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                <text>Staff  Publications</text>
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          <name>Title</name>
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              <text>DETERMINANTS OF BOARD DIVERSITY FOR FIRMS LISTED ON THE ZIMBABWE STOCK EXCHANGE&#13;
&#13;
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          <name>Creator</name>
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              <text>ZVINAIYE CHIMBADZWA </text>
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              <text>LIGHTON DUBE&#13;
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              <text>EMMANUEL GUVEYA</text>
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              <text>Board diversity is a topical discourse in firm governance and&#13;
management. Diversity came up as a way of eliminating&#13;
discrimination in employment and making sure there is equality,&#13;
inclusion and affirmative action in the way firms do business. Board&#13;
diversity has produced mixed results in relation to firm performance.&#13;
On the one hand, diversity enables good governance to take place,&#13;
ensures satisfaction of stakeholders and the firm to attain&#13;
competitive advantage. Contrary, diversity may come with&#13;
difficulties in communication, boardroom fights and decreased&#13;
productivity among a plethora of negative contributions. The study&#13;
investigates the various factors that affect board diversity from a&#13;
Zimbabwean context.&#13;
The Zimbabwe Stock Exchange’s 35 firms’ data is analysed to&#13;
estimate the relationship between board diversity and firm&#13;
performance. The study employed the quantitative methodology to&#13;
establish factors that influence board diversity on firm performance&#13;
of thirty-five (35) firms listed on the Zimbabwe Stock Exchange&#13;
using panel data collected over the period 2009 – 2015.&#13;
The major factors that promote diversity are firm size, liquidity,&#13;
leverage, operating experience (years listed), market share (Tobin’s&#13;
Q) and being in the service sector. On the other hand, board size,&#13;
being in the food, financial, real and industrial and manufacturing&#13;
sectors negatively and significantly influence diversity.&#13;
Based on the above results, the study recommends that companies&#13;
should come up with diversity-enabling policies to enhance firm&#13;
performance.</text>
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              <text>University of Sistan and Baluchestan</text>
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          <name>Date</name>
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              <text>2024</text>
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      <name>Board diversity</name>
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      <name>Determinants of board diversity</name>
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      <name>Listed firms</name>
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