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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, R.; Adams, K.; Kimani, D.; Ullah, Subhan

Authors

R. Attah-Boakye

K. Adams

D. Kimani

SUBHAN ULLAH SUBHAN.ULLAH@NOTTINGHAM.AC.UK
Associate Professor in Accounting



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.

Journal Article Type Article
Publication Date 2020-12
Journal Technological Forecasting and Social Change
Print ISSN 0040-1625
Publisher Elsevier
Peer Reviewed Peer Reviewed
Volume 161
Article Number 120247
APA6 Citation Attah-Boakye, R., Adams, K., Kimani, D., & Ullah, S. (2020). The impact of board gender diversity and national culture on corporate innovation: a multi- country analysis of multinational corporations operating in emerging economies. Technological Forecasting and Social Change, 161, https://doi.org/10.1016/j.techfore.2020.120247
DOI https://doi.org/10.1016/j.techfore.2020.120247
Keywords Gender diversity; national culture; institutional environment; multinational corporations (MNCs); emerging economies; and firm innovation
Publisher URL https://www.sciencedirect.com/science/article/abs/pii/S0040162520310738?dgcid=rss_sd_all
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