We investigate the impact of the presence of women in top management on bank performance
controlling for bank specific factors, ownership and governance. By making use of sample of 70 Indonesian
banks in a cross section study, we find strong evidence that the presence of women in the
executives is negatively associated with firm performance. Moreover, we examine the moderating
effect of TMT organizational tenure and TMT age. However, only little evidence is found in the effect
of our moderating variables.
