Executives’ gender-diversity, education, and firm's bankruptcy risk: Evidence from China
We empirically investigate the relationship between the gender-diversity and bankruptcy risks in Chinese-listed manufacturing firms. We also investigate whether the executives’ education level moderates the relationship between the gender-diversity and bankruptcy risk. Using a sample of 4079 firm-year observations from 2005–2016, we find that, at the executives’ level, firms with greater gender-diversity have a lower propensity for bankruptcy risk compared to firms with lower gender-diversity. More importantly, we find that the higher educational level strengthens this negative relationship between gender-diversity and bankruptcy.
Journal of Behavioral and Experimental Finance
Cho, Eunho; Okafor, Collins; Ujah, Nacasius; and Zhang, Linmei, "Executives’ gender-diversity, education, and firm's bankruptcy risk: Evidence from China" (2021). Kean Publications. 965.