Measuring board diversity: A systematic literature review of data sources, constructs, pitfalls, and suggestions for future research
Publikation: Beiträge in Zeitschriften › Übersichtsarbeiten › Forschung
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in: Corporate Social Responsibility and Environmental Management, Jahrgang 31, Nr. 2, 03.2024, S. 977-992.
Publikation: Beiträge in Zeitschriften › Übersichtsarbeiten › Forschung
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TY - JOUR
T1 - Measuring board diversity
T2 - A systematic literature review of data sources, constructs, pitfalls, and suggestions for future research
AU - Behlau, Hendrik
AU - Wobst, Janice
AU - Lueg, Rainer
N1 - Publisher Copyright: © 2023 The Authors. Corporate Social Responsibility and Environmental Management published by ERP Environment and John Wiley & Sons Ltd.
PY - 2024/3
Y1 - 2024/3
N2 - The purpose of this systematic literature review is to provide a comprehensive overview of the methods used to measure board diversity. We develop a framework to structure empirical studies and develop an agenda for future research. We selected 61 empirical articles from an initial sample of 1035. This study discusses the different data collection methods. We group director and board attributes into the constructs of structural, demographic, and cognitive diversity. We identify four different approaches to combining and measuring diversity: non-index, single-index, cross-indices, and inter-indices. We find that measuring board diversity requires a mixture of archival and primary research, as well as various methods such as applying indices, constructing heterogeneity scores, and using machine learning approaches to infer directors' attributes. We contribute to research by providing a framework that structures measuring techniques for board diversity, a future research agenda, and insights on potential window-dressing.
AB - The purpose of this systematic literature review is to provide a comprehensive overview of the methods used to measure board diversity. We develop a framework to structure empirical studies and develop an agenda for future research. We selected 61 empirical articles from an initial sample of 1035. This study discusses the different data collection methods. We group director and board attributes into the constructs of structural, demographic, and cognitive diversity. We identify four different approaches to combining and measuring diversity: non-index, single-index, cross-indices, and inter-indices. We find that measuring board diversity requires a mixture of archival and primary research, as well as various methods such as applying indices, constructing heterogeneity scores, and using machine learning approaches to infer directors' attributes. We contribute to research by providing a framework that structures measuring techniques for board diversity, a future research agenda, and insights on potential window-dressing.
KW - board attributes
KW - board diversity
KW - cognitive characteristics
KW - measurement
KW - structural characteristics
KW - systematic literature review
KW - Management studies
UR - http://www.scopus.com/inward/record.url?scp=85171289790&partnerID=8YFLogxK
UR - https://www.mendeley.com/catalogue/9a169df7-caae-34a6-8b2c-547eada6ebcc/
U2 - 10.1002/csr.2620
DO - 10.1002/csr.2620
M3 - Scientific review articles
AN - SCOPUS:85171289790
VL - 31
SP - 977
EP - 992
JO - Corporate Social Responsibility and Environmental Management
JF - Corporate Social Responsibility and Environmental Management
SN - 1535-3958
IS - 2
ER -