Prior evidence suggests that the presence of women on director boards increases the quantity and quality of public disclosure by firms. To explore this on Pakistan, we examined gender diversity in the corporate board and its relationship with information asymmetry in the stock market of...

Using a novel text-based measure of top management team diversity, covering over 70,000 top executives in over 6,500 U.S. firms from 1999 to 2014, we show that analyst forecasts are systematically more pessimistic for firms with more diverse top management teams ("diverse firms"), especially for...

We show that key congress characteristics influence stock market outcomes, and under-diversified congress depresses the performance and upsurge the volatility in the stock market. Our key hypotheses is that congress background influences type, quantity and quality of bills passed, and hence...