Gender Diversity and Corporate Resilience to Climate Change: Evidence from Greenfield Investments

Ming Yan William Cheung and Bihong Huang

No 2024/157, IMF Working Papers from International Monetary Fund

Abstract: This paper examines the impact of board gender diversity on the performance of firms whose greenfield investments are struck by natural disasters. We find that corporations with more diverse boards are more likely to earn higher net income but less likely to have negative earnings in front of natural disasters. Further analyses indicate that those corporations with more diverse boards invest less in countries vulnerable to climate change but more in countries ready to adapt for climate change. They have lower exposure to environmental policy risks and are more likely to establish dedicated committees to oversee the risks.

Keywords: board gender diversity; climate change; natural disaster; greenfield investment; IMF working paper WP 24/157; time prefix; nonfinancial firm; Women; Natural disasters; Gender diversity; Global; East Asia (search for similar items in EconPapers)
Pages: 46
Date: 2024-07-19
New Economics Papers: this item is included in nep-env and nep-gen
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