Board Diversity and Firm Performance: The Role of Contextual Variables

被引：15

作者：

Pandey, Nitesh ^{[1
,6
]}

Baker, H. Kent ^{[2
]}

Kumar, Satish ^{[1
,3
]}

Gupta, Prashant ^{[4
]}

Ali, Searat ^{[5
]}

机构：

[1] Malaviya Natl Inst Technol, Dept Management Studies, Jaipur 302017, India

[2] Amer Univ, Kogod Sch Business, Washington, DC 20016 USA

[3] Swinburne Univ Technol, Sch Business, Kuching 93350, Malaysia

[4] Indian Inst Management, Tiruchirappalli 620021, India

[5] Univ Wollongong, Sch Business, Wollongong, NSW 2522, Australia

[6] Amrita Vishwa Vidyapeetham, Amrita Sch Business, Coimbatore 641112, Tamil Nadu, India

来源：

BRITISH JOURNAL OF MANAGEMENT | 2023年 / 34卷 / 04期

关键词：

GENDER DIVERSITY; CORPORATE GOVERNANCE; ETHNIC DIVERSITY; WOMENS PRESENCE; AGENCY COSTS; DIRECTORS; MANAGEMENT; OWNERSHIP; IMPACT; REPRESENTATION;

D O I：

10.1111/1467-8551.12675

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

We examine the dynamic relationship between board diversity and firm performance in an Indian context using a systems generalized method of moments and control function approach. Our baseline analysis shows that board diversity positively influences accounting performance but negatively affects market performance. Additional analysis reveals that contextual variables, including board independence, firm size, firm age, promoter shareholdings, industry sector, women's participation in STEM education and the workforce and gross domestic product moderate this relationship significantly. We also find improved market performance after enacting the Companies Act 2013. Overall, these results highlight the critical role of performance measurement and contextual variables in the diversity-performance nexus.

引用

页码：1920 / 1947

页数：28

共 50 条

[41] Board gender diversity, board compensation and firm performance. Evidence from Jordan
Almarayeh, Taha
JOURNAL OF FINANCIAL REPORTING AND ACCOUNTING, 2023, 21 (03) : 673 - 694
[42] The impact of board capital and board characteristics on firm performance
Jermias, Johnny
Gani, Lindawati
BRITISH ACCOUNTING REVIEW, 2014, 46 (02) : 135 - 153
[43] The pathways of board diversity in European contexts: Exploring the influence of director types on firm performance
Hernandez-Atienza, Fernando
Rodriguez-Sanz, Juan Antonio
Tejerina-Gaite, Fernando
RESEARCH IN INTERNATIONAL BUSINESS AND FINANCE, 2024, 72
[44] Does green innovation play an important role in the effect board gender diversity has on firm performance?
Mahsina
Agustia, Dian
INTANGIBLE CAPITAL, 2023, 19 (02) : 146 - 164
[45] When R&D investment improves firm value: the role of board gender diversity
Kyaw, Khine
Khatri, Ishwar
Treepongkaruna, Sirimon
CORPORATE GOVERNANCE-THE INTERNATIONAL JOURNAL OF BUSINESS IN SOCIETY, 2025, 25 (03): : 471 - 495
[46] Do board subcommittees boost European firm value? The moderating role of gender diversity on boards
Grau, Alfredo
Bel, Inmaculada
BUSINESS ETHICS THE ENVIRONMENT & RESPONSIBILITY, 2022, 31 (04): : 1014 - 1039
[47] How Board Diversity Affects Firm Performance in Emerging Markets: Evidence on Channels in Controlled Firms
Ararat, Melsa
Aksu, Mine
Cetin, Ayse Tansel
CORPORATE GOVERNANCE-AN INTERNATIONAL REVIEW, 2015, 23 (02) : 83 - 103
[48] Board gender diversity, nonmarket strategy and firm performance: Evidence from emerging markets MNCs
Saeed, Abubakr
Baloch, Muhammad Saad
Liedong, Tahiru Azaaviele
Rajwani, Tazeeb
RESEARCH IN INTERNATIONAL BUSINESS AND FINANCE, 2024, 71
[49] Board Gender Diversity and Firm Performance: Evidence from Family-Owned Firms in India
Saha, Rupjyoti
Maji, Santi Gopal
INDONESIAN JOURNAL OF SUSTAINABILITY ACCOUNTING AND MANAGEMENT, 2022, 6 (02) : 291 - 301
[50] Board human capital diversity and firm performance: evidence from top listed Indian firms
Saha, Rupjyoti
Maji, Santi Gopal
JOURNAL OF INDIAN BUSINESS RESEARCH, 2022, 14 (04) : 382 - 402

← 1 2 3 4 5 →