Board of Directors Gender Diversity and Financial Architecture in US Companies

Student: Rodaev Dmitry

Educational Programme: Strategic Corporate Finance (Master)

Final Grade: 8

Year of Graduation: 2017

The main goal of this paper is to discover if there is any influence of board of directors’ gender diversity on several other financial architecture aspects of the firm. Literature review is represented mostly by academic papers that are closely related to the research topic. The data set for the research is a sample of 1830 publicly-traded US non-financial companies for the time period from 2008 to 2015. Empirical research is done using panel data regression analysis, also with the use of cluster analysis. Results show strong positive influence of women presence in the board on the ratio of long term debt to capital and on the share of institutional ownership. For other indicators of financial architecture significant influence was proven only for some clusters.

Full text (added May 15, 2017)

Student Theses at HSE must be completed in accordance with the University Rules and regulations specified by each educational programme.

Summaries of all theses must be published and made freely available on the HSE website.

The full text of a thesis can be published in open access on the HSE website only if the authoring student (copyright holder) agrees, or, if the thesis was written by a team of students, if all the co-authors (copyright holders) agree. After a thesis is published on the HSE website, it obtains the status of an online publication.

Student theses are objects of copyright and their use is subject to limitations in accordance with the Russian Federation’s law on intellectual property.

In the event that a thesis is quoted or otherwise used, reference to the author’s name and the source of quotation is required.

Search all student theses