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- Title
Gender Diversity on BoDs and Multi-Stakeholder Value Creation: Empirical Evidence from the European Banking System.
- Authors
Serino, Luana; Spignese, Alessia; Campanella, Francesco
- Abstract
This study investigates the influence of European bank board characteristics, in particular the presence of women, on value creation from a multi-stakeholder perspective. It covers 472 European banks from 2019 to 2022. Corporate governance characteristics identified as best practices in the literature were included in the set of explanatory variables. Our study provides new insights and knowledge on the importance of corporate governance characteristics for the creation of value for stakeholders, which goes beyond the creation of economic value for shareholders as measured by financial indicators. Our findings suggest that gender diversity on bank boards is associated with value creation from a multi-stakeholder perspective. Based on this study, academics, stakeholders, and regulators will better understand the important role of board characteristics, especially gender diversity, as determinants of shareholder and stakeholder value creation.
- Subjects
GENDER nonconformity; VALUE creation; ECONOMIC indicators; STOCKHOLDER wealth; CORPORATE governance
- Publication
International Journal of Financial Management, 2024, Vol 14, Issue 2, p39
- ISSN
2229-5682
- Publication type
Article