Publication: Women in power with power: the influence of meaningful board representation on default risk
| dc.contributor.author | Abinzano Guillén, María Isabel | |
| dc.contributor.author | Martínez García, Beatriz | |
| dc.contributor.author | Poletti Hughes, Jannine | |
| dc.contributor.department | Gestión de Empresas | es_ES |
| dc.contributor.department | Enpresen Kudeaketa | eu |
| dc.contributor.department | Institute for Advanced Research in Business and Economics - INARBE | en |
| dc.contributor.funder | Universidad Pública de Navarra / Nafarroako Unibertsitate Publikoa, Research Grant for Young Researchers 2023 | es |
| dc.date.accessioned | 2023-09-11T15:45:22Z | |
| dc.date.available | 2023-09-11T15:45:22Z | |
| dc.date.issued | 2023 | |
| dc.date.updated | 2023-09-11T15:30:39Z | |
| dc.description.abstract | This paper examines the relationship between the presence of female board members and firms' corporate default risk. We find an inverted “U-shaped” relationship for a sample of 917 firms in 19 emerging markets for the period 2005–2019. We also show that, consistent with critical mass theory, boards need to have three or more female directors to significantly reduce default risk. Furthermore, having female directors with an independent role on the board in countries with less familial dominance, or having female directors with a leadership position, significantly reduces default risk. Finally, we find a positive effect of the interaction between a country's gender inequality and board gender diversity on default risk. | en |
| dc.description.sponsorship | This work was supported by MCIN/AEI/10.13039/501100011033 (grant PID2019-104304GB-I00), the Ramón Areces Foundation (CISP17A5891), and the UPNA Research Grant for Young Researchers, Edition 2023. Open access funding provided by Universidad Pública de Navarra. | en |
| dc.format.mimetype | application/pdf | en |
| dc.identifier.citation | Abínzano, I., Martínez, B., Poletti-Hughes, J. (2023) Women in power with power: the influence of meaningful board representation on default risk. International Review of Financial Analysis, 89, 1-15. https://doi.org/10.1016/j.irfa.2023.102771. | en |
| dc.identifier.doi | 10.1016/j.irfa.2023.102771 | |
| dc.identifier.issn | 1057-5219 | |
| dc.identifier.uri | https://academica-e.unavarra.es/handle/2454/46259 | |
| dc.language.iso | eng | en |
| dc.publisher | Elsevier | en |
| dc.relation.ispartof | International Review of Financial Analysis, 89 (2023) 102771 | en |
| dc.relation.projectID | info:eu-repo/grantAgreement/AEI/Plan Estatal de Investigación Científica y Técnica y de Innovación 2017-2020/PID2019-104304GB-I00/ES/ | en |
| dc.relation.publisherversion | https://doi.org/10.1016/j.irfa.2023.102771 | |
| dc.rights.accessRights | Acceso abierto / Sarbide irekia | es |
| dc.rights.accessRights | info:eu-repo/semantics/openAccess | en |
| dc.rights.uri | http://creativecommons.org/licenses/by/4.0/ | |
| dc.subject | Black-Scholes-Merton model | en |
| dc.subject | Critical mass | en |
| dc.subject | Default risk | en |
| dc.subject | Female directors | en |
| dc.title | Women in power with power: the influence of meaningful board representation on default risk | en |
| dc.type | Artículo / Artikulua | es |
| dc.type | info:eu-repo/semantics/article | en |
| dc.type.version | Versión publicada / Argitaratu den bertsioa | es |
| dc.type.version | info:eu-repo/semantics/publishedVersion | en |
| dspace.entity.type | Publication | |
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