Board of Director Diversity and Firm Financial Performance

@article{Erhardt2003BoardOD,
  title={Board of Director Diversity and Firm Financial Performance},
  author={Niclas Erhardt and J. Werbel and Charles B. Shrader},
  journal={Corporate Governance: An International Review},
  year={2003},
  volume={11},
  pages={102-111}
}
This study examines the relationship between demographic diversity on boards of directors with firm financial performance. This relationship is examined using 1993 and 1998 financial performance data (return on asset and investment) and the percentage of women and minorities on boards of directors for 127 large US companies. Correlation and regression analyses indicate board diversity is positively associated with these financial indicators of firm performance. Implications for both strategic… Expand
1,233 Citations

Tables from this paper

Board Diversity and Firm Performance: The Indonesian Evidence
  • 117
  • Highly Influenced
  • PDF
BOARD DIVERSITY AND FIRM PERFORMANCE : THE INDONESIAN EVIDENCE
  • Lapangan Banteng Timur
  • 2017
  • 42
  • Highly Influenced
  • PDF
The Characteristics of Women Directors: Firm Performance and Information Quality
Board Diversity and Firm's Financial Performance: Evidence from South-East Asia
  • Highly Influenced
...
1
2
3
4
5
...

References

SHOWING 1-10 OF 42 REFERENCES
Boards of Directors and Corporate Financial Performance: A Review and Integrative Model
  • 2,239
Company Size, Board Size and Numbers of Women Corporate Directors
  • 66
Building the Business Case for Women Corporate Directors
  • 192
Top management group heterogeneity and firm performance
  • 601
  • Highly Influential
Strategic Clarity in Banking: Role of Top Management-Team Demography
  • 93
Women Corporate Directors in the United States
  • 86
  • Highly Influential
The relationship of board member diversity to organizational performance
  • 369
Women on Corporate Boards of Directors: Where do We go from Here?
  • 36
...
1
2
3
4
5
...