Year of Graduation
Board of Directors Gender Diversity and Financial Architecture in US Companies
Strategic Corporate Finance
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.