TITLE:
Board Diversity, Strategic Innovation, and Corporate Performance
AUTHORS:
Elvina Amissah
KEYWORDS:
Board Diversity, Strategic Innovation, Corporate Performance
JOURNAL NAME:
Open Journal of Business and Management,
Vol.13 No.6,
November
25,
2025
ABSTRACT: This study examines the connections among board diversity, strategic innovation, and corporate performance. Based on recent empirical findings from various geographical contexts and dimensions of diversity, such as gender, industry experience, and educational background, we develop an integrative model that posits board diversity as a catalyst for innovation, subsequently enhancing firm performance. By looking at evidence from Finland, Canada, France, and international samples, we show how different types of diversity (like gender, education, and work history) affect innovation capacity in different ways. We also look at things that can change the outcome, like corporate risk-taking, absorptive capacity, and cultural context. The paper concludes with theoretical, empirical, and practical implications, positing that diverse boards are more likely to promote exploratory innovation, sustainable performance, and long-term value, contingent upon the fulfillment of critical mass and conducive institutional conditions.