{"id":"https://openalex.org/W4413239079","doi":"https://doi.org/10.1108/ijppm-12-2024-0831","title":"Beyond the boardroom: impact of diversity, inclusion and people development on firm performance-empirical evidence from India","display_name":"Beyond the boardroom: impact of diversity, inclusion and people development on firm performance-empirical evidence from India","publication_year":2025,"publication_date":"2025-08-09","ids":{"openalex":"https://openalex.org/W4413239079","doi":"https://doi.org/10.1108/ijppm-12-2024-0831"},"language":"en","primary_location":{"id":"doi:10.1108/ijppm-12-2024-0831","doi":"https://doi.org/10.1108/ijppm-12-2024-0831","is_oa":false,"landing_page_url":"https://doi.org/10.1108/ijppm-12-2024-0831","pdf_url":null,"source":{"id":"https://openalex.org/S157600745","display_name":"International Journal of Productivity and Performance Management","issn_l":"0043-8022","issn":["0043-8022","1741-0401","1758-6658","1758-7190"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-b","anvur-class-a","anvur-scientific","cwts-core","fnege-4","jufo-1","norway-1","poland-70","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310319811","host_organization_name":"Emerald Publishing Limited","host_organization_lineage":["https://openalex.org/P4310319811"],"host_organization_lineage_names":["Emerald Publishing Limited"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"International Journal of Productivity and Performance Management","raw_type":"journal-article"},"volume":null,"type":"article","is_traditional":true,"indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5069631456","display_name":"Shernaz Bodhanwala","orcid":"https://orcid.org/0000-0002-8721-505X","observed_orcids":["https://orcid.org/0000-0002-8721-505X"]},"institutions":[{"id":"https://openalex.org/I2802865875","display_name":"Flame University","ror":"https://ror.org/0252mqn49","country_code":"IN","type":"education","lineage":["https://openalex.org/I2802865875"]}],"countries":["IN"],"is_corresponding":false,"raw_author_name":"Shernaz Bodhanwala","raw_affiliation_strings":["FLAME University Department of Finance and Accounting, , ,","Department of Finance and Accounting, FLAME University, Pune, India"],"raw_orcid":"https://orcid.org/0000-0002-8721-505X","affiliations":[{"raw_affiliation_string":"FLAME University Department of Finance and Accounting, , ,","institution_ids":["https://openalex.org/I2802865875"]},{"raw_affiliation_string":"Department of Finance and Accounting, FLAME University, Pune, India","institution_ids":["https://openalex.org/I2802865875"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5007825155","display_name":"Ruzbeh Bodhanwala","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I2802865875","display_name":"Flame University","ror":"https://ror.org/0252mqn49","country_code":"IN","type":"education","lineage":["https://openalex.org/I2802865875"]}],"countries":["IN"],"is_corresponding":false,"raw_author_name":"Ruzbeh Bodhanwala","raw_affiliation_strings":["FLAME University Department of Finance and Accounting, , ,","Department of Finance and Accounting, FLAME University, Pune, India"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"FLAME University Department of Finance and Accounting, , ,","institution_ids":["https://openalex.org/I2802865875"]},{"raw_affiliation_string":"Department of Finance and Accounting, FLAME University, Pune, India","institution_ids":["https://openalex.org/I2802865875"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":1,"corresponding_author_ids":[],"corresponding_institution_ids":["https://openalex.org/I2802865875"],"apc_list":null,"apc_paid":null,"fwci":4.2996,"has_fulltext":false,"cited_by_count":4,"citation_normalized_percentile":{"value":0.92885962,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":89,"max":97},"biblio":{"volume":"75","issue":"2","first_page":"375","last_page":"403"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T11047","display_name":"Gender