Goutham Abotula, Maretno Agus Harjoto, Donna L. Paul
{"title":"董事会性别多样性和债务期限分散","authors":"Goutham Abotula, Maretno Agus Harjoto, Donna L. Paul","doi":"10.1111/fire.12436","DOIUrl":null,"url":null,"abstract":"<p>This study examines the relationship between board gender diversity and debt maturity dispersion, which measures debt rollover risk. In a sample of 3275 US firms, we find that firms with greater gender diversity on the board have relatively more dispersed debt structures, particularly when a critical mass of three women directors is achieved. We show that the increased debt maturity dispersion associated with the presence of women directors is positively related to subsequent firm performance. We also find that the relationship between gender diversity and debt maturity increases at a diminishing rate with more than three women on the board</p>","PeriodicalId":47617,"journal":{"name":"FINANCIAL REVIEW","volume":"60 3","pages":"1003-1031"},"PeriodicalIF":2.1000,"publicationDate":"2025-03-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/fire.12436","citationCount":"0","resultStr":"{\"title\":\"Board gender diversity and debt maturity dispersion\",\"authors\":\"Goutham Abotula, Maretno Agus Harjoto, Donna L. Paul\",\"doi\":\"10.1111/fire.12436\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"<p>This study examines the relationship between board gender diversity and debt maturity dispersion, which measures debt rollover risk. In a sample of 3275 US firms, we find that firms with greater gender diversity on the board have relatively more dispersed debt structures, particularly when a critical mass of three women directors is achieved. We show that the increased debt maturity dispersion associated with the presence of women directors is positively related to subsequent firm performance. We also find that the relationship between gender diversity and debt maturity increases at a diminishing rate with more than three women on the board</p>\",\"PeriodicalId\":47617,\"journal\":{\"name\":\"FINANCIAL REVIEW\",\"volume\":\"60 3\",\"pages\":\"1003-1031\"},\"PeriodicalIF\":2.1000,\"publicationDate\":\"2025-03-13\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"https://onlinelibrary.wiley.com/doi/epdf/10.1111/fire.12436\",\"citationCount\":\"0\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"FINANCIAL REVIEW\",\"FirstCategoryId\":\"1085\",\"ListUrlMain\":\"https://onlinelibrary.wiley.com/doi/10.1111/fire.12436\",\"RegionNum\":0,\"RegionCategory\":null,\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"Q2\",\"JCRName\":\"BUSINESS, FINANCE\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"FINANCIAL REVIEW","FirstCategoryId":"1085","ListUrlMain":"https://onlinelibrary.wiley.com/doi/10.1111/fire.12436","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q2","JCRName":"BUSINESS, FINANCE","Score":null,"Total":0}
Board gender diversity and debt maturity dispersion
This study examines the relationship between board gender diversity and debt maturity dispersion, which measures debt rollover risk. In a sample of 3275 US firms, we find that firms with greater gender diversity on the board have relatively more dispersed debt structures, particularly when a critical mass of three women directors is achieved. We show that the increased debt maturity dispersion associated with the presence of women directors is positively related to subsequent firm performance. We also find that the relationship between gender diversity and debt maturity increases at a diminishing rate with more than three women on the board
求助内容：
应助结果提醒方式：
京公网安备 11010802042870号
