caa a22 4500 605486220 CHVBK 20210128100444.0 cr unu---uuuuu 210128e20150601xx s 000 0 eng 10.1007/s10551-014-2164-1 doi (NATIONALLICENCE)springer-10.1007/s10551-014-2164-1 Board Openness During an Economic Crisis [Elektronische Daten] [Sunny Sun, Jigao Zhu, Kangtao Ye] 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. Springer Science+Business Media Dordrecht, 2014 Gender biases nationallicence Female directors nationallicence Board decision making nationallicence Economic crisis nationallicence Sun Sunny Henry W. Bloch School of Management, University of Missouri - Kansas City, 5100 Rockhill Road, 64110-2499, Kansas City, MO, USA aut Zhu Jigao The Center for Finance and Accounting Research/ Business School, University of International Business and Economics, Chaoyang, 100029, Beijing, China aut Ye Kangtao The Business School, Renmin University of China, Haidian, 100872, Beijing, China aut Journal of Business Ethics Springer Netherlands 129/2(2015-06-01), 363-377 0167-4544 129:2<363 2015 129 10551 https://doi.org/10.1007/s10551-014-2164-1 text/html Onlinezugriff via DOI BK010053 XK010053 XK010000 Metadata rights reserved Springer special CC-BY-NC licence nationallicence 1 research-article jats NATIONALLICENCE NATIONALLICENCE NL-springer NATIONALLICENCE 856 40 https://doi.org/10.1007/s10551-014-2164-1 text/html Onlinezugriff via DOI NATIONALLICENCE 700 1- Sun Sunny Henry W. Bloch School of Management, University of Missouri - Kansas City, 5100 Rockhill Road, 64110-2499, Kansas City, MO, USA aut NATIONALLICENCE 700 1- Zhu Jigao The Center for Finance and Accounting Research/ Business School, University of International Business and Economics, Chaoyang, 100029, Beijing, China aut NATIONALLICENCE 700 1- Ye Kangtao The Business School, Renmin University of China, Haidian, 100872, Beijing, China aut NATIONALLICENCE 773 0- Journal of Business Ethics Springer Netherlands 129/2(2015-06-01), 363-377 0167-4544 129:2<363 2015 129 10551