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
Y1 - 2017/12
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.
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U2 - 10.1111/irfi.12123
DO - 10.1111/irfi.12123
M3 - Article
AN - SCOPUS:85037356826
SN - 1369-412X
VL - 17
SP - 645
EP - 658
JO - International Review of Finance
JF - International Review of Finance
IS - 4
ER -