Australian firms hire an increasing number of foreign directors who bring various cultural perspectives to their boards' conversations. We evaluate the effect of board cultural diversity contributed by foreign directors on firm performance for a sample of Australian companies, constituents of...

Applying a mixed theoretical approach, this paper addresses the causal relationship between the presence of women on steering committees (SC) and in senior management positions and the firm's stock return, measured through the price-earnings ratio (P/E). To do so, we disaggregate the composition...