Board diversity and corporate innovation: New evidence from the Canadian context

Zahra Abtahi, Imed Chkir and Ramzi Benkraiem

Finance Research Letters, 2023, vol. 55, issue PA

Abstract: Previous research on board diversity and firms’ innovation reported mixing results depending on the country studied. This paper is the first to investigate the association between three dimensions of board diversity: gender, education and tenure, and the innovation output of Canadian firms. We find that firms that have more than twenty-five percent of the board members as women are more innovative and corporate risk-taking is a mechanism for this effect. Board education diversity has a positive effect on innovation; however, we find no association between firms’ innovation and the experience diversity on the board or in the company.

Keywords: Innovation; Board diversity; Patents; Canada; Risk-taking; Corporate governance (search for similar items in EconPapers)
JEL-codes: G30 O30 (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S154461232300199X
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:55:y:2023:i:pa:s154461232300199x

DOI: 10.1016/j.frl.2023.103826

Access Statistics for this article

Finance Research Letters is currently edited by R. Gençay

More articles in Finance Research Letters from Elsevier
Bibliographic data for series maintained by Catherine Liu ().