Management Summary Research Study “Gender Diversity in the Boardroom and Firm Performance: Evidence from the Czech Republic”
The research examines the relationships between entrepreneurial behaviors, innovation performance, and bank credit access for 1367 enterprises across multiple European countries. Using the Theory of Planned Behavior (TPB) and Resource-Based View (RBV), the research investigates how entrepreneurs’ personal attitudes, perceived behavioral control, and subjective norms influence bank credit access, with innovation performance as a mediating factor.
Key findings:
- Female representation on boards positively impacts both ROA and ROE.
- Diverse leadership improves decision-making, strategic innovation, and stakeholder trust.
- Leverage negatively affects performance; board size and company age have no significant effect.
Business implications:
- Organizations should set clear diversity goals and integrate them into KPIs.
- Mentorship programs and leadership pipelines for women are crucial.
- Gender diversity is a strategic asset with tangible financial returns.
Target stakeholders: Executives of large enterprises, investors, HR professionals, policy makers, academics
Citation: Bruder Badie, N., Kurdova, Y., Srivastava, M., & Tyll, L. (2025). Gender Diversity in the Boardroom and Firm Performance: Evidence from the Czech Republic. Journal of East-West Business. https://doi.org/10.1080/10669868.2025.2489653