Board composition and forms of innovation: does diversity make a difference?

Previous research brought evidence of the influence of board composition for bringing strategic resources for innovation, as well as evidence of positive outcomes of board diversity. Only a few studies have investigated the effects of various indicators of board diversity on innovation. In this paper, we will explore the relationship between several aspects of board diversity (gender and age) and four types of innovation, i.e. product, process, organizational, marketing from a sample of 176 French firms based on data from French Community Innovation Survey (CIS) in 2008 and annual reports. Our results show evidence of the influence of board diversity on all types of innovation except process innovation. Findings provide discussions for the impact of board diversity on innovation.