Market Risk Disclosures and Board Gender Diversity in Gulf Cooperation Council (GCC) Firms

Research output: Contribution to journalArticle

4 Citations (Scopus)

Abstract

We investigate the impact of board gender diversity on corporate risk reporting for Gulf Cooperation Council (GCC) financial firms. Recent developments and improvements of corporate governance in the GCC markets suggest that firms in the GCC have become more transparent with less information asymmetry. However, we find that the presence of female directors in the boards of financial institutions suppresses the positive association between corporate governance and market risk disclosures for the period between 2007 and 2011. These findings suggest that culture and conservatism nature of GCC societies persist in the GCC business environment. Our results are robust to alternative specifications and endogeneity tests.

Original languageEnglish
Pages (from-to)645-658
Number of pages14
JournalInternational Review of Finance
Volume17
Issue number4
DOIs
Publication statusPublished - Dec 1 2017

Fingerprint

Risk disclosure
Gender diversity
Market risk
Gulf Cooperation Council
Corporate governance
Risk reporting
Conservatism
Information asymmetry
Endogeneity
Financial institutions
Business environment

ASJC Scopus subject areas

  • Finance
  • Economics and Econometrics

Cite this

Market Risk Disclosures and Board Gender Diversity in Gulf Cooperation Council (GCC) Firms. / Al-Yahyaee, Khamis Hamed; Al-Hadi, Ahmed Khamis; Hussain, Syed Mujahid.

In: International Review of Finance, Vol. 17, No. 4, 01.12.2017, p. 645-658.

Research output: Contribution to journalArticle

@article{2b0f5ded3dfb46f29b6ffabcfb46b451,
title = "Market Risk Disclosures and Board Gender Diversity in Gulf Cooperation Council (GCC) Firms",
abstract = "We investigate the impact of board gender diversity on corporate risk reporting for Gulf Cooperation Council (GCC) financial firms. Recent developments and improvements of corporate governance in the GCC markets suggest that firms in the GCC have become more transparent with less information asymmetry. However, we find that the presence of female directors in the boards of financial institutions suppresses the positive association between corporate governance and market risk disclosures for the period between 2007 and 2011. These findings suggest that culture and conservatism nature of GCC societies persist in the GCC business environment. Our results are robust to alternative specifications and endogeneity tests.",
author = "Al-Yahyaee, {Khamis Hamed} and Al-Hadi, {Ahmed Khamis} and Hussain, {Syed Mujahid}",
year = "2017",
month = "12",
day = "1",
doi = "10.1111/irfi.12123",
language = "English",
volume = "17",
pages = "645--658",
journal = "International Review of Finance",
issn = "1369-412X",
publisher = "John Wiley and Sons Ltd",
number = "4",

}

TY - JOUR

T1 - Market Risk Disclosures and Board Gender Diversity in Gulf Cooperation Council (GCC) Firms

AU - Al-Yahyaee, Khamis Hamed

AU - Al-Hadi, Ahmed Khamis

AU - Hussain, Syed Mujahid

PY - 2017/12/1

Y1 - 2017/12/1

N2 - We investigate the impact of board gender diversity on corporate risk reporting for Gulf Cooperation Council (GCC) financial firms. Recent developments and improvements of corporate governance in the GCC markets suggest that firms in the GCC have become more transparent with less information asymmetry. However, we find that the presence of female directors in the boards of financial institutions suppresses the positive association between corporate governance and market risk disclosures for the period between 2007 and 2011. These findings suggest that culture and conservatism nature of GCC societies persist in the GCC business environment. Our results are robust to alternative specifications and endogeneity tests.

AB - We investigate the impact of board gender diversity on corporate risk reporting for Gulf Cooperation Council (GCC) financial firms. Recent developments and improvements of corporate governance in the GCC markets suggest that firms in the GCC have become more transparent with less information asymmetry. However, we find that the presence of female directors in the boards of financial institutions suppresses the positive association between corporate governance and market risk disclosures for the period between 2007 and 2011. These findings suggest that culture and conservatism nature of GCC societies persist in the GCC business environment. Our results are robust to alternative specifications and endogeneity tests.

UR - http://www.scopus.com/inward/record.url?scp=85037356826&partnerID=8YFLogxK

UR - http://www.scopus.com/inward/citedby.url?scp=85037356826&partnerID=8YFLogxK

U2 - 10.1111/irfi.12123

DO - 10.1111/irfi.12123

M3 - Article

VL - 17

SP - 645

EP - 658

JO - International Review of Finance

JF - International Review of Finance

SN - 1369-412X

IS - 4

ER -