The importance of diversity on boards of directors’ effectiveness and its impact on innovativeness in the bioeconomy
| Autor: | Jorma Eloranta, Peter Topping, Marko Hakovirta, Navodya Denuwara, Sivashankari Bharathi |
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| Rok vydání: | 2020 |
| Předmět: |
050208 finance
General Arts and Humanities 05 social sciences Social Sciences General Social Sciences Organizational culture General Business Management and Accounting Body of knowledge AZ20-999 0502 economics and business History of scholarship and learning. The humanities Business General Economics Econometrics and Finance 050203 business & management General Psychology Industrial organization Diversity (business) |
| Zdroj: | Humanities & Social Sciences Communications, Vol 7, Iss 1, Pp 1-9 (2020) |
| ISSN: | 2662-9992 |
| DOI: | 10.1057/s41599-020-00605-9 |
| Popis: | A company’s board of directors plays a critical role in making decisions relating to strategy, high-level structure, and the appointment of the CEO. The role of the board and its impact on corporate performance has been well studied; however, the diversity of the board of directors and the corresponding correlation to the level of corporate innovativeness has not been previously investigated. Here, we provide a critical analysis of board members’ diversity as it relates to innovative corporations in what is considered a mature industry in transition to a bioeconomy: the pulp and paper industry. Our findings contribute to the body of knowledge on the role of board member diversity in shaping company culture and how that drives, shapes, and sustains innovation. |
| Databáze: | OpenAIRE |
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