Does board gender diversity affect firm risk-taking? Evidence from the French stock market

Maria Giuseppina Bruna, Rey Dang, Marie-José Scotto, Aymen Ammari
June 2017
PDF Cite DOI 10th Equality, Diversity and Inclusion Conference, Brunel Business School, Brunel University London, UK International Conference
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Abstract

Drawing from a sample of French companies that made up the SBF 120 index over the period 2006–2010 (before the enactment of the Copé–Zimmermann law on gender quotas on boards), this paper investigates the relationship between board gender diversity and firm risk-taking (measured by the variability of the return on assets). Using a generalized method of moments estimation, no evidence is found to support the assumption of a significant relationship between women on corporate boards and firm risk-taking. These results potentially can be relevant for policy makers and academic research.

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Aymen Ammari
Aymen Ammari
Assistant Professor of Finance

My research interests include Corporate finance, Behavioral finance and Corporate social responsibility.

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