The impact of gender-diverse audit committees on risk management effectiveness in GCC firms

L'impact des comités d'audit mixtes sur l'efficacité de la gestion des risques dans les entreprises du CCG

Pascale Baaklini () and Tarek Mejri ()
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Pascale Baaklini: Institut d'économie scientifique et de gestion
Tarek Mejri: LITEM - Laboratoire en Innovation, Technologies, Economie et Management (EA 7363) - UEVE - Université d'Évry-Val-d'Essonne - Université Paris-Saclay - IMT-BS - Institut Mines-Télécom Business School - IMT - Institut Mines-Télécom [Paris]

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Abstract: This study explores the impact of gender diversity in audit committees on risk management within Gulf Cooperation Council firms. Analyzing data from 180 public companies over a decade, we found a negative correlation between the number of women on audit committees and operational risk, suggesting that female representation enhances risk management. However, this gender diversity does not significantly affect financial risk as measured by financial leverage. Women with accounting expertise positively influenced operational risk management but were associated with higher financial leverage, indicating a strategic approach to financial risk-taking. The presence of foreign women on audit committees and the size and frequency of committee meetings also played a role in risk management. Overall, our findings support increased gender diversity on audit committees as a strategic asset for effective risk management in GCC firms.

Keywords: Gender Diversity; Risk Management; GCC Firms; Operational Risk; Financial Risk; Gestion des risques; Entreprises du CCG; Risque opérationnel; Risque financier; Diversité des genres (search for similar items in EconPapers)
Date: 2024-10-25
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Published in American Accounting Association (AAA) 2024 Joint Meeting of the Diversity and Teaching, Learning and Curriculum Sections, American Accounting Association, Oct 2024, St. Louis, MO, United States

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-05039982

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