Board gender diversity and financial stability: Evidence from microfinance institutions
The effects of board gender diversity (BGD) on financial stability of financial institutions have long been an important topic, creating a rich strand of literature that focuses extensively on banks. Meanwhile, little is known about the implications of BGD on risk in microfinance institutions (MFI)....
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| Định dạng: | Journal Article |
| Ngôn ngữ: | English |
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Taylor & Francis
2023
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| Truy cập trực tuyến: | https://digital.lib.ueh.edu.vn/handle/UEH/70248 https://doi.org/10.1080/23322039.2023.2244860 |
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oai:localhost:UEH-702482023-11-29T08:44:50Z Board gender diversity and financial stability: Evidence from microfinance institutions Thuy T. Dang Trang NT Ho Duc Nguyen Nguyen Gender diversity Female directors Microfinance institutions Risk Financial stability The effects of board gender diversity (BGD) on financial stability of financial institutions have long been an important topic, creating a rich strand of literature that focuses extensively on banks. Meanwhile, little is known about the implications of BGD on risk in microfinance institutions (MFI). This study aims to fill this gap. Using a data sample retrieved from the MIX Market database spanning the 2009–2018 period and the random-effects estimator, we find that the proportion of female directors on the board is positively associated with financial stability of MFIs measured by the Z-score. The result is robust when using alternative measures of financial stability and BGD, and alternative estimation techniques. In addition, we document a negative relationship between BGD and risk-taking behavior of MFIs. Further, the research result favors the critical mass theory rather than tokenism. Lastly, we find that BGD links with financial stability in a monotonic instead of non-monotonic manner. 2023-11-29T08:44:50Z 2023-11-29T08:44:50Z 2023 Journal Article 2332-2039 https://digital.lib.ueh.edu.vn/handle/UEH/70248 https://doi.org/10.1080/23322039.2023.2244860 en COGENT ECONOMICS & FINANCE Vol. 11, Issue 2 none Portable Document Format (PDF) Taylor & Francis |
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Đại học Kinh tế Thành phố Hồ Chí Minh |
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| language |
English |
| topic |
Gender diversity Female directors Microfinance institutions Risk Financial stability |
| spellingShingle |
Gender diversity Female directors Microfinance institutions Risk Financial stability Thuy T. Dang Board gender diversity and financial stability: Evidence from microfinance institutions |
| description |
The effects of board gender diversity (BGD) on financial stability of financial institutions have long been an important topic, creating a rich strand of literature that focuses extensively on banks. Meanwhile, little is known about the implications of BGD on risk in microfinance institutions (MFI). This study aims to fill this gap. Using a data sample retrieved from the MIX Market database spanning the 2009–2018 period and the random-effects estimator, we find that the proportion of female directors on the board is positively associated with financial stability of MFIs measured by the Z-score. The result is robust when using alternative measures of financial stability and BGD, and alternative estimation techniques. In addition, we document a negative relationship between BGD and risk-taking behavior of MFIs. Further, the research result favors the critical mass theory rather than tokenism. Lastly, we find that BGD links with financial stability in a monotonic instead of non-monotonic manner. |
| author2 |
Trang NT Ho |
| author_facet |
Trang NT Ho Thuy T. Dang |
| format |
Journal Article |
| author |
Thuy T. Dang |
| author_sort |
Thuy T. Dang |
| title |
Board gender diversity and financial stability: Evidence from microfinance institutions |
| title_short |
Board gender diversity and financial stability: Evidence from microfinance institutions |
| title_full |
Board gender diversity and financial stability: Evidence from microfinance institutions |
| title_fullStr |
Board gender diversity and financial stability: Evidence from microfinance institutions |
| title_full_unstemmed |
Board gender diversity and financial stability: Evidence from microfinance institutions |
| title_sort |
board gender diversity and financial stability: evidence from microfinance institutions |
| publisher |
Taylor & Francis |
| publishDate |
2023 |
| url |
https://digital.lib.ueh.edu.vn/handle/UEH/70248 https://doi.org/10.1080/23322039.2023.2244860 |
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AT thuytdang boardgenderdiversityandfinancialstabilityevidencefrommicrofinanceinstitutions |
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