Board Heterogeneity, Diversification Strategy and Firm Value

DOI

10.2991/ichssr-16.2016.28How to use a DOI?

Keywords

board, heterogeneity, diversification, firm value

Abstract

Taking nonfinancial companies listed on Shanghai or Shenzhen stock exchange as the sample, the paper studies the relationship between board heterogeneity, diversification strategy and firm value. Empirical research shows that board occupational heterogeneity is positively related to corporate diversification and firm value, whereas social heterogeneity is negatively related to them; diversification strategy works partly as a mediator between board heterogeneity and firm value. The policy implication is that effective board construction should care more about reasonable allocation of board members' social or occupational features, so as to make the fullest use of the benefits of team heterogeneity via strategic role implementation.

Copyright

© 2016, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Bei Ye
PY  - 2016/07
DA  - 2016/07
TI  - Board Heterogeneity, Diversification Strategy and Firm Value
BT  - Proceedings of 2016 2nd International Conference on Humanities and Social Science Research (ICHSSR 2016)
PB  - Atlantis Press
SP  - 124
EP  - 134
SN  - 2352-5398
UR  - https://doi.org/10.2991/ichssr-16.2016.28
DO  - 10.2991/ichssr-16.2016.28
ID  - Ye2016/07
ER  -