Does board diversity matter for innovation performance? Evidence from the world's most innovative firms

Souad Brinette, Sabrina Khemiri () and Ramzi Belkacemi
Additional contact information
Souad Brinette: EDC - EDC Paris Business School
Sabrina Khemiri: LITEM - Laboratoire en Innovation, Technologies, Economie et Management (EA 7363) - UEVE - Université d'Évry-Val-d'Essonne - Université Paris-Saclay - IMT-BS - Institut Mines-Télécom Business School - IMT - Institut Mines-Télécom [Paris], IMT-BS - DEFI - Département Droit, Économie et Finances - TEM - Télécom Ecole de Management - IMT - Institut Mines-Télécom [Paris] - IMT-BS - Institut Mines-Télécom Business School - IMT - Institut Mines-Télécom [Paris]
Ramzi Belkacemi: ULaval - Université Laval [Québec]

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Abstract: In this paper, we study the impact of board diversity, considering both surface-level (gender and ethnic) and deep-level (educational and functional) diversity, on innovation performance. To empirically assess this impact, we collect data on the world's 100 most innovative companies according to Forbes 2018' ranking. The results suggest that gender diversity and ethnic diversity do not influence innovation performance. We also find that moderating gender and ethnic diversities by knowledge (educational and functional diversity) do not impact innovation performance. However, the results show that board size, as well as firms' sector and region, have a significant influence on innovation performance.

Keywords: Innovation performance; Performance innovation; Surface-level (gender and ethnic); Deep-level (educational and functional) (search for similar items in EconPapers)
Date: 2020-12
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Published in International Journal of Business Management and Economic Review, 2020, 03 (06), pp.181-192. ⟨10.35409/IJBMER.2020.3220⟩

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-03140414

DOI: 10.35409/IJBMER.2020.3220

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