Board of Director Diversity and Firm Financial Performance

Date
2003-03-19
Authors
Erhardt, Niclas
Shrader, Charles
Werbel, James
Shrader, Charles
Major Professor
Advisor
Committee Member
Journal Title
Journal ISSN
Volume Title
Publisher
Altmetrics
Authors
Research Projects
Organizational Units
Management
Organizational Unit
Journal Issue
Series
Department
Management
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.

Comments

This is the accepted version of the following article: Corporate Governance:An International Review, Volume 11, Issue 2, pages 102-11, April 2003, which has been published in final form at http://onlinelibrary.wiley.com/doi/10.1111/1467-8683.00011/full.

Description
Keywords
Citation
DOI
Collections