... and tenure diversity are positively associated with return on assets and return on equity, suggesting their strategic value in improving firm outcomes. In contrast, age diversity consistently exhibits a negative relationship with performance, lending support to social categorisation theory, which posits...

... might impair their capacity to act in the best interests of shareholders. Thus, compromising their ability to challenge risky or suboptimal decisions (Bravo and Reguera‐Alvarado, 2017 ; Ji et al., 2021). In such a scenario, tenure diversity offers an optimal balance by combining the experience...