BOARD DIVERSITY AND CEO SELECTION

2014 ◽  
Vol 37 (4) ◽  
pp. 495-518 ◽  
Author(s):  
Atul Gupta ◽  
Kartik Raman
2018 ◽  
Vol 18 (5) ◽  

This study examines whether board diversity affects firm performance. We investigate this study using panel data of a sample of S&P 500 firms during a 12 year period. After controlling for industry, firm size, and other board composition variables, we find that all three board diversity variables of interest – gender, ethnicity, and age have a significant influence on firm performance. While ethnicity and age have a positive influence on firm performance, it was found that gender has a negative influence. Implications for future research are discussed.


CFA Digest ◽  
2003 ◽  
Vol 33 (3) ◽  
pp. 22-23
Author(s):  
Spencer L. Klein

2015 ◽  
Author(s):  
Ishaka Mohammed Tukur ◽  
Ahmad Bello Dogarawa ◽  
Jibril Ibrahim Yero

2020 ◽  
pp. 1-14
Author(s):  
Keith Halcro ◽  
Tarek Ben Noamene ◽  
Dorsaf Chaher ◽  
Ayman Talib

2021 ◽  
pp. 135481662110143
Author(s):  
Ozgur Ozdemir ◽  
Ezgi Erkmen ◽  
Fatemeh Binesh

This study examines the effect of board diversity on risk-taking for tourism firms and analyzes the moderating effect of board independence, CEO duality, and free cash flows in this proposed relationship. Using a composite index of board diversity and a sample of tourism firms from the US hotel, restaurant, and airline industries, we find that greater board diversity leads to lower risk-taking, measured in standard deviation of return on assets. Moreover, we report that the risk-reduction effect of board diversity is more profound when tourism firms have less board independence and less free cash flows for investments. When board diversity is decomposed into relation-oriented and task-oriented diversity attributes, we find that only the task-oriented diversity is influential in reducing firm risk-taking for tourism firms. Akin to main analysis, the board independence and free cash flows are significant moderators of the relationship between task-oriented diversity and firm risk-taking.


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