The impact of board gender diversity and national culture on corporate innovation: A multi-country analysis of multinational corporations operating in emerging economies

Rexford Attah-Boakye; Kweku Adams; Danson Kimani; Subhan Ullah

doi:10.1016/j.techfore.2020.120247

The impact of board gender diversity and national culture on corporate innovation: A multi-country analysis of multinational corporations operating in emerging economies

Rexford Attah-Boakye, Kweku Adams^*, Danson Kimani, Subhan Ullah

^*Corresponding author for this work

The York Management School

Research output: Contribution to journal › Article › peer-review

Abstract

This paper contributes to burgeoning research concerning the relationship between boardroom gender diversity and corporate innovation. The paper deploys a multi-theoretical framework comprising insights from the upper echelons, resource-dependency, and institutional theories, and the Hofstede's cultural dimensions framework. We test a panel dataset for 472 multinationals in 21 emerging economies, covering nine years (2009–2018). Our findings reveal that gender diversity is positively associated with corporate innovation. We also find that local factors such as national norms, cultural values, and country-level institutional quality influence boardroom gender diversity, level of investment in research and development (R&D), and corporate innovation. The paper concludes by providing policy and managerial recommendations on how to promote firm R&D within emerging markets contexts.

Original language	English
Article number	120247
Number of pages	11
Journal	Technological Forecasting and Social Change
Volume	161
Early online date	22 Aug 2020
DOIs	https://doi.org/10.1016/j.techfore.2020.120247
Publication status	Published - Dec 2020

Keywords

Emerging economies
Firm innovation
Gender diversity
Institutional environment
Multinational corporations (MNCs)
National culture

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10.1016/j.techfore.2020.120247

Cite this

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abstract = "This paper contributes to burgeoning research concerning the relationship between boardroom gender diversity and corporate innovation. The paper deploys a multi-theoretical framework comprising insights from the upper echelons, resource-dependency, and institutional theories, and the Hofstede's cultural dimensions framework. We test a panel dataset for 472 multinationals in 21 emerging economies, covering nine years (2009–2018). Our findings reveal that gender diversity is positively associated with corporate innovation. We also find that local factors such as national norms, cultural values, and country-level institutional quality influence boardroom gender diversity, level of investment in research and development (R&D), and corporate innovation. The paper concludes by providing policy and managerial recommendations on how to promote firm R&D within emerging markets contexts.",

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The impact of board gender diversity and national culture on corporate innovation: A multi-country analysis of multinational corporations operating in emerging economies. / Attah-Boakye, Rexford; Adams, Kweku; Kimani, Danson et al.
In: Technological Forecasting and Social Change, Vol. 161, 120247, 12.2020.

Research output: Contribution to journal › Article › peer-review

TY - JOUR

T1 - The impact of board gender diversity and national culture on corporate innovation

T2 - A multi-country analysis of multinational corporations operating in emerging economies

AU - Attah-Boakye, Rexford

AU - Adams, Kweku

AU - Kimani, Danson

AU - Ullah, Subhan

PY - 2020/12

Y1 - 2020/12

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AB - This paper contributes to burgeoning research concerning the relationship between boardroom gender diversity and corporate innovation. The paper deploys a multi-theoretical framework comprising insights from the upper echelons, resource-dependency, and institutional theories, and the Hofstede's cultural dimensions framework. We test a panel dataset for 472 multinationals in 21 emerging economies, covering nine years (2009–2018). Our findings reveal that gender diversity is positively associated with corporate innovation. We also find that local factors such as national norms, cultural values, and country-level institutional quality influence boardroom gender diversity, level of investment in research and development (R&D), and corporate innovation. The paper concludes by providing policy and managerial recommendations on how to promote firm R&D within emerging markets contexts.

KW - Emerging economies

KW - Firm innovation

KW - Gender diversity

KW - Institutional environment

KW - Multinational corporations (MNCs)

KW - National culture

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DO - 10.1016/j.techfore.2020.120247

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The impact of board gender diversity and national culture on corporate innovation: A multi-country analysis of multinational corporations operating in emerging economies

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Keywords

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