The study by Carter et al. “Corporate Governance, Board Diversity, and Firm Value” finds that after taking into account industry, size, and other measures:

Question

Answer

the fraction of women on the board and firm value is positively related

Answer

the fraction of women on the board causes higher firm value

Answer

the fraction of ethnic and racial minority board members is negatively correlated with firm value

Answer

the percentage of female employees predicts a higher firm value

Crowdly

The study by Carter et al. “Corporate Governance, Board Diversity, and Firm Valu...

Want instant access to all verified answers on learning.monash.edu?