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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Bibliographic Details
Main Authors: BERNILE, Gennaro, BHAGWAT, Vineet, YONKER, Scott
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 2016
Subjects:
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