Board Diversity and Firm Performance (이사회 다양성과 기업성과)

Oona Cha (차운아); JUNG, TAEHUN (정태훈)

Board Diversity and Firm Performance

Journal of Regulation Studies
2014, 23(1), pp.131-164
Publisher : 한국규제학회
Research Area : Social Science > Public Administration

Oona Cha ¹, JUNG, TAEHUN ²

¹중앙대학교
²경북대학교

Accredited

ABSTRACT

This study investigates the effect of board diversity on firm performance in Korean manufacturing firms. Board diversity is defined in terms of the composition of directors’ age, university, and academic major and six diversity indices are adopted for this analysis. First, it is found that increase in board size does not lead to increase in board diversity. This finding shows that the positive relationship between board size and board diversity that previous papers have asserted does not apply to Korean firms. Second, diversity in directors’ academic majors is found to affect firm performance negatively; however, diversity in terms of age and university are not found to affect firm performance.

KEYWORDS

Board of Directors, Diversity, Firm Performance

Citation status

* References for papers published after 2023 are currently being built.

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Journal Central

Journal of Regulation Studies 2023 KCI Impact Factor : 0.78