Assessing the Impact of Diversity, Corporate Governance and Management Demographics on Firm Performance

Journal of Law and Financial Management, Vol. 9, No. 1, pp. 14-27, June 2010

19 Pages Posted: 13 Feb 2011

See all articles by Owen P. Hall

Owen P. Hall

Pepperdine University - Graziadio School of Business and Management

Date Written: February 10, 2011

Abstract

Assembling the right management team is a challenging and complex process in today’s global economy. The recent worldwide financial meltdown has simply underscored the importance of a far-sighted and balanced management organisation. The characteristics and composition of the management team along with effective corporate governance policies can also play a role in addressing these challenges. The purpose of this paper is to illustrate how analytical modeling can be used in helping shape organisational teams. A panel data analysis of S&P 1500 firms for the period 2004 to 2007 was performed. The results from the analysis show that management team diversity and commitment to good corporate governance both have a positive impact on firm performance as measured by Tobin’s Q.

Keywords: finance, law

JEL Classification: M40, M41

Suggested Citation

Hall, Owen P., Assessing the Impact of Diversity, Corporate Governance and Management Demographics on Firm Performance (February 10, 2011). Journal of Law and Financial Management, Vol. 9, No. 1, pp. 14-27, June 2010, Available at SSRN: https://ssrn.com/abstract=1759220

Owen P. Hall (Contact Author)

Pepperdine University - Graziadio School of Business and Management ( email )

Malibu, CA
United States

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