This study examines the relationship between demographic diversity in top management
levels with a firms' financial performance using 84 non-financial companies in Malaysia.
Demographic diversity consists of ethnic diversity and gender diversity. The top
management level includes both the top management team and the board of directors. This
study uses data from 2008 to 2012. Return on assets measures the financial performance.
Ethnic and gender diversity measured by the number of Non-Malays and the number of …

Ethnic and Gender Diversity in Top Level Management and Firm Performance: A Shareholder's
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in Top Level Management and Firm Performance: A Shareholder's Perspective Marimuthu …