Board of Director Diversity and Firm Financial Performance
TLDR
The authors examined the relationship between demographic diversity on boards of directors with firm financial performance using 1993 and 1998 financial performance data (return on asset and investment) and the percentage of women and minorities on board of directors for 127 large US companies.Abstract:
This study examines the relationship between demographic diversity on boards of directors with firm financial performance. This relationship is examined using 1993 and 1998 financial performance data (return on asset and investment) and the percentage of women and minorities on boards of directors for 127 large US companies. Correlation and regression analyses indicate board diversity is positively associated with these financial indicators of firm performance. Implications for both strategic human resource management and future research are discussed.read more
Citations
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Gender Diversity in the Boardroom and Firm Financial Performance
TL;DR: In this article, the authors investigated the link between the gender diversity of the board and firm financial performance in Spain, a country which historically has had minimal female participation in the workforce, but which has now introduced legislation to improve equality of opportunities.
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Women in the Boardroom and Their Impact on Governance and Performance
TL;DR: This article found that female directors have better attendance records than male directors, male directors have fewer attendance problems the more gender-diverse the board is, and women are more likely to join monitoring committees.
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The Gender and Ethnic Diversity of US Boards and Board Committees and Firm Financial Performance
TL;DR: In this paper, the authors examined the business case for the inclusion of women and ethnic minority directors on the board and found no significant relationship between the gender or ethnic diversity of the board, or important board committees, and financial performance for a sample of major US corporations.
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Women Directors on Corporate Boards: A Review and Research Agenda
TL;DR: In this paper, the authors present a comprehensive review of women directors on corporate boards, incorporating and integrating research from over 400 publications in psychology, sociology, leadership, gender, finance, management, law, corporate governance and entrepreneurship domains.
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Additions to corporate boards: the effect of gender
TL;DR: In this article, the authors show that the likelihood of a firm adding a woman to its board in a given year is negatively affected by the number of women already on the board.
References
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A Survey of Corporate Governance
Andrei Shleifer,Robert W. Vishny +1 more
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Searching for Common Threads: Understanding the Multiple Effects of Diversity in Organizational Groups
TL;DR: This article reviewed and evaluated recent management research on the effects of different types of diversity in group composition at various organizational levels (i.e., boards of directors, top management groups, and organizational task groups) for evidence of common patterns.
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Boards of Directors and Corporate Financial Performance: A Review and Integrative Model
Shaker A. Zahra,John A. Pearce +1 more
TL;DR: In this article, an integrative model of board attributes and roles is presented, and research support on their links is discussed, identifying critical shortcomings of past studies and concludes by offering an agenda for future studies in this promising area of empirical research.