Board Diversity as a Shield During the Financial Crisis

Peter-Jan Engelen, Annette Berg and Gerwin Laan
Additional contact information
Annette Berg: Utrecht University School of Economics
Gerwin Laan: Utrecht University School of Economics

A chapter in Corporate Governance, 2012, pp 259-285 from Springer

Abstract: Abstract This chapter examines the link between board diversity and firm financial performance for a sample of Dutch listed companies during the recent financial crisis. We examine seven dimensions of diversity: nationality diversity, gender diversity, diversity with respect to the level of education, diversity with respect to the field of education, expertise diversity, socioeconomic background diversity and age diversity. Our empirical results show a hyperbolic relation between the focal variables age diversity, expertise diversity and background diversity and firm financial performance. We also find that gender diversity, nationality diversity and diversity with respect to education have no impact on firm performance during crisis times. Our empirical results show that focusing on only one dimension of the full diversity vector or on linear effects only can lead to detrimental economic effects.

Keywords: Corporate Governance; Firm Performance; Board Member; Total Asset; Gender Diversity (search for similar items in EconPapers)
Date: 2012
References: Add references at CitEc
Citations: View citations in EconPapers (3)

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

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:spr:sprchp:978-3-642-31579-4_11

Ordering information: This item can be ordered from
http://www.springer.com/9783642315794

DOI: 10.1007/978-3-642-31579-4_11

Access Statistics for this chapter

More chapters in Springer Books from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().