Female directors, nationality diversity, and firm performance: Evidence from the mining industry in Indonesia

This study investigates how the presence of female directors and the nationality diversity affect firm performance in the mining industry in Indonesia. This study uses 186 firm year observations on mining industry listed on the Indonesian Stock Exchange (IDX) spanning the 2010-2015 period. The regression method is used to test the hypotheses using STATA software. The finding shows that the presence of female directors in the mining firms is associated with negative firm performance. Interestingly, the nationality diversity is positively associated with firm performance.