Are gender-diverse banks less risk-averse? Evidence from the Kenyan commercial banks

Rogers Ochenge

No 79, KBA Centre for Research on Financial Markets and Policy Working Paper Series from Kenya Bankers Association (KBA)

Abstract: This paper examines the effect of board gender diversity on bank risk. The empirical analysis is conducted using 21 sample Kenyan commercial banks during the period 2010-2022 in a panel regression framework. Two key results are documented: first, that the share of women in Kenyan bank boards is low (sample average of about 19%), although it has made progress, rising from about 13% in 2010 to about 26% by end of 2022. Second, the paper provides evidence that increasing women directors in banks' boards, curtails excessive bank risk-taking and promotes bank stability. Thus, regulators may consider imposing gender quotas in bank boards as a way of mitigating bank risk.

Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:kbawps:297988

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