The relationship between board diversity and firm performance in the lodging industry: The moderating role of internationalization

被引:80
|
作者
Song, Hyoung Ju [1 ]
Yoon, Yu Na [1 ]
Kang, Kyung Ho [1 ]
机构
[1] Kyung Hee Univ, Coll Hotel & Tourism Management, 26 Kyungheedae Ro, Seoul 02447, South Korea
关键词
Internationalization; Firm performance; Board diversity; Gender diversity; Age diversity; TOP MANAGEMENT-TEAM; CORPORATE BOARDS; BRAND DIVERSIFICATION; FINANCIAL PERFORMANCE; GENDER DIVERSITY; TOBIN-Q; DIRECTORS; WOMEN; IMPACT; SIZE;
D O I
10.1016/j.ijhm.2020.102461
中图分类号
F [经济];
学科分类号
02 ;
摘要
Following the emphasis on board diversity and its roles on firm performance, an examination on the relationship between board diversity and firm performance in the lodging industry is conducted. Further, this study employs internationalization, a moderator, to more comprehensively investigate the board diversity-firm performance relationship. This study found that gender diversity shows a positive and significant effect on firm performance while age diversity has an insignificant effect on firm performance. Regarding the moderating effect of internationalization, the degree of internationalization significantly magnifies the effect of gender diversity on firm performance but insignificantly moderates the effect of age diversity on firm performance. This study attempts to contribute to the hospitality and tourism literature by examining the topic that has been rarely dealt with and provide practical guidelines for stakeholders of a lodging firm especially when selecting board members.
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页数:10
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