Purpose This paper examines contextual factors that affect the association between board gender diversity and firm performance. Design/methodology/approach The authors use a global sample of listed firms in the tourism industry in 30 countries from 2015 to 2020. Findings First, firm performance...

We develop a firm-specific measure of the most important intangible asset - organization capital - and document that organization capital is associated with five years of future operating and stock return performance, after controlling for other factors. Thus, our organization capital measure...