Literature Review Women on boards and in TMTS and firm performance70 3 5 3 Motivation behind the development of diversity promotion programs The closed question on the main drivers behind the development of diversity programs allows for mul tiple answers Most frequently mentioned drivers for developing diversity promotion programs are ethical motifs whereas only one fifth gives econo mic objectives as a reason in this context I assume that the respective companies consider diversity as a profitable value in economic terms These results support my hypothesis that the majority of com panies does not employ an economic perspective on the topic of diversity but follows the discrimi nation and fairness paradigm instead A third of respondents indicates that external regulators are key drivers for planning and implementation of di versity programs Although diversity programs in the latter case are likely rather an onerous fulfill ment of an obligation than a success factor from a company s point of view they prove the efficacy of political interference This is opposed by another fifth of the surveyed companies which has not im plemented any diversity promotion measures to date Figure 3 6 displays the frequency of motifs mentioned in graphical form Figure 3 6 Motifs for developing diversity promotion programs 40 35 30 25 20 17 38 32 13 20 8 15 10 5 0 multiple answers allowed internal economic motifs internal ethical motifs external regulatory influence other factors motifs unknown no diversity programs in place Gender diversity on corporate boards and in TMTs in practice

Vorschau DIRK-Forschungsreihe Band 21 Workforce diversity and personal policies Seite 70
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