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that board gender diversity significantly deters the opportunistic timing of option grants. The effect of board gender … diversity is 17.19% stronger than that of board independence in reducing CEO luck. Board gender diversity plays an effective … governance role, even more effective than board independence does. Our results support the benefits of board gender diversity in …
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We investigate the effect of board gender diversity on managerial risk-taking incentives. Our results demonstrate that … companies with stronger board gender diversity provide more powerful executive risk-taking incentives. It appears that female … directors’ risk aversion exacerbates managers’ risk aversion, resulting in a sub-optimal level of risk-taking. To offset this …
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Motivated by the debate on gender inequality, we study CEO gender and CEO age. Because women face significantly more … be driven by endogeneity. Because it is substantially harder for women to become a CEO, those who are successful must …
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difficulty of shareholder litigation, we explore the effect of shareholder litigation rights on board gender diversity. Our …
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We explore the effect of economic policy uncertainty on board gender diversity. Prior research shows that female … directors play a beneficial role. The advantage of board gender diversity should be particularly helpful when firms have to … navigate an uncertain environment. So, we hypothesize that firms adjust their board gender diversity in response to economic …
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emphasis on board gender diversity.Design/methodology/approach – We exploit a novel measure of takeover vulnerability based on ….Findings – Our results show that a more active takeover market leads to lower board gender diversity. Specifically, a rise in … takeover vulnerability by one standard deviation results in a decline in board gender diversity by 10.01%. Moreover, stronger …
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