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Journal ArticleDOI

Firm performance and boardroom gender diversity: A quantile regression approach

TL;DR: This paper investigated the relation between firm performance and boardroom gender diversity using quantile regression methods and found that the presence of women on the board has a positive effect on firm performance, and this effect varies at different parts of the performance distribution.
About: This article is published in Journal of Business Research.The article was published on 2017-10-01. It has received 185 citations till now. The article focuses on the topics: Quantile regression & Gender diversity.
Citations
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Journal ArticleDOI
TL;DR: In this article, the authors identify the main areas and current dynamics of the field of board diversity and suggest future research directions, examine current themes, find impediments to growth in the literature, and suggest avenues for future research.

208 citations

Journal ArticleDOI
TL;DR: In this paper, the authors analyzed how the board characteristics could be associated with globally corporate social responsibility CSR and specific areas of CSR, and found that diversity in boards and diversity of boards globally are positively associated with corporate social performance.
Abstract: This study analyzes how the board’s characteristics could be associated with globally corporate social responsibility CSR and specific areas of CSR. It is drawn on all listed firms, in 2016, on the SBF120 between 2003 and 2016. Our results provide strong evidence that diversity in boards and diversity of boards globally are positively associated with corporate social performance. However, they influence differently specific dimensions of CSR performance. First, we show that large boards are positively associated with all areas of CSR performance, while specific and overall CSR scores are negatively associated with CEO-chair structures. Second, board gender diversity is positively associated with human rights and corporate governance dimensions. Third, age diversity is positively associated with corporate governance, human resources, human rights, and environmental activities. Also, our results provide evidence that outside directors care about CSR performance. Specifically, the presence of foreign directors is positively associated with environmental performance and community involvement, whereas CSR-Governance dimension is positively associated with the presence of independent directors. Regarding the director’s educational level, post-graduated directors are positively and significantly associated with overall CSR score and all CSR sub-scores, except the corporate governance one. When directors have multiple directorships, they are more concerned about human resources, environmental performance, and business ethics. Finally, our findings are robust only in non-family firms. In fact, family boards are less diverse than non-family ones; specifically, they have a lower number of independent, foreign, and high-educated directors.

161 citations

Journal ArticleDOI
TL;DR: This paper investigated the effects of board diversity as a multifaceted phenomenon, specifically nationality and gender diversity on the extent of corporate sustainability performance in a developing country, namely, Palestine over the period 2013 to 2018.

101 citations

Journal ArticleDOI
TL;DR: Wang et al. as mentioned in this paper investigated the relationship among board gender diversity, firm performance, and firm size and found that the gender diversity on the board has a positive impact on firm performance if and only if the value of firm size is less than some critical value.
Abstract: This paper investigates the relationships among board gender diversity, firm performance, and firm size. Our paper provides new insights into the relationship between board gender diversity and firm performance by examining whether firm size alters the impact of board gender diversity on firm performance. We use a panel data from A‐share‐listed non‐financial firms in China to examine the relationship during the period of 2007–2012. Our finding demonstrates that the gender diversity on the board has a positive impact on firm performance if and only if the value of firm size is less than some critical value. In addition, we also find that firm size may undermine the positive impact of board gender diversity on firm performance. This paper contributes to the literature by offering a contingency approach to examine the relationship between board gender diversity and firm performance as well as shedding light on the relationship in the context of a developing economy.

89 citations

Journal ArticleDOI
TL;DR: In this paper, the authors examined how business group affiliation influences the relationship between board diversity and firm performance as a contextual/confounding factor, and found that board demographic diversity is positively associated with the firm performance (Tobin's Q) of standalone firms, but this association is negative for group-affiliated firms.

88 citations

References
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Journal ArticleDOI
TL;DR: In this article, the authors synthesize these previously fragmented literatures around a more general "upper echelons perspective" and claim that organizational outcomes (strategic choices and performance levels) are partially predicted by managerial background characteristics.
Abstract: Theorists in various fields have discussed characteristics of top managers. This paper attempts to synthesize these previously fragmented literatures around a more general “upper echelons perspective.” The theory states that organizational outcomes—strategic choices and performance levels—are partially predicted by managerial background characteristics. Propositions and methodological suggestions are included.

11,022 citations

Journal ArticleDOI
TL;DR: In this paper, the authors present evidence consistent with theories that small boards of directors are more effective, using Tobin's Q as an approximation of market valuation, and find an inverse association between board size and firm value in a sample of 452 large U.S. industrial corporations.

6,611 citations

Journal ArticleDOI
TL;DR: This article found that measures of board and ownership structure explain a significant amount of cross-sectional variation in CEO compensation, after controlling for standard economic determinants of pay, and that CEOs earn greater compensation when governance structures are less effective.

3,451 citations

Journal ArticleDOI
TL;DR: Turnover is generated by the existence of a nondegenerate distribution of the worker's productivity across different jobs as discussed by the authors, caused by the assumed variation in the quality of the employee-employer match.
Abstract: A long-run equilibrium theory of turnover is presented and is shown to explain the important regularities that have been observed by empirical investigators. A worker's productivity in a particular job is not known ex ante and becomes known more precisely as the worker's job tenure increases. Turnover is generated by the existence of a nondegenerate distribution of the worker's productivity across different. The nondegeneracy is caused by the assumed variation in the quality of the worker-employer match.

3,238 citations

Journal ArticleDOI
TL;DR: In this article, the authors explore the case for a general threat-rigidity effect in individual, group, and organizational behavior, showing a restriction in information processing and constriction of control under threat conditions.
Abstract: The authors wish to thank Jeanne Brett, Larry Cummings, Joanne Martin, J. P. Miller, and the anonymousASQ reviewers for their insightful comments on an earlier version of this paper. This paper explores the case for a general threat-rigidity effect in individual, group, and organizational behavior. Evidence from multiple levels of analysis is summarized, showing a restriction in information processing and constriction of control under threat conditions. Possible mechanisms underlying such a multiple-level effect are explored, as are its possible functional and dysfunctional consequences.

3,135 citations