Proceedings of 2016 2nd International Conference on Humanities and Social Science Research (ICHSSR 2016)

Board Heterogeneity, Diversification Strategy and Firm Value

Authors
Bei Ye
Corresponding Author
Bei Ye
Available Online July 2016.
DOI
10.2991/ichssr-16.2016.28How to use a DOI?
Keywords
board, heterogeneity, diversification, firm value
Abstract

Taking nonfinancial companies listed on Shanghai or Shenzhen stock exchange as the sample, the paper studies the relationship between board heterogeneity, diversification strategy and firm value. Empirical research shows that board occupational heterogeneity is positively related to corporate diversification and firm value, whereas social heterogeneity is negatively related to them; diversification strategy works partly as a mediator between board heterogeneity and firm value. The policy implication is that effective board construction should care more about reasonable allocation of board members' social or occupational features, so as to make the fullest use of the benefits of team heterogeneity via strategic role implementation.

Copyright
© 2016, the Authors. Published by Atlantis Press.
Open Access
This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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Volume Title
Proceedings of 2016 2nd International Conference on Humanities and Social Science Research (ICHSSR 2016)
Series
Advances in Social Science, Education and Humanities Research
Publication Date
July 2016
ISBN
978-94-6252-235-0
ISSN
2352-5398
DOI
10.2991/ichssr-16.2016.28How to use a DOI?
Copyright
© 2016, the Authors. Published by Atlantis Press.
Open Access
This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

Cite this article

TY  - CONF
AU  - Bei Ye
PY  - 2016/07
DA  - 2016/07
TI  - Board Heterogeneity, Diversification Strategy and Firm Value
BT  - Proceedings of 2016 2nd International Conference on Humanities and Social Science Research (ICHSSR 2016)
PB  - Atlantis Press
SP  - 124
EP  - 134
SN  - 2352-5398
UR  - https://doi.org/10.2991/ichssr-16.2016.28
DO  - 10.2991/ichssr-16.2016.28
ID  - Ye2016/07
ER  -