Executives’ gender-diversity, education, and firm’s bankruptcy risk: Evidence from China

Eunho Cho, Collins Okafor, Nacasius Ujah and Linmei Zhang

Journal of Behavioral and Experimental Finance, 2021, vol. 30, issue C

Abstract: We empirically investigate the relationship between the gender-diversity and bankruptcy risks in Chinese-listed manufacturing firms. We also investigate whether the executives’ education level moderates the relationship between the gender-diversity and bankruptcy risk. Using a sample of 4079 firm-year observations from 2005–2016, we find that, at the executives’ level, firms with greater gender-diversity have a lower propensity for bankruptcy risk compared to firms with lower gender-diversity. More importantly, we find that the higher educational level strengthens this negative relationship between gender-diversity and bankruptcy.

Keywords: Altman Z; Bankruptcy risk; China; Executives’ education; Executives’ gender (search for similar items in EconPapers)
JEL-codes: G33 M10 M12 (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (6)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S2214635021000447

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:beexfi:v:30:y:2021:i:c:s2214635021000447

DOI: 10.1016/j.jbef.2021.100500

Access Statistics for this article

Journal of Behavioral and Experimental Finance is currently edited by Michael Dowling and Jürgen Huber

More articles in Journal of Behavioral and Experimental Finance from Elsevier
Bibliographic data for series maintained by Catherine Liu ().