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

Mohamed Azzim Gulamhussen and Sílvia Fonte Santa

Global Finance Journal, 2015, vol. 28, issue C, 10-23

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.

Keywords: Banks; Board of directors; Government policy and regulation; Gender diversity (search for similar items in EconPapers)
JEL-codes: G20 G30 G38 J16 (search for similar items in EconPapers)
Date: 2015
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (37)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:glofin:v:28:y:2015:i:c:p:10-23

DOI: 10.1016/j.gfj.2015.11.002

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