It is commonly believed that women are more likely to seek advice than men; for example, on aspects of health or asking for directions when lost. This paper investigates whether women’s relatively greater propensity for advice seeking extends to important business decisions, specifically those...

Adjustment of behavior to maintain risk, known as risk homeostasis, has previously been studied in a variety of psychological, health, social and economic contexts. This paper examines the evidence for risk homeostasis in corporate financial decisions involving mergers and acquisitions (M&As)....

Does director gender influence CEO empire building? Does it affect the bid premium paid for target firms? Less overconfident female directors less overestimate merger gains. As a result, firms with female directors are less likely to make acquisitions and if they do, pay lower bid premia. Using...

This paper examines the association between female director representation on corporate boards and mergers and acquisitions (M&As). Using acquisition bids initiated by the S&P 1500 firms during 1997-2009, we find that each ten-percent representation of female directors on a corporate board is...