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Publication Detailed Description
Female directors in bank boardrooms and their influence on performance and risk-taking
Journal Title
Global Finance Journal
Year (definitive publication)
2015
Language
English
Country
United States of America
More Information
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Abstract
We assess the role of women in bank boardrooms in a sample of 461 large banks from OECD countries. After controlling for bank and country specific effects, we find that the presence and percentage of female directors in boardrooms have a positive influence on performance. We also find a negative relation between the presence of women in boardrooms and risk-taking. These relations hold for the supervisory board, and with some exceptions for the audit committee. For a sub-sample of 134 listed banks we find that markets positively value the presence of women on the board, supervisory board and audit committee.
Acknowledgements
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Keywords
Banks,Board of directors,Government policy and regulation,Gender diversity
Fields of Science and Technology Classification
- Economics and Business - Social Sciences
Funding Records
| Funding Reference | Funding Entity |
|---|---|
| PTDC/EGE-ECO/114977/2009 | Fundação para a Ciência e a Tecnologia |
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