IDEAS home Printed from https://ideas.repec.org/a/ids/ijbget/v12y2017i1p65-89.html
   My bibliography  Save this article

Does board diversity affect firm performance? Evidence from the Italian financial sector

Author

Listed:
  • Romilda Mazzotta
  • Giovanni Bronzetti
  • Maria Assunta Baldini

Abstract

The aim of the study is to examine the effect of diversity in the board of directors on the performance of the listed Italian financial institutions. The sample is a data set of 177 firm-year observations covering 2011 to 2014. The performance of the firm is measured by Tobin's Q while board diversity is analysed considering the percentage of female and foreign directors on the board (or their conjoint presence as a proxy of overall demographic diversity) and task-diversity is measured by board interlocking directorship and busy directors. Findings suggest that female directors have no effect on firm performance. Foreign directors and interlocking directorship have, instead, a positive statistically significant relationship with performance while we find a negative statistically significant relationship between busy directors and performance. When we consider the overall demographic diversity on the board we observe that it is positively and significantly related to the performance of the financial firm.

Suggested Citation

  • Romilda Mazzotta & Giovanni Bronzetti & Maria Assunta Baldini, 2017. "Does board diversity affect firm performance? Evidence from the Italian financial sector," International Journal of Business Governance and Ethics, Inderscience Enterprises Ltd, vol. 12(1), pages 65-89.
    • Handle: RePEc:ids:ijbget:v:12:y:2017:i:1:p:65-89
    as

    Download full text from publisher

    File URL: http://www.inderscience.com/link.php?id=85244
    Download Restriction: Access to full text is restricted to subscribers.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Yasaman Sarabi & Matthew Smith & Heather McGregor & Dimitris Christopoulos, 2021. "Gendered brokerage and firm performance – An interlock analysis of the UK," International Journal of Productivity and Performance Management, Emerald Group Publishing Limited, vol. 72(2), pages 306-330, June.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ids:ijbget:v:12:y:2017:i:1:p:65-89. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sarah Parker (email available below). General contact details of provider: http://www.inderscience.com/browse/index.php?journalID=70 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.