... between 2007 and 2019 and employ multiple regression analyses, including propensity score matching and two-stage least squares methods. Findings Our analysis reveals a robust positive relationship between board ethnic diversity and firm value, with director age as a significant negative moderator...

... countries. Diversity in organizations Upper echelons theory Board composition Firm value Globalization’s advent has brought, beyond the restructuration of international economic relations, the portion of diversity and cultural exchange (Georgiadou et al., 2019 ; Hosny and Elgharbawy...