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 |
| Published: |
Institutional Knowledge at Singapore Management University
2016
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| 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 |