Board diversity can influence performance. Our research analyses the relationship between corporate efficiency and board diversity in European listed manufacturing companies for the year 2015 (n = 451). In particular, we investigate the effects on profitability efficiency of gender inclusion, i.e. the inclusion of women, as well as foreigners on boards as diversity management variables. In order to assess the profitability efficiency, we rely on a non-oriented, slack-based model (SBM) for Data Envelopment Analysis (DEA), and a logistic regression analysis (Logit) to identify the effect of diversity management variables. The results demonstrate that the increased presence of women on boards is associated with a higher probability for greater relative efficiency in those countries without mandatory gender regulation. The increased presence of foreigners on boards, however, is associated with a lower probability of above-average efficiency. To the best of our knowledge, this is the first combined application of a non-oriented, SMB DEA model and logistic regression.

Board diversity and efficiency evaluation. Evidence from European listed manufacturing companies.

ALFIERO, SIMONA;CANE, Massimo;DORONZO, RUGGIERO;ESPOSITO, ALFREDO
2017

Abstract

Board diversity can influence performance. Our research analyses the relationship between corporate efficiency and board diversity in European listed manufacturing companies for the year 2015 (n = 451). In particular, we investigate the effects on profitability efficiency of gender inclusion, i.e. the inclusion of women, as well as foreigners on boards as diversity management variables. In order to assess the profitability efficiency, we rely on a non-oriented, slack-based model (SBM) for Data Envelopment Analysis (DEA), and a logistic regression analysis (Logit) to identify the effect of diversity management variables. The results demonstrate that the increased presence of women on boards is associated with a higher probability for greater relative efficiency in those countries without mandatory gender regulation. The increased presence of foreigners on boards, however, is associated with a lower probability of above-average efficiency. To the best of our knowledge, this is the first combined application of a non-oriented, SMB DEA model and logistic regression.
7th Global Innovation and Knowledge Academy (GIKA) Conference
Lisbona
28-30 giugno 2017
7th GIKA Conference Proceedings "Innovation, Knowledge, Judgment and Decision-Making as Virtuous Cycles.
Thomson Reuters
63
64
978-84-9152-227-0
http://www.gika-academy.com/gika-2017-lisbon/
Corporate performance, Board diversity, Gender diversity, National diversity, Profitability efficiency, DEA.
Alfiero Simona; Cane Massimo; Doronzo Ruggiero; Esposito Alfredo
File in questo prodotto:
File Dimensione Formato  
Board diversity and efficiency evaluation - 2017 (Alfiero - Cane - Doronzo - Esposito).pdf

Accesso aperto

Tipo di file: PDF EDITORIALE
Dimensione 1.52 MB
Formato Adobe PDF
1.52 MB Adobe PDF Visualizza/Apri

I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.

Utilizza questo identificativo per citare o creare un link a questo documento: http://hdl.handle.net/2318/1644130
Citazioni
  • ???jsp.display-item.citation.pmc??? ND
  • Scopus ND
  • ???jsp.display-item.citation.isi??? ND
social impact