This study examines the effects of board gender diversity on a bank\u2019s risk, by applying a moderate multiple regression analysis on a dataset covering the years 2008-2017 and comprising 110 banks from Germany, Italy, Spain, and Switzerland. Masculinity, a country-level cultural dimension incorporating the behavioral expectations surrounding men and women in a society, is used as a moderator. Results suggest that a high country-level masculinity stresses the risk-aversion of a bank\u2019s women directors, therefore compromising financial performance. To mitigate the negative effects of high country-level masculinity, this paper provides several suggestions. First, banks should change their stereotypical depiction of the \u201cideal worker\u201d. Second, banks should question the cultural motives underpinning the entrance of women directors in the \u201cboy\u2019s club\u201d. Last, banks should create a more egalitarian workplace where the distribution of rewards does not strengthen the privileges of the established elites.<\/p>\n
Keywords: Bank, Board Diversity, Corporate Governance, Gender Diversity, Risk, Women<\/p>\n","protected":false},"excerpt":{"rendered":"
Cite: (2020) \u201cWomen on bank boards and risk-taking: a cross-countries analysis on the moderating role of masculinity\u201d (eds. Gallucci C., Santulli R., Tipaldi R.), in: Corporate, Ownership & Control, ISSN 1727-9232, Vol.17, pp. 71-83 <\/p>\n","protected":false},"author":8,"featured_media":0,"menu_order":0,"comment_status":"open","ping_status":"closed","template":"","format":"standard","meta":{"footnotes":""},"portfolio_category":[100],"portfolio_skills":[],"portfolio_tags":[],"yoast_head":"\n