Results
The means, standard deviations, reliabilities
and correlation coefficients are reported in
Table 1. Based on Table 1, board diversity had
a relative high mean (m = 0.25). As expected,
ROI time 2 and ROA time 2 were highly correlated
(r = 0.88). ROI time 2 was positively
correlated with board diversity (r = 0.21). ROA
time 2 was only marginally correlated with
board diversity. Board diversity was corre-