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Article: Do female independent directors reduce corporate risk taking during COVID-19?

TitleDo female independent directors reduce corporate risk taking during COVID-19?
Authors
KeywordsCOVID-19
gender diversity
hospitality industry
independent directors
risk taking
Issue Date5-Apr-2023
PublisherTaylor and Francis Group
Citation
Asia-Pacific Journal of Accounting & Economics, 2023 How to Cite?
Abstract

This article examines the impact of female independent directors on corporate risk taking during the COVID-19 pandemic. Our findings suggest that there is a negative relationship between female independent directors and corporate risk taking, indicating that female independent directors can effectively lower risks during this period. In addition, it is reported that the negative impact of female independent directors on firm risks is pronounced in the hospitality industry, as well as in regions with higher confirmed cases of COVID-19. Our results call for greater female independent directors’ recruitment in the boardroom, yielding benefits of lowering firm risks during a crisis.


Persistent Identifierhttp://hdl.handle.net/10722/356979
ISSN
2023 Impact Factor: 1.4
2023 SCImago Journal Rankings: 0.318
ISI Accession Number ID

 

DC FieldValueLanguage
dc.contributor.authorRouse, Marybeth-
dc.contributor.authorOttemoesoe, Ridhotama Shanti Darsih-
dc.contributor.authorWang, Yang-
dc.contributor.authorZhang, Yifei-
dc.date.accessioned2025-06-23T08:52:46Z-
dc.date.available2025-06-23T08:52:46Z-
dc.date.issued2023-04-05-
dc.identifier.citationAsia-Pacific Journal of Accounting & Economics, 2023-
dc.identifier.issn1608-1625-
dc.identifier.urihttp://hdl.handle.net/10722/356979-
dc.description.abstract<p>This article examines the impact of female independent directors on corporate risk taking during the COVID-19 pandemic. Our findings suggest that there is a negative relationship between female independent directors and corporate risk taking, indicating that female independent directors can effectively lower risks during this period. In addition, it is reported that the negative impact of female independent directors on firm risks is pronounced in the hospitality industry, as well as in regions with higher confirmed cases of COVID-19. Our results call for greater female independent directors’ recruitment in the boardroom, yielding benefits of lowering firm risks during a crisis.</p>-
dc.languageeng-
dc.publisherTaylor and Francis Group-
dc.relation.ispartofAsia-Pacific Journal of Accounting & Economics-
dc.rightsThis work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.-
dc.subjectCOVID-19-
dc.subjectgender diversity-
dc.subjecthospitality industry-
dc.subjectindependent directors-
dc.subjectrisk taking-
dc.titleDo female independent directors reduce corporate risk taking during COVID-19?-
dc.typeArticle-
dc.identifier.doi10.1080/16081625.2023.2198552-
dc.identifier.scopuseid_2-s2.0-85152376713-
dc.identifier.eissn2164-2257-
dc.identifier.isiWOS:000963808100001-
dc.identifier.issnl1608-1625-

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