Board demographic diversity: a review of literature

Kagzi, Muneza; Guha, Mahua

doi:10.1108/jsma-01-2017-0002

Cited by 54 publications

(48 citation statements)

References 102 publications

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“…In line with the views that females are more receptive to expert advice (Kagzi & Guha, 2018), they also see ethical decisions as "beyond business" and outside of ego (Puncheva-Michelotti & Michelotti, 2010;Ryan & Deci, 2017) and their role is more pronounced in firm policies (Chen, Ni et al, 2016); the study associates their presence with EMS adoption. As the study discussed earlier, female directors are greener.…”

Section: Gender and Emssupporting

confidence: 64%

The search for alignment of board gender diversity, the adoption of environmental management systems, and the association with firm performance in Asian firms

Rehman

Orij

Khan

2020

Corp Soc Responsibility Env

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This study examines how board gender diversity can address the challenges to adopt environment management systems (EMS) to improve firm performance. Firstly, drawing on gender socialization and diversity theories, higher board gender diversity motivates firms to adopt EMS. Empirical evidence shows that firms with gender diverse boards are greener. Secondly, the study investigates the maxim that green pays to be green. The empirical findings highlight a positive and statistically significant but economically modest link between EMS and firm financial performance. However, the inclusion of board gender diversity as moderator significantly improves the relationship between EMS and firm performance. In addition, CEO gender is linked to better performance only in firms with low female board diversity. The findings strongly recommend higher board gender diversity as a mechanism to address the challenges of EMS and firm performance simultaneously. The findings are robust to controlling for propensity score matching technique and are different in different approaches.

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Section: Gender and Emssupporting

confidence: 64%

The search for alignment of board gender diversity, the adoption of environmental management systems, and the association with firm performance in Asian firms

Rehman

Orij

Khan

2020

Corp Soc Responsibility Env

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“…We searched for all published documents on board diversity of financial institutions. To provide a comprehensive systematic review of the literature, we follow the SLR methodology of Amrutha and Geetha (2020), Cruz‐González, Rodríguez, and Segovia (2020), and Sulaiman and Mustafa (2020) and rely on Scopus and Web of Science databases to search the following keywords: “board diversity,” “board composition,” “Female director*,” “gender diversity,” “women director*,” “board tenure,” “education* diversity,” “ethnic diversity,” “national* diversity,” “cognitive diversity,” “demographic* diversity,” “bank*,” and “financial institution*.” The board diversity keywords were identified after reviewing the similar publication and definitions of board diversity (i.e., Baker et al, 2020; Galbreath, 2017; Kagzi & Guha, 2018; Khatib et al, 2020; Tingbani et al, 2020). Boardroom diversity is the heterogeneity among the members of boards in terms of age, gender, ethnicity, nationality, education, and experience.…”

Section: Slr Methodologymentioning

confidence: 99%

“…We review the literature using the SLR method. Specifically, the documents were identified after reviewing the similar publication and definitions of board diversity (i.e., Alhossini, Ntim, & Zalata, 2020; Baker et al, 2020; Kagzi & Guha, 2018; Khatib, Abdullah, Hendrawaty, & Yahaya, 2020; Nguyen et al, 2020). We follow the SLR of Baker et al (2020) to detect the papers using keyword search related to board diversity.…”

Section: Introductionmentioning

confidence: 99%

Nudging toward diversity in the boardroom: A systematic literature review of board diversity of financial institutions

et al. 2020

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Going beyond the mere gender diversity in the boardroom, this systematic review comprehensively covers the research on board diversity of financial institutions. More specifically, we cover gender diversity, as well as other characteristics of diversity, such as nationality, age, tenure, experience, education, ethnicity, and religion. A systematic literature review was employed using Scopus and Web of Science databases, covering all publications until May 2020, which resulted in 91 studies from 66 top‐ranked journals in accounting, finance, and economic fields. We analyze them based on the journal, methodology, research construct questions, and theoretical perspectives. Our results highlight the substantial knowledge gaps and the inconsistent findings of prior studies on several aspects of the field, suggesting avenues for further studies in terms of research designs, settings, scope, and theories. We argue that there is a need to explore other board diversity attributes rather than focusing on the gender diversity of the boards of financial institutions to achieve sustainable development. Also, more work is outlined on topics related to board diversity of financial firms that receive limited attention from scholars, such as (but not limited to) environmental performance, capital structure, intellectual capital, innovation and earnings quality of financial institutions, as well as the indirect effect of policy settings.

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“…It also works to serve as per the wishes of their customers and employees (Brammer, Grosvold, & Rayton, 2007). Each of these board diversity categories affects firm-level results through cognition and the recognition of social identity (Kagzi & Guha, 2018). Notably, the concept of board diversity considers the significant phenomenon from the context of literature (Hisham Farag & Mallin, 2016;Rao & Tilt, 2016).…”

Section: Introductionmentioning

confidence: 99%

The Effect of Board Diversity on Real Earnings Management: Empirical Evidence From Jordan

Almashaqbeh¹,

Shaari²,

Abdul-Jabbar³

2019

IJFR

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This study considers the effect of foreign board members and age diversity on real earnings management (REM), by controlling the firm size, leverage and growth. This study employed quantitative methodology and longitudinal data for non-financial business firms, quoted on the Amman Stock Exchange from 2011 to 2015. Data were analysed using descriptive statistics and Panel Corrected Standard Errors (PCSE) regression. This study found that foreign boards member, age diversity, leverage and growth had negative and significant associations with REM. Based on the results, a firm should appoint young members to the board in addition to older members to pave the way to cross-ideology that can deter REM activities. At least one foreign director should exist within the board of directors because a foreign board member has different qualifications and experiences that may help to deter REM practices.

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Board demographic diversity: a review of literature

Cited by 54 publications

References 102 publications

The search for alignment of board gender diversity, the adoption of environmental management systems, and the association with firm performance in Asian firms

The search for alignment of board gender diversity, the adoption of environmental management systems, and the association with firm performance in Asian firms

Nudging toward diversity in the boardroom: A systematic literature review of board diversity of financial institutions

The Effect of Board Diversity on Real Earnings Management: Empirical Evidence From Jordan

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