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Kvinnor, storlek och risktagande

Nyrell, Lova LU ; Lundin, Agnes LU and Magnin, Daniel LU (2025) FEKH89 20242
Department of Business Administration
Abstract (Swedish)
Studiens syfte är att undersöka hur andelen kvinnor i styrelser och styrelsestorlek påverkar riskprofilen för bolag listade på Stockholmsbörsen. Vidare syftar studien till att undersöka sambandet mellan företags risktagande och andelen kvinnor i styrelsen när representationen når den kritiska massan.

Studien följer en kvantitativ metod och deduktiv ansats. Sekundärdata från 236 bolag noterade på Stockholmsbörsen har insamlats från Eikon och multipel regression genomförts för att sedan utföra analys utifrån studiens teoretiska ramverk. Uppsatsen utgår från tidigare forskning om risk, andel kvinnor i styrelser och styrelsestorlek. Principal-agentteorin och kritisk massa utgör studiens teoretiska ramverk.

Resultaten visade att det finns... (More)
Studiens syfte är att undersöka hur andelen kvinnor i styrelser och styrelsestorlek påverkar riskprofilen för bolag listade på Stockholmsbörsen. Vidare syftar studien till att undersöka sambandet mellan företags risktagande och andelen kvinnor i styrelsen när representationen når den kritiska massan.

Studien följer en kvantitativ metod och deduktiv ansats. Sekundärdata från 236 bolag noterade på Stockholmsbörsen har insamlats från Eikon och multipel regression genomförts för att sedan utföra analys utifrån studiens teoretiska ramverk. Uppsatsen utgår från tidigare forskning om risk, andel kvinnor i styrelser och styrelsestorlek. Principal-agentteorin och kritisk massa utgör studiens teoretiska ramverk.

Resultaten visade att det finns ett statistiskt samband mellan styrelsens storlek och leverage. Det finns även ett statistiskt samband mellan kvinnor, när de uppnår kritisk massa och volatiliteten i ROA. Däremot går det inte att finna ett statistiskt samband mellan andel kvinnor och någon av riskmåtten. Då det fanns signifikans i både huvud- och stabilitetsregressionerna, går det att dra slutsatsen att kvinnor, när de uppnår kritisk massa, minskar risktagandet i ett företag. Det går även att dra slutsatsen om att större styrelser tar mindre risk. (Less)
Abstract
The purpose of this paper is to investigate how the percentage of women on board and the board size affects the risk-taking for companies listed on Stockholm stock exchange. Moreover, the study aims to investigate if women on board influences a company’s risk-taking when they reach the critical mass.

The study follows a quantitative method and deductive approach. Secondary data from 236 companies listed in the Stockholm stock exchange were collected from Eikon. Multiple regression analysis was conducted to perform an analysis based on the study’s theoretical framework. The thesis is based on previous research on risk, the proportion of women on boards, and the board size. Principal-agent theory and the critical mass theory constitute... (More)
The purpose of this paper is to investigate how the percentage of women on board and the board size affects the risk-taking for companies listed on Stockholm stock exchange. Moreover, the study aims to investigate if women on board influences a company’s risk-taking when they reach the critical mass.

The study follows a quantitative method and deductive approach. Secondary data from 236 companies listed in the Stockholm stock exchange were collected from Eikon. Multiple regression analysis was conducted to perform an analysis based on the study’s theoretical framework. The thesis is based on previous research on risk, the proportion of women on boards, and the board size. Principal-agent theory and the critical mass theory constitute the study's theoretical framework.

The results showed a statistical relationship between board size and leverage. Additionally, a statistical relationship between women was found between women, when they reached critical mass, and the volatility of ROA. However, no statistical relationship could be found between the proportion of women and any of the risk measurements. Given that significance was observed in both the main and stability regressions, it can be concluded that women, when they reach critical mass, reduce risk-taking in a company. Additionally, larger boards take less risk (Less)
Please use this url to cite or link to this publication:
author
Nyrell, Lova LU ; Lundin, Agnes LU and Magnin, Daniel LU
supervisor
organization
course
FEKH89 20242
year
type
M2 - Bachelor Degree
subject
keywords
Risk, styrelse, storlek, kvinnor, Stockholmsbörsen
language
Swedish
id
9184425
date added to LUP
2025-03-23 11:58:13
date last changed
2025-03-23 11:58:13
@misc{9184425,
  abstract     = {{The purpose of this paper is to investigate how the percentage of women on board and the board size affects the risk-taking for companies listed on Stockholm stock exchange. Moreover, the study aims to investigate if women on board influences a company’s risk-taking when they reach the critical mass.

The study follows a quantitative method and deductive approach. Secondary data from 236 companies listed in the Stockholm stock exchange were collected from Eikon. Multiple regression analysis was conducted to perform an analysis based on the study’s theoretical framework. The thesis is based on previous research on risk, the proportion of women on boards, and the board size. Principal-agent theory and the critical mass theory constitute the study's theoretical framework.

The results showed a statistical relationship between board size and leverage. Additionally, a statistical relationship between women was found between women, when they reached critical mass, and the volatility of ROA. However, no statistical relationship could be found between the proportion of women and any of the risk measurements. Given that significance was observed in both the main and stability regressions, it can be concluded that women, when they reach critical mass, reduce risk-taking in a company. Additionally, larger boards take less risk}},
  author       = {{Nyrell, Lova and Lundin, Agnes and Magnin, Daniel}},
  language     = {{swe}},
  note         = {{Student Paper}},
  title        = {{Kvinnor, storlek och risktagande}},
  year         = {{2025}},
}