Download or read book Top Management Team Diversity in Financial Services The Influence of Functional and Demographic Diversity on Firm Financial Performance written by John Ratzan and published by . This book was released on 2020 with total page 19 pages. Available in PDF, EPUB and Kindle. Book excerpt: There has been exhaustive discussion on whether diversity in the TMT (Top Management Team) has an impact on the firm's financial performance. This research will analyze data from 59 Fortune 500 Financial Services firms' TMTs referencing Hambrick and Mason's Upper Echelon theory and review the TMT members' demographic composition as well as functional experience background attributes. We controlled for industry effects by focusing on the financial services sector, within which companies related to the banking sector are systemically essential to society. Another rationale for the focus on financial services is the degree with which this industry has been digitized, which we argue creates a more complex management environment. This research will compare the type of diversity within the TMT (functional vs. demographic) and the related impact on the firm's financial performance in terms of P/E (Price/Earnings) Ratio, ROA (Return on Assets) and ROE (Return on Equity). This is in the context of a dynamic digital marketplace that we hypothesize now rewards functional diversity in the TMT as this attribute in the team composition is critical to organizing the firm's competitive repertoires and strategy. The findings from the research suggest that functional diversity (TMT specialties such as marketing, finance, operations, etc.) is more significant than demographic diversity (gender, ethnicity, nationality). This study indicates that functional diversity had a positive correlation with financial performance in terms of the P/E Ratio and ROA, while demographic diversity had a slightly negative correlation, not having a significant impact on the firm's financial performance.
Download or read book Proceedings of the 2022 2nd International Conference on Financial Management and Economic Transition FMET 2022 written by Vilas Gaikar and published by Springer Nature. This book was released on 2023-02-10 with total page 830 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is an open access book. As a leading role in the global megatrend of scientific innovation, China has been creating a more and more open environment for scientific innovation, increasing the depth and breadth of academic cooperation, and building a community of innovation that benefits all. Such endeavors are making new contributions to the globalization and creating a community of shared future. FMET is to bring together innovative academics and industrial experts in the field of Financial Management and Economic to a common forum. We will discuss and study about Financial marketing, Corporate finance, Management and administration of commercial Banks, International trade theory and practice, Economy and foreign economic management, Economic information management and other fields. FMET 2022 also aims to provide a platform for experts, scholars, engineers, technicians and technical R & D personnel to share scientific research achievements and cutting-edge technologies, understand academic development trends, expand research ideas, strengthen academic research and discussion, and promote the industrialization cooperation of academic achievements. To adapt to this changing world and China's fast development in the new era, 2022 2nd International Conference on Financial Management and Economic Transition to be held in August 2022. This conference takes "bringing together global wisdom in scientific innovation to promote high-quality development" as the theme and focuses on cutting-edge research fields including Financial Management and Economic Transition. FMET 2022 encourages the exchange of information at the forefront of research in different fields, connects the most advanced academic resources in China and the world, transforms research results into industrial solutions, and brings together talent, technology and capital to drive development. The conference sincerely invites experts, scholars, business people and other relevant personnel from universities, scientific research institutions at home and abroad to attend and exchange!
Download or read book Gender Diversity in Senior Positions and Firm Performance written by Lone Engbo Christiansen and published by International Monetary Fund. This book was released on 2016-03-07 with total page 29 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper examines the link between gender diversity in senior corporate positions and financial performance of 2 million companies in Europe. We document a positive association between corporate return on assets and the share of women in senior positions and establish two potential channels through which gender diversity may affect firm performance. The positive correlation is more pronounced in, first, sectors where women form a larger share of the labor force (such as the services sector) and, second, where complementarities in skills and critical thinking are in high demand (such as high-tech and knowledge-intensive sectors).
