Figure 4
The diagram illustrates the integrative framework of board ethnic diversity, showing various antecedents at individual, social, firm, country, and global levels. It highlights how these antecedents influence board ethnic diversity, which in turn affects corporate financial and non-financial outcomes. The diagram includes mediators, moderators, and interactions that shape these relationships. Key components include firm financial situation, board diversity policy, corporate financial outcomes, and corporate non-financial outcomes. The flow of the diagram indicates how different factors at various levels contribute to board ethnic diversity and subsequently impact corporate performance and other outcomes.Integrative framework of BED. Source(s): Authors’ own work