Does board ethnic diversity mitigate bankruptcy risk?

被引:0
|
作者
Cho, Eunho [1 ]
Joo, Mohammad Hashemi [2 ]
机构
[1] North Carolina A&T State Univ, Dept Accounting & Finance, Greensboro, NC USA
[2] Calif State Univ, Dept Finance & Law, Los Angeles, CA 90032 USA
关键词
Board ethnic diversity; Board diversity; Bankruptcy; Minority directors; CORPORATE SOCIAL-RESPONSIBILITY; FIRM; GOVERNANCE; PERFORMANCE; DIRECTORS; FRAMEWORK; LEVERAGE;
D O I
10.1016/j.irfa.2024.103588
中图分类号
F8 [财政、金融];
学科分类号
0202 ;
摘要
We investigate the relationship between the ethnic diversity of corporate boards, measured by the ratio of minority directors, and bankruptcy risks among manufacturing firms included in S&P 1500. Our findings indicate that companies with a higher representation of minority directors on their boards demonstrate decreased bankruptcy risks compared to companies with lower levels of minority board diversity. This study implies that boards with diverse ethnic backgrounds are better equipped to make balanced decisions and manage bankruptcy risks.
引用
收藏
页数:9
相关论文
共 50 条
  • [21] Does Ethnic Diversity Reduce Economic Complexity?
    Nvuh-Njoya, Youssouf
    Tadadjeu, Sosson
    Njangang, Henri
    BULLETIN OF ECONOMIC RESEARCH, 2025,
  • [22] Does ethnic diversity hurt fiscal sustainability?
    Siddique, Abu Bakkar
    ECONOMICS BULLETIN, 2021, 41 (02): : 532 - 543
  • [23] NHS chief berates lack of ethnic diversity at board level
    Limb, Matthew
    BMJ-BRITISH MEDICAL JOURNAL, 2014, 348
  • [24] Does board diversity influence idiosyncratic risk: Empirical evidence from Chinese listed firms
    Ali, Furman
    Khan, Muhammad Awais
    Zahid, Zohaib
    Hussain, Khadim
    INVESTMENT ANALYSTS JOURNAL, 2024,
  • [25] THE EFFECT OF CORPORATE SOCIAL RESPONSIBILITY AND BOARD GENDER DIVERSITY ON BANKRUPTCY: EVIDENCE FROM KOREA
    Nam, Hyun-Jung
    An, Yohan
    ASIAN ACADEMY OF MANAGEMENT JOURNAL, 2021, 26 (02) : 53 - 74
  • [26] The board of directors and CSR: How does ideological diversity on the board impact CSR?
    Olthuis, Benjamin R.
    van den Oever, Kornelis F.
    JOURNAL OF CLEANER PRODUCTION, 2020, 251
  • [27] Corporate board attributes and bankruptcy
    Platt, Harlan
    Platt, Marjorie
    JOURNAL OF BUSINESS RESEARCH, 2012, 65 (08) : 1139 - 1143
  • [28] Does board gender diversity improve stock liquidity?
    Li, Ziqian
    Cotton, Deborah
    Walsh, Kathleen
    Xu, Jing
    JOURNAL OF ACCOUNTING LITERATURE, 2024,
  • [29] Does board gender diversity reduce 'CEO luck'?
    Ongsakul, Viput
    Jaroenjitrkam, Anutchanat
    Treepongkaruna, Sirimon
    Jiraporn, Pornsit
    ACCOUNTING AND FINANCE, 2022, 62 (01): : 243 - 260
  • [30] Does board diversity affect firm performance in Kuwait?
    Alqatan, Ahmad
    Hussainey, Khaled
    Hichri, Abir
    REVIEW OF ACCOUNTING AND FINANCE, 2025,