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How does the gender diversity of CEO and CFO affect the firm risk?

Fock, Olli LU and Slater, John LU (2019) BUSN79 20191
Department of Business Administration
Abstract
The purpose of this study is to investigate the impact of CEO and CFO gender on firm risk-taking behavior with respect to the theory of management homogeneity and traditional risk-taking behavior differences between men and women within a market that has not instituted any gender quotas but has been successful in promoting female leadership.The results are that traditional upper echelon characteristics of the top managers and gender are not statistically or economically significant for the financial risk level of a company, with the exception of CEO and CFO tenure for certain risk measures. Thus, the Upper Echelons Theory does not appear to be applicable to financial risk, nor does gender appear to have any impact on the risk level of the... (More)
The purpose of this study is to investigate the impact of CEO and CFO gender on firm risk-taking behavior with respect to the theory of management homogeneity and traditional risk-taking behavior differences between men and women within a market that has not instituted any gender quotas but has been successful in promoting female leadership.The results are that traditional upper echelon characteristics of the top managers and gender are not statistically or economically significant for the financial risk level of a company, with the exception of CEO and CFO tenure for certain risk measures. Thus, the Upper Echelons Theory does not appear to be applicable to financial risk, nor does gender appear to have any impact on the risk level of the firm. (Less)
Please use this url to cite or link to this publication:
author
Fock, Olli LU and Slater, John LU
supervisor
organization
course
BUSN79 20191
year
type
H1 - Master's Degree (One Year)
subject
language
English
id
8985482
date added to LUP
2019-09-30 14:04:19
date last changed
2019-09-30 14:04:19
@misc{8985482,
  abstract     = {{The purpose of this study is to investigate the impact of CEO and CFO gender on firm risk-taking behavior with respect to the theory of management homogeneity and traditional risk-taking behavior differences between men and women within a market that has not instituted any gender quotas but has been successful in promoting female leadership.The results are that traditional upper echelon characteristics of the top managers and gender are not statistically or economically significant for the financial risk level of a company, with the exception of CEO and CFO tenure for certain risk measures. Thus, the Upper Echelons Theory does not appear to be applicable to financial risk, nor does gender appear to have any impact on the risk level of the firm.}},
  author       = {{Fock, Olli and Slater, John}},
  language     = {{eng}},
  note         = {{Student Paper}},
  title        = {{How does the gender diversity of CEO and CFO affect the firm risk?}},
  year         = {{2019}},
}