Download or read book Financial Services Industry Overall Trends in Management Level Diversity Diversity Initiatives 1993 2004 written by and published by DIANE Publishing. This book was released on with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Impact of Top Management Team Diversity on Firm Performance written by and published by . This book was released on 2015 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: In a context of continuing globalization and changing regulations, the workforce has become increasingly diverse and with it the top management team (TMT). This increased heterogeneity has given renewed attention to Hambrick and Mason's upper echelon theory (1984), which links TMT demographic characteristics with firm outcome. As previous research has been inconclusive, this thesis aims to re-examine the TMT diversity variables nationality, age, gender and team tenure and their respective influence on firm performance. In a second step, the contextual variable of novelty of international expansion is added, in order to examine if it has a moderating influence on the relation between diversity variable and performance. Company and top management team data was collected for 100 Swiss and Dutch stock-listed companies and the information processing perspective was adopted. The results show a negative relation between age diversity difference and subsequent return on assets, whereas no significant relationship between the other diversity variables and performance could be found. No significant interaction effect of novelty rate of international expansion as moderator could be demonstrated either. This thesis serves to illustrate the complexity of the diversity field and the difference in outcome depending on the analysed dimension and the context.
Download or read book The Bottom Line written by Catalyst and published by Catalyst. This book was released on 2004 with total page 35 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study explores whether there is a demonstrable connection between gender diversity and organizational financial performance.
Download or read book Top Management Team Demographics and Its Influence on Corporate Strategic Change written by Nicolas Küng and published by . This book was released on 2013 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper investigates top management team [TMT] demographics and its influence on corporate strategic change. The objective was to find out, firstly, how demographics have developed over time and secondly, whether they have a significant influence on the changeability of companies. For this purpose, data from 72 banks and insurance firms out of 16 European countries was examined over a period of 12 years (2000 to 2011). The following developments are manifested: While average age, age diversity, organizational tenure diversity, educational background diversity and functional assignment diversity show an upward trend, organizational tenure average and the proportion of top managers with industry-specific assignment seem to be decreasing. Tenure in TMT and its diversity, and proportion of top managers with a degree in economic sciences remain unchanged. As far as the influence of these characteristics on corporate strategic change is concerned, essential differences among banks and insurances are discernible. It shows that a higher representation of general functions within a TMT (in contrast to industry-specific functions) is associated with more strategic change throughout financial services industry. Moreover, age diversity is correlated with strategic change for banks. The opposing effect holds true for organizational size, TMT tenure diversity as well as functional assignment diversity for insurances.
Download or read book Diversity in the Financial Services Sector written by United States. Congress. House. Committee on Financial Services. Subcommittee on Oversight and Investigations and published by . This book was released on 2008 with total page 336 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Globalization Income Distribution and Sustainable Development written by Ramesh Chandra Das and published by Emerald Group Publishing. This book was released on 2022-05-25 with total page 275 pages. Available in PDF, EPUB and Kindle. Book excerpt: Globalization, Income Distribution and Sustainable Development: A theoretical and empirical investigation focuses on the impact of globalization on income distribution in a wider perspective and exploring the impact of globalization on sustainable development in a range of countries across the globe.
Download or read book Organizational Behavior written by Michael A. Hitt and published by John Wiley & Sons. This book was released on 2017-12-11 with total page 578 pages. Available in PDF, EPUB and Kindle. Book excerpt: People, processes, and technology. These are the three major drivers of business achievement. The best leaders inherently understand that great companies start with great people. This is as true now as it was during the beginning of the industrial revolution, and understanding and staying current on the latest organizational behavior research and best practices paves the way for managerial success. In this updated edition of Organizational Behavior, theory, new research and real-world case studies are combined in an engaging manner to blend together the critical concepts and skills needed to successfully manage others and build a strong organization across all levels of a company. Featuring an in-depth view of the process and practice of managing individuals, teams, and entire organizations, the text provides a solid foundation for students and future managers.
