Abstract:
Board diversity, a key determinant of strategic decision-making and financial
performance, has gained enormous attraction from academia, fascinating scientific
researchers to contribute to this topic. Among various dimensions of diversity, board gender
diversity has received substantial academic and regulatory attention due to its theoretical
grounding and empirical relevance. This study is an effort to systematically evaluate the
existing literature on board diversity through a mix of bibliometric and content analysis of
400 research articles retrieved from the Scopus database for the time period 2015-2023. The
findings reveal strong international collaboration between researchers from developed and
developing economies, with publications concentrated in top-ranked finance and
governance journals. This study also identifies several theories describing the board gender
diversity and firm performance nexus. This study also examines the trending themes,
highlights impediments to growth in literature and makes recommendations for future
studies. Among other attributes, this study only focused on gender diversity and future
studies should focus on other definitions of diversity, e.g., age, nationality, size, education
level, tenure, and experience.
