ABSTRACT

This research aims to determine the impact of board diversity on energy and mining firms in the emerging countries in South East Asia and each firm’s stock price crash risk in 2015–2019. The diversity in this research includes the board’s background diversity and the board’s quantity diversity. This research applied a cross-sectional data panel of ordinary least squares (OLS) to obtain its final data. The result of this research shows that board diversity does not influence the stock price crash risk. Significantly, the influence of the independent variable on the dependent variable was found only for the quality of board’s education background and board’s average tenure of the firm.