Does board gender diversity affect firm risk-taking? Evidence from the French stock market

被引：36

作者：

Bruna, Maria Giuseppina ^{[1
]}

Dang, Rey ^{[2
]}

Scotto, Marie-Jose ^{[3
]}

Ammari, Aymen ^{[4
]}

机构：

[1] IPAG Business Sch, IPAG Chair Inclus Co, Paris, France

[2] ISTEC, CERI, Paris, France

[3] IPAG Business Sch, Nice, France

[4] EM Strasbourg Business Sch, Strasbourg, France

来源：

JOURNAL OF MANAGEMENT AND GOVERNANCE | 2019年 / 23卷 / 04期

关键词：

Women on corporate boards; Risk-taking; Gender diversity; Endogeneity; CORPORATE SOCIAL-RESPONSIBILITY; PANEL-DATA; PERFORMANCE; GOVERNANCE; WOMEN; DIRECTORS; IMPACT; MANAGEMENT; OWNERSHIP; DISCLOSURE;

D O I：

10.1007/s10997-019-09473-1

中图分类号：

C93 [管理学];

学科分类号：

12 ; 1201 ; 1202 ; 120202 ;

摘要：

Drawing from a sample of French companies that made up the SBF 120 index over the period 2006-2010 (before the enactment of the Cope-Zimmermann law on gender quotas on boards), this paper investigates the relationship between board gender diversity and firm risk-taking (measured by the variability of the return on assets). Using a generalized method of moments estimation, no evidence is found to support the assumption of a significant relationship between women on corporate boards and firm risk-taking. These results potentially can be relevant for policy makers and academic research.

引用

页码：915 / 938

页数：24

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