Board diversity and firm performance: evidence from the U.K. SMEs

Shehata, Nermeen F.; Salhin, Ahmed; El-Helaly, Moataz

doi:10.1080/00036846.2017.1293796

Cited by 113 publications

(93 citation statements)

References 61 publications

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“…Microeconomic theory associates this result with impact of scale economies. This result reported in Table 5 is consistent with the findings of Martínez et al (2007), Vintilă andNenu (2015), Al-Jafari and Al Samman (2015), and Isik and Soykan (2013), but contradicts that of Goddard et al (2005) and Shehata, Salhin, and El-Helaly, (2017).…”

Section: Regression Resultssupporting

confidence: 82%

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Profitability and Its Determinants in Turkish Manufacturing Industry: Evidence from a Dynamic Panel Model

Işık¹,

Tasgin²

2017

IJEF

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Our paper empirically analyses the factors that determine the profitability of 120 manufacturing firms listed in Borsa Istanbul Stock Exchange during the period 2005-2012. Estimation results from dynamic panel data model taking into account the endogeneity of variables indicate that lagged profitability, firm size, financial risk, R&D costs, net working capital, and economic growth are the most important variables affecting firm profitability. More specifically, profitability is positively and significantly affected by past profitability, firm size in terms of total sales, net working capital, and economic growth. On the other hand, R&D costs and financial risk have a dampening effect on the profitability.

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Section: Regression Resultssupporting

confidence: 82%

“…9, No. 8; similar to those obtained from previous studies by Martínez et al (2007), Schultz et al (2010), Vintilă and Nenu (2015), Vătavu (2014), andWu (2013), but different from those of Pratheepan (2014) and Shehata et al (2017).…”

Section: Regression Resultssupporting

confidence: 80%

Profitability and Its Determinants in Turkish Manufacturing Industry: Evidence from a Dynamic Panel Model

Işık¹,

Tasgin²

2017

IJEF

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“…Quintana-Garcia and Benavides-Velasco (2016) find a significant negative relationship between gender diversity in executive management and initial public offering success. Shehata et al (2017) also uncover significant negative associations of both gender and age diversity with firm performance (measured by return on assets), possibly due to the lack of proactive CSR strategies among their target firms.…”

Section: Diversity As a Mediator Of The Csr-innovation Relationshipmentioning

confidence: 95%

Strategic CSR for innovation in SMEs: Does diversity matter?

Bocquet

Bas

Mothe

et al. 2019

Long Range Planning

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Both corporate social responsibility and diversity influence firms' innovation, yet their relationship and links to innovation remain uncertain, especially among small to medium-sized enterprises. Relying on strategic and institutional CSR perspectives and a value-in-diversity approach, this study examines the mediating roles of gender and nationality diversity on the CSR-innovation link at the organizational level. With a sample of 1,348 SMEs from Luxembourg, the results show that strategic CSR can promote both types of diversity, but only nationality diversity triggers technological innovation. Nationality diversity emerges as a partial mediator of the relationship between CSR and SMEs' technological innovation. Thus, strategic CSR, through the genuine pursuit of such diversity, can help SMEs attain positive returns on their product or process innovation. These results have important theoretical and managerial implications.

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“…Majumdar, 1997;Serrasqueiro and Nunes, 2008;Stierwald, 2010;Dogan, 2013;Liu at al., 2014;Çelikyurt and Dönmez, 2017;Isik and Tasgin, 2017) or negative (e.g. Goddard et al, 2005;Becker-Blease et al, 2010;Hatem, 2014;Shehata et al, 2017). Others find a quadratic relationship (e.g.…”

Section: Introductionmentioning

confidence: 99%

“…As a result of the analysis, the authors report that even though the influence of natural log of total sales on gross sales profit divided by total assets is significant and negative, size measure affects the ratio of profit before tax and interest to total assets positively and significantly. Focusing on 34.798 firms of the SME sector in the UK for the period of 2005-2013, Shehata et al (2017) try to analyze the influence of board diversity on firm financial performance. Their findings from panel fixed effects vector decomposition (FEVD) estimation method indicate that the size of firm, as measured natural log of total assets, is significantly negatively correlated with return on assets.…”

Section: Literature Reviewmentioning

confidence: 99%

The Effect of Firm Size on Profitability: Evidence From Turkish Manufacturing Sector

Işık¹,

Ünal²,

Ünal³

2017

Pressacademia

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Purpose -This study investigates whether size of 112 publicly listed firms in manufacturing sector affects their profitability in Turkey during the period 2005-2013. Methodology -Dynamic panel data approach (i.e. two-step system GMM estimator) taking into account potential endogeneity of firm-level variables is employed to estimate the effect of alternative firm size indicators on firm profitability. Findings-Estimation results suggest that after controlling for financial risk, liquidity level, growth opportunities, unsystematic risk, firm age, and the other factors, the indicators of firm size measured by firm's assets, sales and number of employees tend to have a positive influence on the profitability of firm measured by operating return on assets. Conclusion-There is enough statistical evidence to support a linear relation between firm size measures and profitability of firms in the period analyzed. However, our empirical results do not support the quadratic or cubic association between size measures and profitability.

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Board diversity and firm performance: evidence from the U.K. SMEs

Cited by 113 publications

References 61 publications

Profitability and Its Determinants in Turkish Manufacturing Industry: Evidence from a Dynamic Panel Model

Profitability and Its Determinants in Turkish Manufacturing Industry: Evidence from a Dynamic Panel Model

Strategic CSR for innovation in SMEs: Does diversity matter?

The Effect of Firm Size on Profitability: Evidence From Turkish Manufacturing Sector

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