Professor Baker's co-authored paper, "Board Diversity and Firm Performance: The Role of Contextual Variables," examines the dynamic relationship between board diversity and firm performance in an Indian context using a systems generalized method of moments and control function approach. The baseline analysis shows that board diversity positively influences accounting performance but negatively affects market performance. Overall, these results highlight the critical role of performance measurement and contextual variables in the diversity–performance nexus.

Read the paper here.