Diversity and Inequality","score":0.9955999851226807,"subfield":{"id":"https://openalex.org/subfields/3318","display_name":"Gender Studies"},"field":{"id":"https://openalex.org/fields/33","display_name":"Social Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T11047","display_name":"Gender Diversity and Inequality","score":0.9955999851226807,"subfield":{"id":"https://openalex.org/subfields/3318","display_name":"Gender Studies"},"field":{"id":"https://openalex.org/fields/33","display_name":"Social Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10019","display_name":"Corporate Finance and Governance","score":0.0012000000569969416,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T13994","display_name":"The Impact of Diversity and Innovation on Society","score":0.00039999998989515007,"subfield":{"id":"https://openalex.org/subfields/3312","display_name":"Sociology and Political Science"},"field":{"id":"https://openalex.org/fields/33","display_name":"Social Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/firm-performance","display_name":"firm performance","score":0.949999988079071},{"id":"https://openalex.org/keywords/employee-development","display_name":"employee development","score":0.640999972820282},{"id":"https://openalex.org/keywords/market-based-performance","display_name":"market-based performance","score":0.6800000071525574},{"id":"https://openalex.org/keywords/accounting-performance","display_name":"accounting performance","score":0.9980000257492065},{"id":"https://openalex.org/keywords/greenwashing","display_name":"greenwashing","score":0.7630000114440918},{"id":"https://openalex.org/keywords/resource-based-view","display_name":"resource-based view","score":0.8970000147819519},{"id":"https://openalex.org/keywords/stakeholder-theory","display_name":"stakeholder theory","score":0.9959999918937683},{"id":"https://openalex.org/keywords/performance-management","display_name":"performance management","score":0.6340000033378601},{"id":"https://openalex.org/keywords/indian-listed-firms","display_name":"Indian listed companies","score":0.7559999823570251},{"id":"https://openalex.org/keywords/human-capital","display_name":"human capital","score":0.5730000138282776}],"concepts":[{"id":"https://openalex.org/C153083717","wikidata":"https://www.wikidata.org/wiki/Q6535263","display_name":"Leverage (statistics)","level":2,"score":0.5579485893249512},{"id":"https://openalex.org/C2778397978","wikidata":"https://www.wikidata.org/wiki/Q1501335","display_name":"Gender diversity","level":3,"score":0.5503659248352051},{"id":"https://openalex.org/C162144332","wikidata":"https://www.wikidata.org/wiki/Q1665305","display_name":"Instrumental variable","level":2,"score":0.5388917326927185},{"id":"https://openalex.org/C2779343474","wikidata":"https://www.wikidata.org/wiki/Q3109175","display_name":"Context (archaeology)","level":2,"score":0.5275062322616577},{"id":"https://openalex.org/C2781316041","wikidata":"https://www.wikidata.org/wiki/Q1230584","display_name":"Diversity (politics)","level":2,"score":0.5072166919708252},{"id":"https://openalex.org/C109359841","wikidata":"https://www.wikidata.org/wiki/Q728944","display_name":"Inclusion (mineral)","level":2,"score":0.4832251965999603},{"id":"https://openalex.org/C121955636","wikidata":"https://www.wikidata.org/wiki/Q4116214","display_name":"Accounting","level":1,"score":0.4717108905315399},{"id":"https://openalex.org/C6422946","wikidata":"https://www.wikidata.org/wiki/Q857354","display_name":"Panel