Board Gender Diversity and Its Risk Monitoring Role: Is It Significant

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dc.citation.issue1
dc.citation.volume14
dc.contributor.authorLee-Hwei Khaw K
dc.contributor.authorLiao J
dc.date.available2018-08-15
dc.date.issued2018-08-15
dc.description.abstractIn recent years, there is an urgent call to strengthen board composition to safeguard against expropriation of shareholders’ interest and to reinforce public confidence, specifically in a weaker governance setting. Board gender diversity receives considerable attention within the issues of corporate governance. This is because female directors are found to be more active in monitoring activities, cautious in decision making, less aggressive and risk averse as compared to male directors. We support this argument with evidence from a sample of listed firms in Malaysia. In line with the literature, we show that female directors play a significant monitoring role in reducing corporate risk taking behaviour. Our results are robust to endogeneity concern. Since board gender diversity plays a significant risk monitoring role, we recommend that there should be a continuous call to appoint female directors to the boardrooms among Malaysian listed firms to diversify the ‘old boys club’ corporate boardrooms.
dc.description.confidentialfalse
dc.format.extent83 - 106
dc.identifierhttps://ejournal.usm.my/aamjaf/article/view/aamjaf_vol14-no1-2018_4
dc.identifier.citationAsian Academy of Management Journal of Accounting and Finance, 2018, 14 (1), pp. 83 - 106
dc.identifier.doi10.21315/aamjaf2018.14.1.4
dc.identifier.eissn2180-4192
dc.identifier.elements-id413554
dc.identifier.harvestedMassey_Dark
dc.identifier.issn1823-4992
dc.languageEnglish
dc.publisherAsian Academy of Management (AAM) and Penerbit Universiti Sains Malaysia
dc.publisher.urihttps://ejournal.usm.my/aamjaf/article/view/aamjaf_vol14-no1-2018_4
dc.relation.isPartOfAsian Academy of Management Journal of Accounting and Finance
dc.rights© Asian Academy of Management and Penerbit Universiti Sains Malaysia, 2018. This work is licensed under the terms of the Creative Commons Attribution (CC BY) (http://creativecommons. org/licenses/by/4.0/).
dc.subjectfemale directors
dc.subjectrisk monitoring
dc.subjectcorporate risk taking
dc.subjectcorporate governance
dc.subjectboard gender diversity
dc.subject.anzsrc1501 Accounting, Auditing and Accountability
dc.subject.anzsrc1502 Banking, Finance and Investment
dc.titleBoard Gender Diversity and Its Risk Monitoring Role: Is It Significant
dc.typeJournal article
pubs.notesNot known
pubs.organisational-group/Massey University
pubs.organisational-group/Massey University/Massey Business School
pubs.organisational-group/Massey University/Massey Business School/School of Economics and Finance
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