Work

Board of Director Diversity and Firm Financial Performance

Year: 2003

Type: article

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.

Source: Corporate Governance An International Review

DOI: 10.1111/1467-8683.00011

Authors: Niclas L. Erhardt, James D. Werbel, Charles B. Shrader

Institutions: Rutgers, The State University of New Jersey, Iowa State University

Language: English

Topic: Gender Diversity and Inequality

Subfield: Gender Studies

Field: Social Sciences

Domain: Social Sciences

Open Access status: green

OpenAlex ID: W2019384042

FWCI: 15.75

Cites: 40

Cited by: 1,982

Related to: 10