Previous research on board diversity and firms’ innovation reported mixing results depending on the country studied. This paper is the first to investigate the association between three dimensions of board diversity: gender, education and tenure, and the innovation output of Canadian firms. We find that firms that have more than twenty-five percent of the board members as women are more innovative and corporate risk-taking is a mechanism for this effect. Board education diversity has a positive effect on innovation; however, we find no association between firms’ innovation and the experience diversity on the board or in the company.

中文翻译：

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董事会多元化与企业创新：来自加拿大背景的新证据

先前关于董事会多元化和公司创新的研究报告了不同国家的混合结果。本文首次调查了董事会多元化三个维度（性别、教育和任期）与加拿大公司创新产出之间的关联。我们发现，女性董事会成员超过 25% 的公司更具创新精神，而企业承担风险是产生这种影响的一种机制。董事会教育多元化对创新有积极影响；然而，我们发现公司的创新与董事会或公司的经验多样性之间没有关联。