data","level":2,"score":0.4554840922355652},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.4528029263019562},{"id":"https://openalex.org/C201305675","wikidata":"https://www.wikidata.org/wiki/Q852998","display_name":"Stakeholder","level":2,"score":0.4339154064655304},{"id":"https://openalex.org/C162853370","wikidata":"https://www.wikidata.org/wiki/Q39809","display_name":"Marketing","level":1,"score":0.4208148121833801},{"id":"https://openalex.org/C166052673","wikidata":"https://www.wikidata.org/wiki/Q83021","display_name":"Empirical evidence","level":2,"score":0.41451969742774963},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.4045671820640564},{"id":"https://openalex.org/C39389867","wikidata":"https://www.wikidata.org/wiki/Q380767","display_name":"Corporate governance","level":2,"score":0.25507938861846924},{"id":"https://openalex.org/C149782125","wikidata":"https://www.wikidata.org/wiki/Q160039","display_name":"Econometrics","level":1,"score":0.2321958839893341},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.1975245475769043},{"id":"https://openalex.org/C15744967","wikidata":"https://www.wikidata.org/wiki/Q9418","display_name":"Psychology","level":0,"score":0.14270129799842834},{"id":"https://openalex.org/C187736073","wikidata":"https://www.wikidata.org/wiki/Q2920921","display_name":"Management","level":1,"score":0.13281288743019104},{"id":"https://openalex.org/C144024400","wikidata":"https://www.wikidata.org/wiki/Q21201","display_name":"Sociology","level":0,"score":0.12233206629753113},{"id":"https://openalex.org/C138885662","wikidata":"https://www.wikidata.org/wiki/Q5891","display_name":"Philosophy","level":0,"score":0.0},{"id":"https://openalex.org/C119857082","wikidata":"https://www.wikidata.org/wiki/Q2539","display_name":"Machine learning","level":1,"score":0.0},{"id":"https://openalex.org/C19165224","wikidata":"https://www.wikidata.org/wiki/Q23404","display_name":"Anthropology","level":1,"score":0.0},{"id":"https://openalex.org/C86803240","wikidata":"https://www.wikidata.org/wiki/Q420","display_name":"Biology","level":0,"score":0.0},{"id":"https://openalex.org/C151730666","wikidata":"https://www.wikidata.org/wiki/Q7205","display_name":"Paleontology","level":1,"score":0.0},{"id":"https://openalex.org/C111472728","wikidata":"https://www.wikidata.org/wiki/Q9471","display_name":"Epistemology","level":1,"score":0.0},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.0},{"id":"https://openalex.org/C77805123","wikidata":"https://www.wikidata.org/wiki/Q161272","display_name":"Social psychology","level":1,"score":0.0}],"mesh":[],"locations_count":1,"locations":[{"id":"doi:10.1108/ijppm-12-2024-0831","doi":"https://doi.org/10.1108/ijppm-12-2024-0831","is_oa":false,"landing_page_url":"https://doi.org/10.1108/ijppm-12-2024-0831","pdf_url":null,"source":{"id":"https://openalex.org/S157600745","display_name":"International Journal of Productivity and Performance Management","issn_l":"0043-8022","issn":["0043-8022","1741-0401","1758-6658","1758-7190"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-b","anvur-class-a","anvur-scientific","cwts-core","fnege-4","jufo-1","norway-1","poland-70","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310319811","host_organization_name":"Emerald Publishing Limited","host_organization_lineage":["https://openalex.org/P4310319811"],"host_organization_lineage_names":["Emerald Publishing Limited"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"International Journal of Productivity and Performance Management","raw_type":"journal-article"}],"best_oa_location":null,"sustainable_development_goals":[{"id":"https://metadata.un.org/sdg/8","score":0.9211000204086304,"display_name":"Decent work and economic