Board gender composition and debt financing
ORCID Identifiers
Document Type
Article
Source of Publication
International Journal of Finance and Economics
Publication Date
1-1-2020
Abstract
© 2020 John Wiley & Sons, Ltd. There is a recent upsurge in calls for more women on corporate boards around the world; however, a perception of women being risk-averse that is created by lottery and gambling studies has affected women's advancement in their career ladder. Our study investigates women's risk averseness when they are on corporate boards in the context of a firm's use of debt financing. Using a unique Australian setting, we find that women on the board have a positive association with the firm's use of debt financing. This suggests that firms with women on the board are not conservative in using debt financing. Our results are robust to the use of alternative measures of gender diversity and to a series of sensitivity checks including propensity score matching, difference-in-differences and two-stage least square techniques.
DOI Link
ISSN
Publisher
John Wiley and Sons Ltd
Disciplines
Business
Keywords
board gender composition, debt financing, risk-averse
Scopus ID
Recommended Citation
Ahmed, Ammad and Atif, Muhammad, "Board gender composition and debt financing" (2020). All Works. 713.
https://zuscholars.zu.ac.ae/works/713
Indexed in Scopus
yes
Open Access
no