Empirical Analysis on Board Diversity
This chapter develops the empirical analysis with the final aim to support the new conceptual model proposed. Specifically, to construct the model, we analyse the various features of diversity (namely age, tenure, gender, nationality, level of education,
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Corporate Governance and Diversity in Boardrooms
Barbara Sveva Magnanelli · Luca Pirolo
Corporate Governance and Diversity in Boardrooms Empirical Insights into the Impact on Firm Performance
Barbara Sveva Magnanelli Department of Business Administration John Cabot University Rome, Italy
Luca Pirolo Luiss Business School LUISS Guido Carli University Rome, Italy
ISBN 978-3-030-56119-2 ISBN 978-3-030-56120-8 (eBook) https://doi.org/10.1007/978-3-030-56120-8 © The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Switzerland AG 2021 This work is subject to copyright. All rights are solely and exclusively licensed by the Publisher, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfilms or in any other physical way, and transmission or information storage and retrieval, electronic adaptation, computer software, or by similar or dissimilar methodology now known or hereafter developed. The use of general descriptive names, registered names, trademarks, service marks, etc. in this publication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant protective laws and regulations and therefore free for general use. The publisher, the authors and the editors are safe to assume that the advice and information in this book are believed to be true and accurate at the date of publication. Neither the publisher nor the authors or the editors give a warranty, expressed or implied, with respect to the material contained herein or for any errors or omissions that may have been made. The publisher remains neutral with regard to jurisdictional claims in published maps and institutional affiliations. This Palgrave Macmillan imprint is published by the registered company Springer Nature Switzerland AG The registered company address is: Gewerbestrasse 11, 6330 Cham, Switzerland
“To my grandmothers, who will always be in my heart and my memories. To my parents, who always allowed me to flight high” —Barbara Sveva Magnanelli “To my beloved kids, Tommaso, Riccardo and Giacomo, the joy of my life” —Luca Pirolo
Acknowledgements
The authors wish to acknowledge the referees for their precious advices, through which they were able to enhance the quality of this work, and the financial support of Luiss Business School.
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Contents
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Introduction Barbara Sveva Magnanelli and Luca Pirolo 1.1 Introduction to Board Diversity References
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Corporate Boards Luca Pirolo 2.1 Corporate Governance and Board of Directors 2.2 Board of Directors: What Are They and Why Do They Exist? 2.3 The Role of the Board of Directors: Theoretical Background 2.3.1 The Agency Theory 2.3.2 The Stakeholder Theory 2.3.3 The Stewardship Theory 2.3.4 The Resource Dependence Theory 2.3.5 The Institutional Theory 2.4 Board Features 2.5 What Are the Features of Good Board Performance? References
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