growth"}],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":97,"referenced_works":["https://openalex.org/W570810439","https://openalex.org/W619770387","https://openalex.org/W1524040893","https://openalex.org/W1544525840","https://openalex.org/W1562180358","https://openalex.org/W1738524706","https://openalex.org/W1971797777","https://openalex.org/W1995698170","https://openalex.org/W1998897394","https://openalex.org/W2005278110","https://openalex.org/W2010181842","https://openalex.org/W2013979441","https://openalex.org/W2017611818","https://openalex.org/W2020074456","https://openalex.org/W2045620501","https://openalex.org/W2050266072","https://openalex.org/W2058428373","https://openalex.org/W2059125223","https://openalex.org/W2068727411","https://openalex.org/W2072370132","https://openalex.org/W2077457427","https://openalex.org/W2081623004","https://openalex.org/W2088081455","https://openalex.org/W2088894329","https://openalex.org/W2096873487","https://openalex.org/W2109507579","https://openalex.org/W2117142641","https://openalex.org/W2125945958","https://openalex.org/W2127036993","https://openalex.org/W2127915225","https://openalex.org/W2128483484","https://openalex.org/W2145640851","https://openalex.org/W2152127344","https://openalex.org/W2160973937","https://openalex.org/W2163840130","https://openalex.org/W2164158771","https://openalex.org/W2165144879","https://openalex.org/W2165625270","https://openalex.org/W2166136923","https://openalex.org/W2167582258","https://openalex.org/W2326787527","https://openalex.org/W2364712772","https://openalex.org/W2511180303","https://openalex.org/W2557666522","https://openalex.org/W2593463235","https://openalex.org/W2605868452","https://openalex.org/W2606636082","https://openalex.org/W2619282977","https://openalex.org/W2765935887","https://openalex.org/W2766362949","https://openalex.org/W2788039441","https://openalex.org/W2797840819","https://openalex.org/W2887207464","https://openalex.org/W2889770737","https://openalex.org/W2900518564","https://openalex.org/W2940570705","https://openalex.org/W2965997252","https://openalex.org/W2978186992","https://openalex.org/W2991124999","https://openalex.org/W3004683359","https://openalex.org/W3047126676","https://openalex.org/W3122057919","https://openalex.org/W3122220309","https://openalex.org/W3122806311","https://openalex.org/W3123323948","https://openalex.org/W3124278626","https://openalex.org/W3124536214","https://openalex.org/W3126273973","https://openalex.org/W3149773943","https://openalex.org/W3162113819","https://openalex.org/W3191705753","https://openalex.org/W3193780718","https://openalex.org/W3195221640","https://openalex.org/W4224279837","https://openalex.org/W4242709221","https://openalex.org/W4281866710","https://openalex.org/W4284712548","https://openalex.org/W4290974999","https://openalex.org/W4304974634","https://openalex.org/W4310017368","https://openalex.org/W4317889946","https://openalex.org/W4320523541","https://openalex.org/W4323044654","https://openalex.org/W4362568388","https://openalex.org/W4384341864","https://openalex.org/W4385820406","https://openalex.org/W4386934994","https://openalex.org/W4387613921","https://openalex.org/W4388289413","https://openalex.org/W4389996573","https://openalex.org/W4400500295","https://openalex.org/W4402518666","https://openalex.org/W4408371847","https://openalex.org/W4410040444","https://openalex.org/W4410409017","https://openalex.org/W6682744201","https://openalex.org/W7010490534"],"related_works":["https://openalex.org/W4309862453","https://openalex.org/W4280516011","https://openalex.org/W3186910803","https://openalex.org/W4386934994","https://openalex.org/W4292074358","https://openalex.org/W7154997139","https://openalex.org/W4414767267","https://openalex.org/W6930448907","https://openalex.org/W3005359076","https://openalex.org/W7204643831"],"abstract_inverted_index":{"Purpose":[0],"The":[1,105,129,140,257,280],"study":[2,38,77,106,