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

Maria Giuseppina Bruna (), Rey Dang, Marie-José Scotto and Aymen Ammari ()
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Maria Giuseppina Bruna: IPAG Business School
Rey Dang: ISTEC
Marie-José Scotto: IPAG Business School

Journal of Management & Governance, 2019, vol. 23, issue 4, No 6, 915-938

Abstract: Abstract Drawing from a sample of French companies that made up the SBF 120 index over the period 2006–2010 (before the enactment of the Copé–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.

Keywords: Women on corporate boards; Risk-taking; Gender diversity; Endogeneity (search for similar items in EconPapers)
Date: 2019
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DOI: 10.1007/s10997-019-09473-1

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