Board diversity, firm risk, and corporate policies
We examine the effects of diversity in the board of directors on corporate policies and risk. Using a multi-dimensional measure, we find that greater board diversity leads to lower volatility and better performance. The lower risk levels are largely due to diverse boards adopting more persistent and...
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Main Authors: | , , |
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Format: | text |
Language: | English |
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Institutional Knowledge at Singapore Management University
2016
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Online Access: | https://ink.library.smu.edu.sg/lkcsb_research/5235 https://ink.library.smu.edu.sg/context/lkcsb_research/article/6234/viewcontent/SSRN_id2733394.pdf |
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Institution: | Singapore Management University |
Language: | English |