216,258],"aims":[3],"to":[4,60,102,159,168,176,218,243,263,311],"go":[5],"beyond":[6,156],"the":[7,14,33,62,73,76,122,212,215,219,239,264,268,294],"widely":[8],"studied":[9],"board-level":[10,157,277],"diversity":[11,20,158],"and":[12,21,25,49,68,148,186,194,313,317],"examine":[13],"relationship":[15,116,123],"between":[16],"a":[17,81,97,113,180,249,260,283,288],"firm\u2019s":[18],"holistic":[19],"inclusion":[22,316],"(D&I)":[23],"practices":[24,193],"their":[26],"impact":[27,63],"on":[28,66,80,92,184,221,275],"firm":[29],"performance":[30,223,253],"(FP)":[31],"in":[32,196,211,267,306],"Indian":[34,213,269],"context.":[35],"Design/methodology/approach":[36],"This":[37],"uses":[39],"panel":[40,50],"multivariate":[41],"regression":[42],"models,":[43],"such":[44],"as":[45,179,248],"two-stage":[46],"least":[47],"squares":[48],"generalized":[51],"methods":[52,135],"of":[53,64,86,136,234,252],"moments,":[54],"with":[55,117,124,202],"an":[56],"instrumental":[57],"variable":[58],"approach":[59],"estimate":[61],"D&I":[65,93,111,152,178,278,296],"market":[67],"accounting-based":[69,125],"FP.":[70,235],"To":[71],"avoid":[72],"greenwashing":[74],"effect,":[75],"is":[78,127,302],"based":[79],"meticulously":[82],"selected":[83],"data":[84],"sample":[85],"52":[87],"Indian-listed":[88],"companies":[89],"consistently":[90],"rated":[91],"by":[94,286,293],"Refinitiv":[95,295],"for":[96,146,241,304,321],"five-year":[98],"period":[99],"from":[100],"2018":[101],"2022.":[103],"Findings":[104],"finds":[107],"compelling":[108],"evidence":[109,226],"that":[110,151,191,227,300],"has":[112,272],"significant":[114,144,261],"positive":[115],"market-based":[118],"FP":[119,126],"measures.":[120],"However,":[121],"mixed.":[128],"findings":[130,142,237],"are":[131,174,199,231],"consistent":[132],"across":[133],"different":[134],"estimation.":[137],"Practical":[138],"implications":[139,145],"study\u2019s":[141],"have":[143],"investors":[147],"management,":[149,224],"emphasizing":[150],"initiatives":[153],"should":[154],"extend":[155],"encompass":[160],"firm-wide":[161],"policies.":[162],"Investors":[163],"can":[164],"leverage":[165],"these":[166,209],"insights":[167],"make":[169],"informed":[170],"decisions,":[171],"while":[172],"managers":[173],"encouraged":[175],"prioritize":[177],"strategic":[181,222],"asset.":[182],"Drawing":[183],"resource-based":[185],"stakeholder":[187],"theories,":[188],"we":[189],"find":[190],"inclusive":[192,246],"investment":[195],"employee":[197],"development":[198,319],"significantly":[200],"associated":[201],"improved":[203],"financial":[204],"outcomes.":[205],"By":[206],"empirically":[207],"establishing":[208],"links":[210],"context,":[214,270],"contributes":[217],"literature":[220,266],"offering":[225],"human":[228],"capital-oriented":[229],"dimensions":[230],"critical":[232],"drivers":[233],"Our":[236],"highlight":[238],"need":[240],"organizations":[242],"integrate":[244],"people-centric":[245],"strategies":[247],"core":[250],"component":[251],"management":[254],"systems.":[255],"Originality/value":[256],"makes":[259],"contribution":[262],"sparse":[265],"which":[271],"primarily":[273],"focused":[274],"firms\u2019":[276],"practices.":[279],"authors":[281],"introduce":[282],"unique":[284],"perspective":[285],"using":[287],"broader-level":[289],"novel":[290],"construct":[291],"designed":[292],"rating.":[297],"They":[298],"argue":[299],"it":[301],"essential":[303],"firms":[305],"developing":[307],"economies":[308],"like":[309],"India":[310],"appreciate":[312],"imbibe":[314],"diversity,":[315],"people":[318],"measures":[320],"better":[322],"performance.":[323]},"counts_by_year":[{"year":2026,"cited_by_count":3},{"year":2025,"cited_by_count":1}],"updated_date":"2026-11-10T11:39:43.021295","created_date":"2025-10-10T00:00:00"}
