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Board gender diversity and strategic change

Integrating information and social categorization perspectives

Bibliographic Data

ID22236179
AuthorsXiaoying Chang (0000-0001-6643-3886, Lanzhou University of Technology, corresponding author), Juchen Huang (Lanzhou University), Tienan Wang (0000-0003-0050-2644, Harbin Institute of Technology), Yu Wang (0009-0005-4222-2626, Lanzhou University)
Year2025
Volume12
Issue1
Publication date2025-11-03
Peer ReviewedYes
Open AccessYes
TypeARTICLE
VenueHumanities and Social Sciences Communications (JOURNAL)
Journal identifiersISSN: 2662-9992 • E-ISSN: 2662-9992
PublisherSpringer Science and Business Media LLC (PUBLISHER)
DOI10.1057/s41599-025-05930-5
OpenAlexW4415816011
LanguageEN
References cited50

Previous studies have predominantly investigated the linear relationship between board gender diversity and strategic change, yielding mixed results. This study aims to examine a curvilinear relationship between these two constructs. We argue that board gender diversity can affect strategic change using both the information and conflict effects, which oppositely affect strategic change. The two effects dominate each other at different levels of board gender diversity, producing a curvilinear board gender diversity-strategic change relationship. Using a sample of Chinese listed manufacturing firms, we employed a fixed effects model to test these predictions. We find that there is an inverted U-shaped relationship between board gender diversity and strategic change. This relationship is strengthened by industry dynamism such that both the positive and negative effects of board gender diversity on strategic change are enhanced at low and high levels, respectively, of board gender diversity when industry dynamism is high. Our findings enrich the existing body of literature by proposing a more complex board gender diversity-strategic change relationship than prior research has suggested. Additionally, we underscore the necessity of integrating information and social categorization perspectives to achieve a more profound comprehension of how board gender diversity affects board dynamics

Categorization · Dynamism · Gender diversity · Corporate Finance and Governance · Family Business Performance and Succession · Gender Diversity and Inequality

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