Corporate Governance and Diversity in Boardrooms
Corporate Governance and Diversity in Boardrooms

Author: Barbara Sveva Magnanelli

Publisher: Springer Nature

Published: 2020-10-02

Total Pages: 176

ISBN-13: 3030561208

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This book explores diversity in boardrooms to highlight the link between the heterogeneous dimensions of board diversity and their impact on the firms. The book provides a brief definition of corporate governance and focuses on the role and functions of the board of directors. The work contributes to the literature enriching the empirical findings about board diversity. After a deep review of the literature within several theoretical frameworks, such as agency, stakeholder, stewardship, resource dependence, and the institutional theory, the focus moves on the impact on financial performance. The board diversity effects are tested through an empirical analysis conducted on a sample of European listed companies, performing both a single and a joint diversity index analysis. Practitioners and academics will find this book particularly timely and useful as it combines both a review of the literature and robust empirical investigation. It will be an excellent reading for academics and practitioners interested in firm performance, corporate governance and stakeholder theory.

Board Diversity and Financial Performance
Board Diversity and Financial Performance

Author: Cobus Taljaard

Publisher:

Published: 2014

Total Pages: 36

ISBN-13:

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Directors need to guide and govern companies on behalf of and for the benefit of shareholders and stakeholders (Adams, Hermalin, & Weisbach, 2010; "Duties of directors," 2011). However questions remain as to whether boards with higher levels of diversity amongst directors are better equipped to fulfil their fiduciary duty than boards with lower levels of diversity (Carter, D'Souza, Simkins, & Simpson, 2010; Jhunjhunwala & Mishra, 2012; Nielsen & Nielsen, 2013).This research examines whether increased levels of diversity within boards are associated with improved financial performance to shareholders. From the literature, several theoretical frameworks that could explain why increased diversity might or might not lead to improved board performance were noted. Share returns and directors' demographic data were collected for a sample of the largest 40 companies listed on the JSE from 2000 to 2013. This data was analyzed using Muller and Ward's (2013) investment style engine by forming portfolios of companies based on board-diversity constructs. Time-series graphs of cumulative portfolio market returns were analyzed to determine if the diversity dimensions tested were associated with improved company financial performance.The results showed that racial diversity within boards is not associated with financial performance. However, increased gender diversity and younger average board age were shown to have strong associations with improved share price performance.

Gender Diversity in the Boardroom
Gender Diversity in the Boardroom

Author: Cathrine Seierstad

Publisher: Springer

Published: 2017-09-13

Total Pages: 285

ISBN-13: 3319561421

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This edited collection provides a structured and in-depth analysis of the current use of quota strategies for resolving the pressing issue of gender inequality, and the lack of female representation on corporate boards. Filling the gap in existing literature on this topic, the two volumes of Gender Diversity in the Boardroom offers systematic overviews of current debates surrounding the optimisation of gender diversity, and the suggested pathways for progress. Focusing on sixteen European countries, the skilled contributors explore the current situation in relation to women on boards debates and approaches taken. They include detailed reflections from critical stakeholders, such as politicians, practitioners and policy-makers. Volume 1 focuses on eight European countries having adopted quotas and is a promising and highly valuable resource for academics, practitioners, policy makers and anyone interested in gender diversity because it examines and critiques the current corporate governance system and national strategies for increasing the share of women not only on boards, but within companies beyond the boardroom.

Women, Work and Computerization
Women, Work and Computerization

Author: Ellen Balka

Publisher: Springer

Published: 2013-11-11

Total Pages: 317

ISBN-13: 038735509X

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ELLENBALKA Simon Fraser University ebalka@Sfu. ca 1. INTRODUCTION In developing the call for papers for the 7th International Federation of Information Processors (IFIP) Women, Work and Computerization Conference, we sought to cast our net widely. We wanted to encourage presenters to think broadly about women, work and computerization. Towards this end, the programme committee developed a call for papers that, in its final form, requested paper submissions around four related themes. These are (1) Setting the Course: Taking Stock of Where We Are and Where We're Going; (2) Charting Undiscovered Terrain: Creating Models, Tools and Theories; (3) Navigating the Unknown: Sex, Time, Space and Place, and (4) Taking the Helm: Education and Pedagogy. Our overall conference theme, 'Charting a Course to the Future' was inspired in part by Vancouver's geography, which is both coastal and mountainous. As such, navigation plays an important part in the lives of many as we seek to enjoy our environs. In addition, as the first Women, Work and Computerization conference of the new millennium, we hoped to encourage the broad community of scholars that has made past Women, Work and Computerization conferences a success to actively engage in imagining--and working towards-- a better future for women in relation to computers. The contributions to this volume are both a reflection of the hard work undertaken by many to improve the situation of women in relation to computerization, and a testament to how much work is yet to be done.

