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Impact of boardroom diversity on corporate financial performance

Business

Impact of boardroom diversity on corporate financial performance

T. Bagh, M. A. Khan, et al.

This study dives into how boardroom diversity influences firms' financial performance, revealing a constructive relationship that is tempered by strategic change. Conducted by Tanveer Bagh, Muhammad Asif Khan, Natanya Meyer, and Hammad Riaz, the research offers implications for enhancing financial outcomes through diversity initiatives.

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Playback language: English
Abstract
This study investigates the impact of boardroom diversity (BD) on firms’ financial performance (FP), drawing on economic and resource dependency theory. It explores the influence of strategic change (SC) on this nexus, using a six-dimensional index to measure BD and SC. Analyzing a dataset of 240 non-financial firms listed on four stock exchanges (Moscow, Shanghai, Bombay, and Pakistan) over 13 years (2008–2020), the study uses the generalized method of moments. Results indicate a positive impact of BD on FP, weakened by SC. The findings offer policy implications for improving FP through increased BD, while considering SC's influence.
Publisher
HUMANITIES AND SOCIAL SCIENCES COMMUNICATIONS
Published On
May 09, 2023
Authors
Tanveer Bagh, Muhammad Asif Khan, Natanya Meyer, Hammad Riaz
Tags
boardroom diversity
financial performance
strategic change
resource dependency theory
economic impact
non-financial firms
policy implications

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