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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...
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The participation of women in top-level corporate boards (or rather the lack of it) is subject to intense public debate. Several countries are considering legally binding quotas to increase the share of women on boards. Indeed, research on board diversity suggests positive effects of gender...
Persistent link: https://www.econbiz.de/10010486972
The participation of women in top-level corporate boards (or rather the lack of it) is subject to intense public debate. Several countries are considering legally binding quotas to increase the share of women on boards. Indeed, research on board diversity suggests positive effects of gender...
Persistent link: https://www.econbiz.de/10010491772
For the last two decades, board diversity is increasingly considered as a significant mechanism of good corporate governance. Thus, the question arises whether a heterogeneously or rather a homogenously composed board contributes to the efficiency of a company's management and monitoring....
Persistent link: https://www.econbiz.de/10010375800
This study aims to examine the impact of gender diversity in the Board of Directors (BOD) on the firm performance-return of assets (ROA) and return of equity (ROE)-using a sample of Palestinian non-financial companies for the period 2008-2015. Gender diversity was measured as a percentage of...
Persistent link: https://www.econbiz.de/10013184352
Applying a mixed theoretical approach, this paper addresses the causal relationship between the presence of women on steering committees (SC) and in senior management positions and the firm's stock return, measured through the price-earnings ratio (P/E). To do so, we disaggregate the composition...
Persistent link: https://www.econbiz.de/10014471212
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...
Persistent link: https://www.econbiz.de/10012985853