Ahern, K. R., Daminelli, D., & Fracassi, C. (2015). Lost in translation? The effect of cultural values on mergers around the world. Journal of Financial Economics, 117(1), 165-189.Available at: https://doi.org/10.1016/j.jfineco.2012.08.006.
Akpan, E. O., & Amran, N. A. (2014). Board characteristics and company performance: Evidence from Nigeria. Journal of Finance and Accounting, 2(3), 81-89.
Anderson, R., & Baker, H. K. (2010). Corporate governance: A synthesis of theory, research, and practices. Hoboken, NJ: John Wiley & Sons Inc.
Azutoru, I. H. C., Obinne, U. G., & Chinelo, O. O. (2017). Effect of corporate governance mechanisms on financial performance of insurance companies in Nigeria. Journal of Finance and Accounting, 5(3), 93-103.
Beugelsdijk, S., & Frijns, B. (2010). A cultural explanation of the foreign bias in international asset allocation. Journal of Banking & Finance, 34(9), 2121-2131.
Bianco, M., Ciavarella, A., & Signoretti, R. (2015). Women on corporate boards in I taly: The role of family connections. Corporate Governance: An International Review, 23(2), 129-144.
Bjørnskov, C. (2008). Social trust and fractionalization: A possible reinterpretation. European Sociological Review, 24(3), 271-283.
Bollerslev, T. (1986). Generalized autoregressive conditional heteroscedasticity. Journal of Econometrics, 31(1), 307-327.
De Wit, F., Greer, L., & Jehn, K. (2012). The paradox of intragroup conflict: A meta-analysis. Journal of Applied Psychology, 97(2), 360-390.
Denison, D. R., & Fisher, C. (2005). The role of the board of directors in shaping corporate: Reactive compliance or visionary leadership? Paper presented at the Changing the Game Forum: Reforming Americans Businesses” June 2-4, Beaver Creek, Colorando.
Duke II, J., & Edet, G. H. (2012). Organisational culture as a determinant of non-governmental organization performance: Primer evidence from Nigeria. International Business and Management, 4(1), 66-75.
Eulerich, M., Velte, P., & Uum, C. (2014). The impact of management board diversity on corporate performance: An empirical analysis for the German two-tier system. Problems and Perspectives in Management, 12(1), 20-35.
Ferreira, D. (2010). Board diversity, In Anderson, R., & Baker, H. K. (Eds.), Corporate governance: A synthesis of theory, research, and practices (pp. 225-242.). Hoboken, NJ: John Wiley & Sons Inc.
Frijns, B., Dodd, O., & Cimerova, H. (2016). The impact of cultural diversity in corporate boards on firm performance. Journal of Corporate Finance, 41(C), 521-541.
Garcia-Martin, C. J., & Herrero, B. (2018). Board of directors: Composition and effect on performance of the firm. Economic Research-Economic, 31(1), 1015-1041.
Kaplan, R. S., & Norton, D. P. (2004). Measuring the strategic readiness of intangible assets. Harvard Business Review, 82(2), 52-63.
Kazan, E. (2016). The impact of CEO compensation on firm performance in Scandinavia. Paper presented at the 8th IBA Conference, November 10th, Enschede, The Netherlands.
Lindstrom, A., & Svensson, J. (2016). Top management compensation and firm performance- A matter of context. Master’s Thesis, Uppsala University.
Masulis, R. W., Wang, C., & Xie, F. (2012). Globalizing the boardroom—the effects of foreign directors on corporate governance and firm performance. Journal of Accounting and Economics, 53(3), 527-554.
Milliken, F. J., & Martins, L. L. (1996). Searching for common threads: Understanding the multiple effects of diversity in organizational groups. Academy of Management Review, 21(2), 402-433.
Mutama, I. (2016). The relationship between executive compensation and financial performance in Nairobi Securities Exchange in Kenya. Master’s Thesis, University of Nairobi, Kenya.
Nederveen Pieterse, A., Van Knippenberg, D., & Van Dierendonck, D. (2013). Cultural diversity and team performance: The role of team member goal orientation. Academy of Management Journal, 56(3), 782-804.
Odiwo, W., Chukwuma, C., & Kifordu, A. (2016). The impact of corporate governance on the performance of manufacturing firms in Nigeria. International Journal of Science and Research, 5(9), 924-933.
Oparanma, A. (2010). The organizational culture and corporate performance in Nigeria. International Journal of African Studies, 3(2), 34-40.
Robinson, G., & Dechant, K. (1997). Building a business case for diversity. Academy of Management Executive, 11(1), 21-30.
Samina, R., & Ayab, M. (2013). The impact of bank specific and macroeconomic indicators on the profitability of commercial banks. The Romanian Economic Journal, 16(1), 22-36.
Schneider, B., Ehrhart, M. G., & Macey, W. H. (2013). Organizational climate and culture. Annual Review of Psychology, 64(1), 361-388.
Shabbir, M. S. (2018). Women on corporate boards and firm performance, preliminary results from Italian listed companies after the introduction of Gender Quota Law 120/2011. Journal of Business and Financial Affairs, 7(1), 316-321.Available at: https://doi.org/10.4172/2167-0234.1000316.
Shearman, L., & Sterling, L. L. (2018). The importance of adding culture to the board agenda. Lexology,19(September),1-5.
Unjunwa, A., Okoyeuzu, C., & Nwokoby, I. (2012). Corporate board diversity and firm performance: Evidence from Nigeria. Review of International Comparative Management, 13(4), 605-620.
Yesil, S., & Kaya, A. (2013). The effect of organizational culture on firm financial performance: Evidence from a developing country. Procedia-Social and Behavioral Sciences, 81, 428-437.Available at: https://doi.org/10.1016/j.sbspro.2013.06.455.
Zheng, W., Yang, B., & McLean, G. N. (2010). Linking organizational culture, structure, strategy, and organizational effectiveness: Mediating role of knowledge management. Journal of Business research, 63(7), 763-771.Available at: https://doi.org/10.1016/j.jbusres.2009.06.005.
This study received no specific financial support.
The authors declare that they have no competing interests.
Both authors contributed equally to the conception and design of the study.