Australian firms hire an increasing number of foreign directors who bring various cultural perspectives to their boards' conversations. We evaluate the effect of board cultural diversity contributed by foreign directors on firm performance for a sample of Australian companies, constituents of...

We examine the impact of board cultural diversity, based on directors’ ancestry, on firm performance conditional on product market competition. We argue that culturally diverse boards foster critical thinking and offer creative solutions that help firms thrive in competitive environments. We...

We examine the impact of cultural diversity in boards of directors on firm performance. We construct a measure of national cultural diversity by calculating the average of cultural distances between board members using Hofstede's culture framework. Our findings indicate that national cultural...

We examine the impact of cultural diversity in corporate boards on a firm's corporate social performance. Using a novel approach to identify a director's cultural roots based on ancestry, we estimate the degree of cultural diversity at the board level. We find that board cultural diversity is...