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The impact of board diversity on firm monitoring outcomes

  • School: Nottingham Business School
  • Starting: 2021
  • Funding: UK student / EU student (non-UK) / International student (non-EU) / Self-funded


The Global Financial Crisis 2007-2008 has led to the Great Recession and also collapses of many high-profile companies due to weak corporate governance mechanisms. Since then, there have been a number of regulatory guidelines issued around the world. It’s argued that one way to enhance the governance quality is to increase the number of women and those from an ethnic minority on the governing board. Internationally, US, and Scandinavian countries have required firms to improve board diversity and disclosure practices (Harjoto et al., 2015). While board diversity is documented as one of important mechanisms to improve governance quality, the findings on the effect of board diversity on organisation performance are mixed and inconclusive (Adams & Ferreira, 2009). Previous studies have mainly focused on gender or ethnic (race) diversity and ignored other important dimensions (e.g., tenure and expertise). Little research has examined the impact of the different dimensions of diversity on firm monitoring outcomes.

Applicants interested in conducting research in the areas of corporate governance, executive compensation and corporate social responsibility (CSR) are welcomed. In addition, applicants should submit a detailed research proposal which demonstrates their knowledge in this field, clear motivations, contributions and plans of their studies. Applicants should have a strong background in quantitative analysis and be familiar with econometric software such as SPSS or Stata.


Adams, R., & Ferreria, D. (2009). Women in the boardroom and their impact on governance and performance. Journal of Financial Economics, 94(2), 291–309.

Harjoto, M., Laksmana, I., & Lee, R. (2015). Board diversity and corporate social responsibility. Journal of Business Ethics, 132(4), 641-660.


Dr Yan Wang

Entry qualifications

An applicant for admission to read for a PhD should normally hold a first or upper second class honours degree of a UK university or an equivalent qualification, or a lower second class honours degree with a Master's degree at Merit level of a UK university or an equivalent qualification.

International students will also need to meet the English language requirements - IELTS 6.5 (with minimum sub-scores of 6.0). Applicants who have taken a higher degree at a UK university are normally exempt from the English language requirements. A research proposal (between 1,000 and a maximum of 2,000 words) must be submitted as part of the application.

For more information please visit the NTU Doctoral School – Research Degrees webpages.

How to apply

Applications are accepted all year round.

Please visit our how to apply page for a step-by-step guide and make an application.

Fees and funding

This is a self-funded PhD opportunity. Find out more information on fees and funding here.

Guidance and support

Further information on guidance and support can be found on this page.

Still need help?

Dr Yan Wang