Business

The importance of diversity on boards of directors’ effectiveness and its impact on innovativeness in the bioeconomy

M. Hakovirta, N. Denuwara, et al.

This groundbreaking research explores the link between board diversity and corporate innovativeness within the pulp and paper industry's shift towards a bioeconomy. Conducted by Marko Hakovirta, Navodya Denuwara, Sivashankari Bharathi, Peter Topping, and Jorma Eloranta, the study reveals how various factors of board member diversity can significantly shape company culture and propel innovation.

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Playback language: English

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Abstract

This paper investigates the relationship between board diversity and corporate innovativeness, focusing on the pulp and paper industry's transition to a bioeconomy. The authors analyze the diversity of board members (considering factors like education, ethnicity, gender, and age) in highly innovative companies compared to large bioeconomy companies. Their findings contribute to understanding how board diversity shapes company culture and influences innovation.

Publisher

Humanities & Social Sciences Communications

Published On

Oct 06, 2020

Authors

Marko Hakovirta, Navodya Denuwara, Sivashankari Bharathi, Peter Topping, Jorma Eloranta

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