Why is it a man's world, after all? Women on bank boards in India

Employing information on all publicly listed Indian banks covering the period 2003-2012, the study explores whether gender diversity impacts bank behaviour. The evidence suggests that the value addition to banks from the induction of women on their boards of directors is not compelling, although executive women directors enhance bank stability. Looking across ownership, the evidence suggests that gender diversity in state-owned banks enhances stability, but at the cost of lower profitability. (C) 2016 Elsevier B.V. All rights reserved.