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Board gender diversity and responsible banking during the COVID-19 pandemic

Kara, Alper, Nanteza, Aziidah, Ozkan, Aydin, Yildiz, Y. (2022) Board gender diversity and responsible banking during the COVID-19 pandemic. Journal of Corporate Finance, 74 . Article Number 102213. ISSN 0929-1199. (doi:10.1016/j.jcorpfin.2022.102213) (KAR id:97275)

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This study investigates whether board gender diversity matters in banks’ initial responses to the COVID-19 pandemic in supporting their customers, communities and governments. We construct a unique and comprehensive COVID-19 Bank Response Measure (C19BRM) by compiling a novel hand-collected dataset on supportive measures announced by US and European banks during the first wave of the pandemic. We find that banks with higher board representation of women directors supported their customers and communities more. Our findings also reveal that more women on the boards increased their charity and donations. Our results are robust to the potential self-selection bias of women choosing to join boards of more responsible banks, the omitted variables bias, and alternative measures of gender diversity.

Item Type: Article
DOI/Identification number: 10.1016/j.jcorpfin.2022.102213
Uncontrolled keywords: COVID-19 pandemic, gender diversity, responsible banking
Subjects: H Social Sciences
Divisions: Divisions > Kent Business School - Division > Department of Accounting and Finance
Funders: University of Kent (
Depositing User: Aydin Ozkan
Date Deposited: 04 Oct 2022 15:48 UTC
Last Modified: 27 Oct 2023 13:16 UTC
Resource URI: (The current URI for this page, for reference purposes)

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