Effect of Board Diversity on Firm Performance in Different Social Contexts
Effect of Board Diversity on Firm Performance in Different Social Contexts

Author: Nam The Nguyen

Publisher:

Published: 2016

Total Pages: 60

ISBN-13:

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The business case for board diversity is contrasted in two different social contexts in this thesis. Specifically, the effect of differences in gender, ethnicity, and the age of the directors may have on firm financial performance is compared across a sample of Vietnamese and Australian listed companies. The research employs the most efficient panel data regression method using a selection procedure of fixed/random effects testing. Regression output indicates that the gender and ethnic diversity of the board more positively influences Tobin's Q in Vietnam than they do in Australia while age diversity does not. Additionally, ethnic diversity more positively influences return on assets in Vietnam than in Australia, whereas age diversity more positively affects return on assets in Australia than in Vietnam. The result also suggests that there is no difference in the impact of gender diversity on return on assets across the two nations. These findings will have important implications for global harmonisation, the convergence of corporate governance, in general, and, in particular, recommendations about board diversity.

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.

Corporate Governance
Corporate Governance

Author: Sabri Boubaker

Publisher: Springer Science & Business Media

Published: 2012-12-18

Total Pages: 445

ISBN-13: 3642315798

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The current crisis has rocked the financial system worldwide and has cast doubt on the effectiveness of the existing regulatory regime. Thousands of firms have gone bankrupt and many financial institutions were bailed out by governments. The effects of the crisis have shaken emerging and developing markets alike and have not spared neither small nor large businesses. Many scholars and practitioners attribute the roots of the crisis to failures and weaknesses in the way corporate governance has been practiced since the mid-1990s. Lax board oversight of top management, short-termism and self-interested behavior have been fingered as the culprits behind recent financial turmoil. This book highlights the recent developments and new trends in corporate governance. The eighteen chapters, written by leading academics and experts, can assist corporate executives, governance bodies, investors, market regulators, and policymakers in having a global picture of major corporate governance issues. This book highlights the recent developments and new trends in corporate governance. The eighteen chapters, written by leading academics and experts, can assist corporate executives, governance bodies, investors, market regulators, and policymakers in having a global picture of major corporate governance issues.

Boards' Gender Diversity and Firm Performance Before and After the Egyptian Revolution
Boards' Gender Diversity and Firm Performance Before and After the Egyptian Revolution

Author: Melsa Ararat

Publisher:

Published: 2018

Total Pages: 45

ISBN-13:

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Given the endogenous and contingent nature of firms' governance choices, it is not surprising that the results of prior studies investigating the association between board attributes and firm performance are mixed. In this paper, we exploit the presence of an exogenous shock represented in the Egyptian revolution in 2011 to assess the effect of gender diversity in the board on firm performance. Our results show that gender diverse firms perform better when their environment becomes more complex and unpredictable. The presence of foreign directors on the other hand has the opposite effect. Our results challenge the notion that diversity attributes are additive, and underscore the benefits of gender diversity in more complex and unpredictable contexts. Overall, we provide evidence that board structure/diversity-performance relationship is contingent upon the social, political and economic context, and changes in response to external shocks.

How Board Diversity Affects Firm Performance In Emerging Markets
How Board Diversity Affects Firm Performance In Emerging Markets

Author: Melsa Ararat

Publisher:

Published: 2015

Total Pages:

ISBN-13:

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We investigate the indirect effect of a board's demographic diversity on firm performance via board monitoring in a context where boards are relatively homogeneous with respect to structural diversity, using data from Turkey. We contextualise our investigation by exploring the influence of ownership configurations on the effect of diversity. We find a positive and non-linear relationship between demographic diversity and performance, mediated by the board's monitoring efforts. The effect of monitoring is found to be contingent upon (moderated by) the control-ling shareholders' propensity to expropriate, measured by the deviation of control rights from cash flow rights, i.e. the wedge. We report that demographic diversity enhances firm performance by mitigating the negative effect of the wedge on board monitoring.Our results provide empirical support for the importance of contextual factors in the relationship between diversity and performance. Our framework and the compound diversity and board-monitoring indices we construct may prove useful to researchers.Practitioner/Policy Implications: Regulators can use our findings in formulating recommendations or regulations related to desirable characteristics of boards. Our results are also instructive for investors and proxy advisors and indicate that the mere existence of monitoring vehicles may be insufficient to prevent expropriation by dominant shareholders, but diverse boards may mitigate the propensity to expropriate. Board members and shareholders should also benefit from the findings in creating boards that are more diligent monitors.

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.

Corporate Governance in the US and Global Settings
Corporate Governance in the US and Global Settings

Author: Kose John

Publisher: Emerald Group Publishing

Published: 2014-11-20

Total Pages: 290

ISBN-13: 1784412910

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Volume 17 of Advances in Financial Economics, entitled "Corporate Governance in the US and Global Settings" will provide further insights into corporate governance in the US & global economic and financial environment by publishing international, within-country and cross-country comparative studies.

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.

High Performance Boards
High Performance Boards

Author: Didier Cossin

Publisher: John Wiley & Sons

Published: 2020-06-22

Total Pages: 358

ISBN-13: 1119615658

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A comprehensive guide to transforming boards and achieving best-practice governance in any organisation. When practising good governance, the board is the vital driver of organizational success, while fostering positive social impact and economic value creation. At all levels, executives around the world are faced with complexities rising from disruptive business models, new technologies, socio-economic changes, shifting political circumstances, and an array of other sources. High Performance Boards is the comprehensive manual for attaining best-in-class governance, offering pragmatic guidance on improving board quality, accountability, and performance. This authoritative volume identifies the four dimensions, or pillars, which are crucial for establishing and maintaining best-practice boards: the people involved, the information architecture, the structures and processes, and the group dynamics and culture of governance. This methodology can be applied to any board in the world, corporate or non-profit organization, regardless of size, sector, industry, or context. Readers are introduced to a fictitious senior board member – an amalgamation of board members from well-known organisations – and follow her as she successfully handles real-life challenges with effective governance. Drawn from the author's 20 years of practice and confidential work with boards across the world, this book: Demonstrates how high-performance boards innovate and refine their practices Discusses examples of board failures and challenges, including case studies from both for-profit and non-profit organisations including international organizations and state-owned agencies or even ministries Provides a proven framework to create best-in-class governance Includes a companion website featuring tools for board assessment and board practice High Performance Boards has inspired more than 3000 board members around the world. This book is essential reading for professionals and managers interested in governance and board members, senior managers, investors, lawyers, and students of governance.