Board diversity and firm performance : the Dutch evidence

This paper examines the relationship between board diversity and firm financial performances for a sample of listed Dutch firms during the calendar year of 2013. I examine two dimensions of diversity as independent variable namely, diversity of education and nationality. The dimensions of age and gender diversity are used as control variables. My empirical results show no relation between educational diversity or nationality diversity and firm financial performances. But, I find a positive relation between gender diversity and firm performances during the year of 2013. This can be seen as evidence for the gender diversity quotas imposed by governments.