The Annals of Corporate Governance published in cooperation with the International Corporate Governance Society has recently published:
Volume 8, Issue 4
Diversity in the Boardroom: A Systematic and Interdisciplinary Review of the Literature by Sara De Masi, Alessandro Zattoni, Stergios Leventis and Hans van Ees
http://dx.doi.org/10.1561/109.00000042
Complimentary downloads of this article will be available until 14 June so you should be able to access it directly using the link provided.
Given the current state of affairs, Diversity in the Boardroom: A Systematic and Interdisciplinary Review of the Literature provides reflections on the drivers and the consequences of more diverse boards. This work examines the meaning of "diversity", the methods and measures used to operationalize it, the drivers promoting it, its main consequences on board and firm outcomes, and the relationships it moderates. This systematic and interdisciplinary literature review synthesizes the most relevant studies on board diversity, highlighting major results and research gaps. Following the structured approach of previous literature reviews, the authors select empirical studies on board diversity published in accounting, business, finance, management, and organization journals. This interdisciplinary review makes three contributions to the literature on board diversity. First, it suggests multiple ways to enhance and expand the theoretical frameworks. Second, it identifies key methodological issues and proposes solutions to address them. Finally, it highlights several concerns regarding the operationalization of the diversity variable and outlines methods to resolve them.