The effects of boardroom diversity on firm profitability - evidence from Nordic stock listed companies in the ICT industry

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dc.contributor Aalto University en
dc.contributor Aalto-yliopisto fi
dc.contributor.advisor Ikäheimo, Seppo Suomalainen, Joanna 2018-03-28T12:37:06Z 2018-03-28T12:37:06Z 2017
dc.description.abstract Objectives and scope of the study The purpose of this study is to evaluate the effects of boardroom diversity on firm profitability. In this study, diversity is measured with gender, age, education, professional background, nationality, and independence. The study is conducted for the years 2010-2015 with data from stock listed companies operating in the ICT industry in the Nordic countries. The study includes four of the five Nordic countries, i.e. Denmark, Finland, Norway and Sweden, as the data required to conduct the study was not available for Iceland. Research methods The data for this study is collected from the years 2010-2015 from companies operating in the ICT sector listed in either Nasdaq OMX Helsinki, Nasdaq OMX Stockholm, Oslo Børs, or Nasdaq OMX Copenhagen. The data is collected from the companies’ annual reports and from the ORBIS database. The collected data was formulated to a panel data set containing 300 observations. The empirical study is conducted as a statistical analysis, using correlation analysis and multiple linear regression analysis. In the regression analysis, the independent variable is the overall diversity index and its individual diversity factor indexes, i.e. gender diversity, age diversity, diversity in the level of education, diversity in the field of education, diversity in professional background, nationality diversity, and diversity in board independence. The dependent variable is the profitability of the company. The profitability measures used in this study are return on assets (ROA) and profit margin. Results of the study The descriptive statistics of this study show that gender diversity and nationality diversity have increased during the studied period 2010-2015. However, the regression analysis indicates that the overall boardroom diversity, diversity in field of education, and nationality diversity have negative impacts on firm profitability. On the other hand, the analysis indicates that diversity in independence has a positive effect on firm profitability. Additionally, the regression analyses conducted individually for Finland and Sweden show that there are differences in the effects of boardroom diversity on firm profitability between these two countries. en
dc.format.extent 75
dc.language.iso en en
dc.title The effects of boardroom diversity on firm profitability - evidence from Nordic stock listed companies in the ICT industry en
dc.type G2 Pro gradu, diplomityö fi Kauppakorkeakoulu fi School of Business en
dc.contributor.department Laskentatoimen laitos fi
dc.subject.keyword board of directors en
dc.subject.keyword diversity en
dc.subject.keyword profitability en
dc.subject.keyword Nordics en
dc.subject.keyword ICT industry en
dc.identifier.urn URN:NBN:fi:aalto-201803281810
dc.type.ontasot Master's thesis en
dc.type.ontasot Maisterin opinnäyte fi
dc.programme Accounting en
dc.subject.helecon laskentatoimi fi
dc.subject.helecon kannattavuus fi
dc.subject.helecon johtaminen fi
dc.subject.helecon hallitukset fi
dc.ethesisid 17016
dc.location P1 I fi

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