Cultural diversity in German boards

U. Braendle, M. Stiglbauer

Publikation: Beitrag in FachzeitschriftArtikelBegutachtung


The rise of MNCs, the expansion of the EU and several M&As have exposed German boards to a variety of cultures. But does diversity in the boardrooms improve performance? Based on an empirical study on German publicly listed companies, this unique research into cultural diversity answers the question if the level of cultural variety and cultural distance on boards of directors have an influence on firm performance in Germany. The results, which show a negative, linear influence of both cultural variety and cultural distance on operating performance measures, show empirical support for the importance of contextual factors in the relationship between diversity and performance. The authors ask for careful consideration before implementing regulations on board diversity. © Udo Braendle, Markus Stiglbauer, 2017.
Seiten (von - bis)179-182
FachzeitschriftProblems and Perspectives in Management
PublikationsstatusVeröffentlicht - 27 Okt. 2017
Extern publiziertJa


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