Are Female CEOs and Chairwomen More Conservative and Risk Averse? Evidence from the Banking Industry During the Financial Crisis

Verfasser / Beitragende:
[Ajay Palvia, Emilia Vähämaa, Sami Vähämaa]
Ort, Verlag, Jahr:
2015
Enthalten in:
Journal of Business Ethics, 131/3(2015-10-01), 577-594
Format:
Artikel (online)
ID: 605483752
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024 7 0 |a 10.1007/s10551-014-2288-3  |2 doi 
035 |a (NATIONALLICENCE)springer-10.1007/s10551-014-2288-3 
245 0 0 |a Are Female CEOs and Chairwomen More Conservative and Risk Averse? Evidence from the Banking Industry During the Financial Crisis  |h [Elektronische Daten]  |c [Ajay Palvia, Emilia Vähämaa, Sami Vähämaa] 
520 3 |a (CEO)aperexamineswhetherbankcapitalratiosanddefaultriskareassociatedwiththegenderofthebank'sChiefExecutiveOfficer(CEO)andChairpersoftheboard.Giventhedocumentedgender-baseddifferencesincservatismandrisktolerance,wepostulatethatfemaleCEOsandboardChairsshouldassessrisksmorecservatively,andtherebyholdhigherlevelsofequitycapitalandreducethelikelihoodofbankfailureduringperiodsofmarketstress.UsingalargepanelofU.S.commercialbanks,wedocumentthatbankswithfemaleCEOsholdmorecservativelevelsofcapitalafterctrollingforthebank'sassetriskandotherattributes.Furthermore,whileneitherCEOnorChairgenderisrelatedtobankfailureingeneral,wefindstrgevidencethatsmallerbankswithfemaleCEOsandboardChairswerelesslikelytofailduringthefinancialcrisis.Overall,ourfindingsarecsistentwiththeviewthatgender-basedbehavioraldifferencesmayaffectcorporatedecisis. 
540 |a Springer Science+Business Media Dordrecht, 2014 
690 7 |a Female CEOs  |2 nationallicence 
690 7 |a Chairwomen  |2 nationallicence 
690 7 |a Bank capital ratios  |2 nationallicence 
690 7 |a Bank failures  |2 nationallicence 
690 7 |a Financial crisis  |2 nationallicence 
700 1 |a Palvia  |D Ajay  |u Office of the Comptroller of the Currency, 400 7th Street, SW, 20219, Washington, DC, USA  |4 aut 
700 1 |a Vähämaa  |D Emilia  |u Department of Finance and Statistics, Hanken School of Economics, P.O. Box 287, 65101, Vaasa, Finland  |4 aut 
700 1 |a Vähämaa  |D Sami  |u Department of Accounting and Finance, University of Vaasa, P.O. Box 700, 65101, Vaasa, Finland  |4 aut 
773 0 |t Journal of Business Ethics  |d Springer Netherlands  |g 131/3(2015-10-01), 577-594  |x 0167-4544  |q 131:3<577  |1 2015  |2 131  |o 10551 
856 4 0 |u https://doi.org/10.1007/s10551-014-2288-3  |q text/html  |z Onlinezugriff via DOI 
898 |a BK010053  |b XK010053  |c XK010000 
900 7 |a Metadata rights reserved  |b Springer special CC-BY-NC licence  |2 nationallicence 
908 |D 1  |a research-article  |2 jats 
949 |B NATIONALLICENCE  |F NATIONALLICENCE  |b NL-springer 
950 |B NATIONALLICENCE  |P 856  |E 40  |u https://doi.org/10.1007/s10551-014-2288-3  |q text/html  |z Onlinezugriff via DOI 
950 |B NATIONALLICENCE  |P 700  |E 1-  |a Palvia  |D Ajay  |u Office of the Comptroller of the Currency, 400 7th Street, SW, 20219, Washington, DC, USA  |4 aut 
950 |B NATIONALLICENCE  |P 700  |E 1-  |a Vähämaa  |D Emilia  |u Department of Finance and Statistics, Hanken School of Economics, P.O. Box 287, 65101, Vaasa, Finland  |4 aut 
950 |B NATIONALLICENCE  |P 700  |E 1-  |a Vähämaa  |D Sami  |u Department of Accounting and Finance, University of Vaasa, P.O. Box 700, 65101, Vaasa, Finland  |4 aut 
950 |B NATIONALLICENCE  |P 773  |E 0-  |t Journal of Business Ethics  |d Springer Netherlands  |g 131/3(2015-10-01), 577-594  |x 0167-4544  |q 131:3<577  |1 2015  |2 131  |o 10551