to external and internal factors that affect the financial results of the company before investing in its activities.

Keywords

• gender diversity
• ceo's business expertness
• debt ratio
• debt to equity ratio
• interest coverage ratio
• financial performance