This paper examines the relationship of gender and racial diversity on corporate boards and firm value for high tech companies. Firm value is measured in an approximation of Tobin’s Q and diversity is measured by the percentage or presence of women or minorities on a board. The study looks at the high tech firms that are listed on the Fortune 1000 for 2016. Pervious studies on this topic have had relatively positive results, but have no one has specifically looked at the high tech industry. The high tech sector is a nontraditional sector due to its recent rapid growth and large impact on the United State’s GDP. The results showed that gender diversity did not have any affect on firm value, while racial diversity had a negative affect.
This paper examines the relationship of gender and racial diversity on corporate boards and firm value for high tech companies. Firm value is measured in an approximation of Tobin’s Q and diversity is measured by the percentage or presence of women or minorities on a board. The study looks at the high tech firms that are listed on the Fortune 1000 for 2016. Pervious studies on this topic have had relatively positive results, but have no one has specifically looked at the high tech industry. The high tech sector is a nontraditional sector due to its recent rapid growth and large impact on the United State’s GDP. The results showed that gender diversity did not have any affect on firm value, while racial diversity had a negative affect.
This paper examines the relationship of gender and racial diversity on corporate boards and firm value for high tech companies. Firm value is measured in an approximation of Tobin’s Q and diversity is measured by the percentage or presence of women or minorities on a board. The study looks at the high tech firms that are listed on the Fortune 1000 for 2016. Pervious studies on this topic have had relatively positive results, but have no one has specifically looked at the high tech industry. The high tech sector is a nontraditional sector due to its recent rapid growth and large impact on the United State’s GDP. The results showed that gender diversity did not have any affect on firm value, while racial diversity had a negative affect.
This paper examines the relationship of gender and racial diversity on corporate boards and firm value for high tech companies. Firm value is measured in an approximation of Tobin’s Q and diversity is measured by the percentage or presence of women or minorities on a board. The study looks at the high tech firms that are listed on the Fortune 1000 for 2016. Pervious studies on this topic have had relatively positive results, but have no one has specifically looked at the high tech industry. The high tech sector is a nontraditional sector due to its recent rapid growth and large impact on the United State’s GDP. The results showed that gender diversity did not have any affect on firm value, while racial diversity had a negative affect.
