Board diversity and corporate performance
the Indian evidence
Jhunjhunwala, S., & Mishra, R.K. (2012). Board diversity and corporate performance: the Indian evidence. IUP Journal of Corporate Governance 11 (pp. 71-80)
The paper examines whether board diversity improves corporate performance by considering different parameters of diversity such as gender, age, tenure, nationality, educational background and experience of the directors. No significant link between board heterogeneity and financial performance in Indian firms is found. The possible explanation for this may be that diversity in teams often leads to conflicts, adversely affecting performance unless properly managed.