Corporate board diversity and firm performance - evidence from the Nordics
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School of Business |
Bachelor's thesis
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Authors
Date
2022
Department
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Mcode
Degree programme
Rahoitus
Language
fi
Pages
22+10
Series
Abstract
In this thesis I study the effects of diversity of the board of directors on the firm performance indicators, ROA and Tobin’s Q. The data used, is based on 124 Nordic companies from the year 2021. Using a multidimensional definition of diversity, I find no robust and significant connection between diversity and firm performance in the Nordics. However, I do find evidence suggesting that gender diversity has a negative relationship with ROA, but this result is not consistent between my samples, suggesting at most a loose relationship.Description
Thesis advisor
Log, MatthijsKeywords
Diversity, Firm performance, corporate governance, board of directors