This paper aims to examine the effect of board gender diversity on firm risk taking and firm financial performance. Based on a sample of 100 UK listed companies covering a 5-year period from 2010-2014, the authors use different econometric methods and find that greater female presence on company boards has a positive effect on firm financial performance and a negative effect on firm risk-taking. Our results are consistent with the perspectives of agency theory and resource dependence theory. This paper contributes to the literature on board diversity and offers empirical evidence of the women’s role on boardroom.
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