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Financial stability in the European Union: a case for gender diversity
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Resumo(s)
This work project investigates whether a higher share of women on the boards of directors
of European Union banks leads to greater financial stability. Employing a fixed effects model
and using yearly panel data (2015-2021), this study finds evidence that, on average, an
increase in the share of women on the board of directors is associated with an increase in
the z-score and a decrease in the NPL ratio, which implies greater financial stability at bank
and systemic levels, respectively. It also briefly explores other measures of board gender
diversity and the impact of gender quotas on financial stability.
Descrição
Palavras-chave
Gender diversity Financial stability Board of directors Banking European Union