Gender diversity and bank misconduct

Arnaboldi, Francesca; Casu, Barbara; Gallo, Angela; Kalotychou, Elena; Sarkisyan, Anna

doi:10.1016/j.jcorpfin.2020.101834

Cited by 65 publications

(53 citation statements)

References 78 publications

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“…This led the authority to call for banks to implement all the necessary measures to achieve a more balanced composition not only of the boards but also of their managerial structures. Moreover, the study conducted by Arnaboldi et al (2021) examined the results of 83 listed banks in 21 European countries between 2007 and 2018. They analyzed 146 incidents of misconduct and the resulting sanctions imposed by U.S. regulators.…”

Section: Literature Review and Hypothesesmentioning

confidence: 99%

Gender diversity and sustainability performance in the banking industry

Galletta

Mazzù

Naciti

et al. 2021

Corp Soc Responsibility Env

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This study analyses the impact of female directors and managers on sustainability performance in the banking industry. Drawing on prior studies, we attempt to frame gender diversity, its determinants, and its consequences with respect to financial, social, and environmental performance. Our sample includes 880 bank‐year observations from 48 countries over the period 2011–2019. We conduct OLS and probit regressions on the panel data sample. The results show that increasing the proportion of female directors also improves the financial and environmental performance; female managers are keener on the social dimension and in engaging with stakeholders, than female directors. This study extends the current literature in the context of the banking industry, suggesting that banks should focus their efforts on establishing the right combination of female directors and managers. Furthermore, practical implications that encourage gender diversity among policy makers and regulators arise from this research.

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Section: Literature Review and Hypothesesmentioning

confidence: 99%

Gender diversity and sustainability performance in the banking industry

Galletta

Mazzù

Naciti

et al. 2021

Corp Soc Responsibility Env

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“…Thus, the bonds between governance structure and corporate social responsibility are of paramount importance in terms of determining the strategic progression of the firm (Andreu-Pinillos et al In the latest years, more and more studies appeared concentrating on various aspects of the composition of boards of directors aiming to ascertain the determinants of efficacy for sound business management (Miglani et al, 2020). The abovementioned studies have focused on board's diversity from various angles be it gender (Kao et al, 2020), race (Field et al, 2020), professional background (Chen et al, 2020), and personal characteristics (Arnaboldi et al, 2020) to name only a few. As the vogue on all sustainability-related came to the forefront the corporate social responsibility as directed by internal governance structure acquired prominent positions in the literature.…”

Section: Introductionmentioning

confidence: 99%

Do sustainability reporting conduct and corporate governance attributes relate? Empirical evidence from China

Pasko

Zhang²,

Tuzhyk

et al. 2021

Problems and Perspectives in Management

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Adopting agency and stakeholders theories, this study aims to investigate the relationship between corporate governance attributes (board size, board independence, female directors, and CEO duality) and sustainability reporting conduct in China. The empirical analysis is based on a sample of 10,330 firm-year observations of Chinese listed companies over the period from 2015 to 2018. Data are supplied by WIND and CSMAR databases, whilst regression analysis is applied to test the hypotheses. Results indicate that board size and board independence were found to be positively associated with the sustainability reporting conduct, while female directors and CEO duality both do not have a significant effect on sustainability reporting conduct in the Chinese institutional settings. This paper advances on arguments of the agency and stakeholders theories with these findings. The larger and more independent board facilitates better monitoring of the managers, what leads to decision-making based on a more appreciation of stakeholders’ perspectives. The study is premised on the presence/absence of sustainability reporting, and it does not take into consideration the quality aspect, which can result in erroneous interpretation. The results should not be generalized as the sample was based on China’s companies for 2015–2018. This study has policy implications for managers and policymakers alike concerning designing board composition conducive to sustainability reporting conduct.

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“…A related issue is that diversity does not matter until a critical mass is reached (Arnaboldi et al 2021). For the interest of the context in this chapter, one interpretation that cannot be ruled out with the data, is that there is insufficient variation in women representation in the sample frame to be able to capture any meaningful and potential impact.…”

Section: A Nudge Is Enough?mentioning

confidence: 94%

“…Furthermore, with regards to causal inference, the channel through which diversity can affect firm performance is still an open question, with many studies having essentially a reduced-form approach. Several hypotheses for potential channels include augmenting the monitoring role of the board (Adams and Ferreira 2009;Fama and Jensen 1983) and reducing litigation (Arnaboldi et al 2021).…”

Section: Inherent Limits To Causal Inferencementioning

confidence: 99%

“…This, unfortunately, turns on the identification mechanism that assumes that the government can subtly influence an increase in women representation without overt quotas. If a critical mass in women representation is essential (Arnaboldi et al 2021;Carter and Wagner 2011;Konrad et al 2008;Schwartz-Ziv 2017), then perhaps firms in Singapore cannot attain it with government nudges alone (only 7.6% of the firm-year observations have at least 3 women in the boardroom from Table I). Moreover, as evident in the results from Table III, most of the increase in women directors comes from supervisory directors rather than executive directors.…”

Section: A Nudge Is Enough?mentioning

confidence: 99%

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Essays on the political economy of mass media and representation

Shen¹

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This thesis consists of three self-contained papers on the political economy of mass media and the economics of representation, all of which deal with the identification of subtle effects, if any.The first paper explores the use of machine learning (ML) and natural language processing (NLP) in detecting political media slant in the mainstream media of Singapore. This paper finds robust evidence of slant towards the ruling party only when using newly defined measures of coverage accuracy-as opposed to the usual measures of coverage intensity. The additional methods from ML and NLP provide measures from the rich textual data, which help deal with identification. The second paper tests the assertions that an increase in women representation on the corporate boards of directors improves firm financial outcomes. The identification strategy exploits the institution setting in Singapore where firms have varying linkages to the government, in the 2000-17 period where there is a substantial increase in women representation in politics. The main finding is that any observed link between female board representation and better financial performance can be attributed to permanent factors, such as corporate culture. The last paper turns to the context of the U.S. elections right after the peak of the women's MeToo movement in 2018. Using returns from the House elections and county-level measures of the interest in the movement from Twitter data, this paper finds the expected advantage for Democratic women candidates and a disadvantage for the Republican men candidates, but only in those counties with high existing Republican support. xi * * * Significant at the 1 per cent level. * * Significant at the 5 per cent level. * Significant at the 10 per cent level.

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Gender diversity and bank misconduct

Cited by 65 publications

References 78 publications

Gender diversity and sustainability performance in the banking industry

Gender diversity and sustainability performance in the banking industry

Do sustainability reporting conduct and corporate governance attributes relate? Empirical evidence from China

Essays on the political economy of mass media and representation

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