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The influence of demographic, cultural, and educational background in the boardroom on firm performance – The Croatian evidence

Tomislava Pavić Kramarić et al · Faculty of Economics University of Rijeka · 2022

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Author / responsible party
Tomislava Pavić Kramarić et al
Publisher
Faculty of Economics University of Rijeka
Year
2022
ISSN
1331-8004
ISSN
1331-8004
Language
English

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This study investigates the demographic, cultural and educational features of management boards of Croatian manufacturers. The analysis, conducted using static panel analysis, encompasses the period from 2015 to 2019. To the impact of different board characteristics on firm performance expressed with accounting- oriented performance measures such as return on assets (ROA) and return on equity (ROE), this study includes several explanatory variables comprising CEO tenure, age of the board members, the share of foreigners in the boardroom and finance educational background. Additionally, a few firm-specific variables included in the research are firm size, leverage, and firm age. The analysis findings reveal that board composition plays a crucial role when explaining the firm’s profitability. Furthermore, the firm’s maturity and leverage additionally prove to be significant factors affecting corporate performance.

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APA 7

al, T. P. K. E. (2022). The influence of demographic, cultural, and educational background in the boardroom on firm performance – The Croatian evidence. https://doi.org/10.18045/zbefri.2022.1.79

MLA

al, Tomislava Pavić Kramarić et. "The influence of demographic, cultural, and educational background in the boardroom on firm performance – The Croatian evidence." 2022. https://doi.org/10.18045/zbefri.2022.1.79.

Chicago

al, Tomislava Pavić Kramarić et. 2022. "The influence of demographic, cultural, and educational background in the boardroom on firm performance – The Croatian evidence.". https://doi.org/10.18045/zbefri.2022.1.79.

Harvard

al, T. P. K. E. 2022, The influence of demographic, cultural, and educational background in the boardroom on firm performance – The Croatian evidence, Faculty of Economics University of Rijeka, available at: https://doi.org/10.18045/zbefri.2022.1.79 [Accessed 6 Aug. 2026].

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Title
The influence of demographic, cultural, and educational background in the boardroom on firm performance – The Croatian evidence
Author / contributors
Tomislava Pavić Kramarić et al
Publisher
Faculty of Economics University of Rijeka
Publication year
2022
ISSN
1331-8004
ISSN
1331-8004
Language
English

Subjects

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demographic board diversity; cultural board diversity; firm performance; croatian manufacturers
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