BIP! Finder - Gender diversity and bank misconduct

2021 • Gender diversity and bank misconduct

Authors: Arnaboldi, F.; Casu, B.; Gallo, A.; Kalotychou, E.; Sarkisyan, A.

Venue: Journal of Corporate Finance

Type: Publication

Abstract: This paper investigates whether gender-diverse bank boards can play a role in preventing costly misconduct episodes. We exploit the fines received by European banks from US regulators to reduce endogeneity issues related to supervisory and governance mechanisms. We show that greater female representation significantly reduces the frequency of misconduct fines, equivalent to savings of $7.48 million per year. Female directors are more influential when they reach a critical mass and are supported by women in leadership roles. The mechanism throug... (read more)

Impact:

6.853976E-8 4.6631277E-9 71 69

/ Attention: 0 19

Topics: Accounting Demographic economics

DOI: 10.1016/j.jcorpfin.2020.101834

External links: Crossref OpenAIRE

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