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Female directors in bank boardrooms and their influence on performance and risk-taking

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  • Gulamhussen, Mohamed Azzim
  • Santa, Sílvia Fonte

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.

Suggested Citation

  • Gulamhussen, Mohamed Azzim & Santa, Sílvia Fonte, 2015. "Female directors in bank boardrooms and their influence on performance and risk-taking," Global Finance Journal, Elsevier, vol. 28(C), pages 10-23.
    • Handle: RePEc:eee:glofin:v:28:y:2015:i:c:p:10-23
    DOI: 10.1016/j.gfj.2015.11.002
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    More about this item

    Keywords

    Banks; Board of directors; Government policy and regulation; Gender diversity;
    All these keywords.

    JEL classification:

    • G20 - Financial Economics - - Financial Institutions and Services - - - General
    • G30 - Financial Economics - - Corporate Finance and Governance - - - General
    • G38 - Financial Economics - - Corporate Finance and Governance - - - Government Policy and Regulation
    • J16 - Labor and Demographic Economics - - Demographic Economics - - - Economics of Gender; Non-labor Discrimination

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