Download or read book Corporate Governance and Its Implications on Accounting and Finance written by Alqatan, Ahmad and published by IGI Global. This book was released on 2020-09-25 with total page 425 pages. Available in PDF, EPUB and Kindle. Book excerpt: After the global financial crisis, the topic of corporate governance has been gaining momentum in accounting and finance literature since it may influence firm and bank management in many countries. Corporate Governance and Its Implications on Accounting and Finance provides emerging research exploring the implications of a good corporate governance system after global financial crises. Corporate governance mechanisms may include board and audit committee characteristics, ownership structure, and internal and external auditing. This book is devoted to all topics dealing with corporate governance including corporate governance characteristics, board diversity, CSR, big data governance, bitcoin governance, IT governance, and governance disclosure, and is ideally designed for executives, BODs, financial analysts, government officials, researchers, policymakers, academicians, and students.
Download or read book Top Management Team Diversity and Firm Performance written by Sabine Kiefer and published by VDM Publishing. This book was released on 2007 with total page 108 pages. Available in PDF, EPUB and Kindle. Book excerpt: Mismanagement and miscalculations of the Top Management Team (TMT) are, alongside general economic cycle arguments, the most commonly proposed determinants of firm performance. The composition of the TMT is seen as a crucial variable in shaping organizational outcomes. However, does the composition of the TMT indeed influence the firm performance? If so, then in which ways and to what extent? Does the influence differ for firms operating in dynamically different and various environments? Sabine Kiefer endeavors to explore the topic of TMT diversity and its influence on the firm performance by critically investigating German companies. Building upon previous theories and empirical results, a new - not yet empirically investigated - curvilinear relationship is proposed. Detailed information about the sample, the data gathering process and measurement choices are outlined and the hypothesis is investigated by using regression analysis. This book should appeal to all those interested in TMT research and its implications on the financial outcomes of firms.
Download or read book Diversity in Organizations written by Martin Chemers and published by SAGE Publications. This book was released on 1995-07-18 with total page 289 pages. Available in PDF, EPUB and Kindle. Book excerpt: The changing demography of the workforce presents challenges and opportunities to individuals and to the organizations of which they are a part. This volume examines how diversity in organizations affords benefits such as a broader talent pool, but at the same time can lead to tension, misunderstanding and, at times, outright hostility.
Download or read book Managing Diversity in Organizations written by Barbara Beham and published by Springer Science & Business Media. This book was released on 2013-07-10 with total page 131 pages. Available in PDF, EPUB and Kindle. Book excerpt: Diversity management has recently attracted a lot of attention in both academia and practice. Globalization, migration, demographic changes, low fertility rates, a scarce pool of qualified labor, and women entering the workforce in large scales have led to an increasingly heterogeneous workforce in the past twenty years. In response to those ongoing changes, organizations have started to create work environments which address the needs and respond to the opportunities of a diverse workforce. The implementation of diversity policies and practices and the creation of an organizational culture that values heterogeneity have been the focus of recent organizational initiatives. This special issue aims at shedding light on some of open research questions by including both theoretical and empirical contributions.
Download or read book Meta regression Analysis in Economics and Business written by T. D. Stanley and published by Routledge. This book was released on 2012 with total page 202 pages. Available in PDF, EPUB and Kindle. Book excerpt: Meta-Regression Analysis in Economics and Business is the first text devoted to the meta-regression analysis (MRA) of economics and business research.
Download or read book Team Dynamics Over Time written by Eduardo Salas and published by Emerald Group Publishing. This book was released on 2017-08-22 with total page 244 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume focuses on the temporal adaptations of teams. An increase in the use of teams has led to more team research throughout the fields of cognitive science, human factors, organizational psychology, and behavioral science. This book serves as a resource to researchers who study teams, managers who lead teams, and those who work in teams.
Download or read book Managing Diversity in Corporate America written by Jefferson P. Marquis and published by Rand Corporation. This book was released on 2008-01-08 with total page 45 pages. Available in PDF, EPUB and Kindle. Book excerpt: Develops a fact-based approach to modeling diversity management in U.S. corporations, analyzes the strategies pursued by 14 large U.S. companies recognized for their diversity or human resource achievements, and compares a number of company characteristics. Firms recognized for diversity are distinguished by a core set of motives and practices, but best practices per se may not enable a company to achieve a high level of diversity.
