The influence of board gender diversity on corporate risk taking in US non-financial firms
Independent thesis Advanced level (degree of Master (One Year)), 20 HE creditsStudent thesis
This paper examines the relationship between board gender diversity and corporate risk taking within 403 US non-financial firms listed on the S&P 500 over the period 2002-2014. In the existing literature the impact of board gender diversity on firm outcome (e.g. risk taking) is still indistinct. It is argued that female directors may differ from male directors with regard to their risk attitude and this, in turn, may influence board’s monitoring ability and its decision-making process. However, even after employing numerous robustness tests, I find no significant evidence that an increase in female representation within the board of directors will affect firm risk. It is also exhibited that the relationship is subject to unobserved heterogeneity that leads to biased OLS results. Firms should take this evidence into account during the composition of its board of directors.
Place, publisher, year, edition, pages
2016. , 45 p.
Economics and Business
IdentifiersURN: urn:nbn:se:uu:diva-279250OAI: oai:DiVA.org:uu-279250DiVA: diva2:907747
Master Programme in Business and Management
Ararat, M., Prof.