Board gender diversity and firms' financial resilience during the Covid-19 pandemic

被引:2
|
作者
Azeem, Naveed [1 ]
Ullah, Muhammad [2 ]
Ullah, Farid [3 ]
机构
[1] Iqra Natl Univ, Dept Business Adm, Peshawar, Pakistan
[2] Ghulam Ishaq Khan Inst Engn Sci & Technol, Sch Management Sci, Topi 23640, Swabi, Pakistan
[3] Xijing Univ, Sch Accounting, Xian, Shaanxi, Peoples R China
关键词
Women on board; Gender diversity; COVID-19; crisis; Financial resilience; Survival analysis; PERFORMANCE; WOMEN;
D O I
10.1016/j.frl.2023.104332
中图分类号
F8 [财政、金融];
学科分类号
0202 ;
摘要
This paper examines the impact of boardroom gender diversity on firms' financial resilience during the COVID-19 pandemic. On the positive side, gender diversity may bring diverse per-spectives to the boardroom, but on the negative side, it can also lead to conflicts and slower decision-making in crises. Using survival analysis on a sample of 5,179 global firms, we find that high gender diversity prolongs the recovery time of firms' share prices after the shock, indicating lower resilience. This effect is observed in countries with female directorship quotas, strong governance, and lower GDP per capita.
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页数:13
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