Utilize este identificador para referenciar este registo:
https://hdl.handle.net/1822/79980
Título: | Gender quotas and bank risk |
Autor(es): | Liao, Rose C. Loureiro, Gilberto Taboada, Alvaro G. |
Palavras-chave: | Gender quotas Board of directors Stand-alone bank risk Systemic risk Risk management Board monitoring |
Data: | 2022 |
Editora: | Universidade do Minho. Núcleo de Investigação em Políticas Económicas (NIPE) |
Resumo(s): | We assess the effects of board gender quota laws using a sample of banks from 39 countries. We document an increase in both stand-alone and systemic risk post-quota among banks that did not meet the quota prereform; the effect is stronger for banks in countries with a smaller pool of women in finance and low gender equality. We find that the propagation of poor governance practices by overlapping female directors and deterioration in the information environment post quota are likely channels driving the results. The evidence is consistent with some banks “gaming” the reform by strategically appointing insiders, which weakens the board’s monitoring function. Our results have policy implications and suggest that supply-side factors are key determinants of the outcome of mandated quotas. |
Tipo: | Documento de trabalho |
URI: | https://hdl.handle.net/1822/79980 |
Versão da editora: | https://nipe.eeg.uminho.pt/en/nipe-publications/#documentos-de-trabalho |
Acesso: | Acesso aberto |
Aparece nas coleções: | NIPE - Documentos de Trabalho |
Ficheiros deste registo:
Ficheiro | Descrição | Tamanho | Formato | |
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WP-09.2022.pdf | Gender Quotas and Bank Risk | 1,37 MB | Adobe PDF | Ver/Abrir |