Board Openness During an Economic Crisis

Verfasser / Beitragende:
[Sunny Sun, Jigao Zhu, Kangtao Ye]
Ort, Verlag, Jahr:
2015
Enthalten in:
Journal of Business Ethics, 129/2(2015-06-01), 363-377
Format:
Artikel (online)
ID: 605486220
LEADER caa a22 4500
001 605486220
003 CHVBK
005 20210128100444.0
007 cr unu---uuuuu
008 210128e20150601xx s 000 0 eng
024 7 0 |a 10.1007/s10551-014-2164-1  |2 doi 
035 |a (NATIONALLICENCE)springer-10.1007/s10551-014-2164-1 
245 0 0 |a Board Openness During an Economic Crisis  |h [Elektronische Daten]  |c [Sunny Sun, Jigao Zhu, Kangtao Ye] 
520 3 |a Does a board with greater gender diversity make better investment decisions? Drawing on Austrian economic cycle theory and work groups theory, we argue that such board openness will help male board members to overcome gender biases, discrimination, and conflicts; integrate different perspectives under the economic cycle and crisis; and foster an environment in which better decisions are made. The results of an empirical study of 14,609 firm-quarter observations from 1,555 listed firms in China between 2007 and 2009 strongly support our arguments. We find that a Chinese board is more likely to accept female directorship during an economic crisis than during an economic prosperity stage. Boards with greater gender diversity are more likely to make tough, counter-cyclical investments to improve firm performance during a crisis. Our study enriches the board decision-making literature by exploring the impacts of board gender diversity on firm performance within the context of an economic crisis. The results of our study also carry significant managerial implications for overcoming gender stereotypes, biases, and prejudices on a board. 
540 |a Springer Science+Business Media Dordrecht, 2014 
690 7 |a Gender biases  |2 nationallicence 
690 7 |a Female directors  |2 nationallicence 
690 7 |a Board decision making  |2 nationallicence 
690 7 |a Economic crisis  |2 nationallicence 
700 1 |a Sun  |D Sunny  |u Henry W. Bloch School of Management, University of Missouri - Kansas City, 5100 Rockhill Road, 64110-2499, Kansas City, MO, USA  |4 aut 
700 1 |a Zhu  |D Jigao  |u The Center for Finance and Accounting Research/ Business School, University of International Business and Economics, Chaoyang, 100029, Beijing, China  |4 aut 
700 1 |a Ye  |D Kangtao  |u The Business School, Renmin University of China, Haidian, 100872, Beijing, China  |4 aut 
773 0 |t Journal of Business Ethics  |d Springer Netherlands  |g 129/2(2015-06-01), 363-377  |x 0167-4544  |q 129:2<363  |1 2015  |2 129  |o 10551 
856 4 0 |u https://doi.org/10.1007/s10551-014-2164-1  |q text/html  |z Onlinezugriff via DOI 
898 |a BK010053  |b XK010053  |c XK010000 
900 7 |a Metadata rights reserved  |b Springer special CC-BY-NC licence  |2 nationallicence 
908 |D 1  |a research-article  |2 jats 
949 |B NATIONALLICENCE  |F NATIONALLICENCE  |b NL-springer 
950 |B NATIONALLICENCE  |P 856  |E 40  |u https://doi.org/10.1007/s10551-014-2164-1  |q text/html  |z Onlinezugriff via DOI 
950 |B NATIONALLICENCE  |P 700  |E 1-  |a Sun  |D Sunny  |u Henry W. Bloch School of Management, University of Missouri - Kansas City, 5100 Rockhill Road, 64110-2499, Kansas City, MO, USA  |4 aut 
950 |B NATIONALLICENCE  |P 700  |E 1-  |a Zhu  |D Jigao  |u The Center for Finance and Accounting Research/ Business School, University of International Business and Economics, Chaoyang, 100029, Beijing, China  |4 aut 
950 |B NATIONALLICENCE  |P 700  |E 1-  |a Ye  |D Kangtao  |u The Business School, Renmin University of China, Haidian, 100872, Beijing, China  |4 aut 
950 |B NATIONALLICENCE  |P 773  |E 0-  |t Journal of Business Ethics  |d Springer Netherlands  |g 129/2(2015-06-01), 363-377  |x 0167-4544  |q 129:2<363  |1 2015  |2 129  |o 10551