This $350,000 Project Grant from the National Science Foundation Division of Social and Economic Science under the Social, Behavioral, and Economic Sciences program (CFDA 47.075) will fund research at Michigan State University from October 1, 2021 to September 30, 2024 examining board composition and firm effectiveness as it relates to diversity as an organizational capability. A subaward of $50,000 will support related research at the University of Florida assessing how board diversity influences organizational capabilities and financial performance, as well as examining relationships between board member demographic and experience-based characteristics. The grant aims to advance understanding of how organizations can better leverage diversity on corporate boards to enhance capabilities and performance, with findings applicable to many states that have instituted or are considering requirements for gender and racial diversity in board composition.
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