Staneva Receives $35,000 Grant to Study Corporate Board Diversity

Viktoriya (Vicky) Staneva, professor of finance, has received a $35,000 research grant from Invest Ahead to examine how diversity and leadership on corporate boards relate to company performance.

Staneva is serving as principal investigator on the project, "Next-Generation Board Diversity Research," which explores how board diversity among large U.S. public companies has evolved, whether diverse directors hold leadership positions and how those factors relate to financial performance.

Invest Ahead is a nonprofit, nonpartisan organization focused on corporate board composition and governance. Its members include institutional investors, asset managers and corporations collectively representing more than $8 trillion in assets under management.

Staneva and co-author Karolina Krystyniak, professor of finance at Ontario Tech University, presented their research at Invest Ahead's annual meeting Nov. 6 in New York City. The presentation offered attendees an early look at the study's findings and their implications for corporate governance and board leadership.