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Female directors in bank boardrooms and their influence on performance and risk-taking
Gulamhussen, Azzim Fonte Santa, Silvia
Gulamhussen, Azzim
Fonte Santa, Silvia
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Publication Type
Journal article
Editor
Supervisor
Publication Year
2015
Journal
Global Finance Journal
Book
Publication Volume
28
Publication Issue
October
Publication Begin page
10
Publication End page
23
Publication NUmber of pages
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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.
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Keywords
Accounting & Finance