When Diversity Meets Experience: Unpacking the Tension between Board Diversity and CEO Experience in East African Listed Firms

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Board diversity positively influences financial performance in East African listed companies, highlighting its importance.
A significant finding shows that CEO experience can weaken the positive effect of board diversity on financial outcomes.
The analysis used fixed-effects regression on secondary data from multiple East African stock exchanges, supporting robust conclusions.
More female directors enhance the impact of diversity on financial performance, but their representation should not exceed 30%.

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Assessment reveals board diversity affects financial performance in East African firms, suggesting the role of CEO experience compounds this effect.

Mshana et al. (2025) studied this question.

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Assessment reveals board diversity affects financial performance in East African firms, suggesting the role of CEO experience compounds this effect.