The Bottom Line
The Bottom Line

Author: Catalyst

Publisher: Catalyst

Published: 2004

Total Pages: 35

ISBN-13: 0895842440

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This study explores whether there is a demonstrable connection between gender diversity and organizational financial performance.

Corporate Governance
Corporate Governance

Author: H. Kent Baker

Publisher: John Wiley & Sons

Published: 2010-08-20

Total Pages: 690

ISBN-13: 0470877952

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A detailed look at the importance of corporate governance in today's business world The importance of corporate governance became dramatically clear at the beginning of the twenty-first century as a series of corporate meltdowns from managerial fraud, misconduct, and negligence caused a massive loss of shareholder wealth. As part of the Robert W. Kolb Series in Finance, this book provides a comprehensive view of the shareholder-manager relationship and examines the current state of governance mechanisms in mitigating the principal-agent conflict. This book also offers informed suggestions and predictions about the future direction of corporate governance. Relies on recent research findings to provide guidance through the maze of theories and concepts Uses a structured approach to put corporate governance in perspective Addresses essential issues related to corporate governance including the idea of principal-agent conflict, role of the board of directors, executive compensation, corporate monitoring, proxy contests and corporate takeovers, and regulatory intervention Corporate governance is an essential part of mainstream finance. If you need to gain a better understanding of this topic, look no further than this book.

Behind Closed Doors
Behind Closed Doors

Author: Kara Hollis

Publisher: LAP Lambert Academic Publishing

Published: 2011-10

Total Pages: 92

ISBN-13: 9783845439594

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This thesis examines the effects of different forms of corporate board diversity on company financial performance. Specifically, the study considers whether types of informational and demographic diversity, as well as the level of familiarity among board members, lead to improved functioning of the board. To determine the relationship between board diversity and firm performance, the thesis combined quantitative and qualitative data, employing statistical analysis to determine the relationship between various forms of board diversity and firm financial performance of Fortune 1000 corporations, as measured by return on assets (ROA) and return on investments (ROI). It also utilized interviews with eleven Fortune 500 board directors to gain insight into the dynamics behind the boardroom doors that could facilitate or discourage the contributions of different forms of diversity. By combining insights from these two data sources, gender diversity was found to enhance firm performance, while diversity in board experience (measured by the number of boards directors have served on during their career) had a detrimental effect.

The Diversity of Corporate Board Committees and Firm Financial Performance
The Diversity of Corporate Board Committees and Firm Financial Performance

Author: David Carter

Publisher:

Published: 2007

Total Pages: 40

ISBN-13:

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We examine the relationship between the gender and ethnic minority diversity of the board of directors and the financial performance of the firm, i.e. the economic case for a diverse board of directors. The research is unique because we analyze both the diversity of the board and the diversity of important board committees to gain greater insight into the way diversity affects board functions and, ultimately, shareholder value. Our sample consists of all firms listed on the Fortune 500 over the period 1998-2002 yielding a panel of data with approximately 2,000 firm years. Our data also indicate that the direction of causation goes from board diversity to firm financial performance which supports the economic case for board diversity. When we consider the percentage of women and ethnic minority directors on the board, the diversity of board composition appears to create value for shareholders. The results of a cross-section fixed-effects procedure with lagged variables and a three-stage least-squares estimation support board diversity has a positive effect on financial performance as measured by Tobin's q. However, the board committee evidence also indicates that the process through which gender and ethnic diversity impacts financial performance is subtle and complex. Some functions of the board may benefit from diverse directors while other functions may actually suffer. Furthermore, the type of diversity appears to matter. We conclude a more nuanced view of the economic case for board diversity is most appropriate.