期刊
EMERGING MARKETS REVIEW
卷 48, 期 -, 页码 -出版社
ELSEVIER
DOI: 10.1016/j.ememar.2021.100807
关键词
Corporate governance; Female leadership; Financial institutions; Latin America
资金
- Finland's Sustainable Investment Forum (Finsif)
- Finnish Savings Banks' Research Foundation
- Deusto Business School
The study found that in Latin America, banks with a higher proportion of female executives are riskier but more profitable. This provides interesting insights for regulators and policymakers in understanding the relationship between gender diversity and bank performance.
This paper examines the relationship between gender diversity in corporate boards and executive positions and bank risk and performance in Latin America. Our sample covers 91 individual banks during 2000-2017. Our results suggest that banks with a higher proportion of female executives tend to have lower Z-scores than male-led banks. However, female-led banks are more profitable. Our results provide new information related to the debate on the relationship between genderbased behavioural differences and financial decisions by showing that Latin American banks with a higher proportion of female executives are riskier and more profitable than male-led banks. Given the impact of bank performance on the international economy, the global interconnection of financial institutions, and the lack of legal protection in this region, it is of interest for regulators and policy makers to analyse possible sources of better performance and governance in Latin American banks.
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