Abstract
This article examines recent literature on corporate boards and the interplay between director gender and CEO turnover and how it affects firm performance after CEO turnover. The primary focus is board gender diversity and CEO job embeddedness in entrepreneurial firms. This article discusses gender diversity and the frequency of CEO turnover. This paper finds that board gender diversity is associated with lower CEO involuntary turnovers and better overall performance in entrepreneurial firms. The article highlights how board gender diversity, especially in small firms, provides a unique pathway to create firm value and examines recent evidence on how gender diverse board decreases the likelihood of CEO turnover, thus saving small firms from costly CEO replacement and poor firm performance after the CEO turnover.
JEL Codes
M12, M14, G34
Keywords
Boards, Directors, Board Effectiveness, Diversity, Gender, CEO Turnover, Entrepreneurship
Recommended Citation
Imes, Matthew; West, Mark; West, Jessica; and Yan, Shan
(2024)
"Board Gender Diversity, CEO Turnover, and Firm Performance in Entrepreneurial Firms,"
The Journal of Entrepreneurial Finance:
Vol. 26:
Iss.
1.
DOI: https://doi.org/10.57229/2373-1761.1485
Available at:
https://digitalcommons.pepperdine.edu/jef/vol26/iss1/1
Creative Commons License
This work is licensed under a Creative Commons Attribution-Noncommercial 4.0 License
Included in
Entrepreneurial and Small Business Operations Commons, Finance and Financial Management Commons, Performance Management Commons
