Board of directors’ gender, managerial ownership and corporate risk-taking: Evidence from Indonesia

Lana Meutia Firdaus, Desi Adhariani

Research output: Contribution to journalArticlepeer-review

3 Citations (Scopus)

Abstract

This study examined the influence of gender diversity among company boards of directors and managerial ownership on corporate risk-taking. The sample was manufacturing companies listed on the Indonesian Stock Exchange from 2010 to 2013 selected using the purposive sampling method. Data was examined using multiple regression methods. The results showed that gender diversity on a board of directors (BOD) and managerial ownership have no significant effect on corporate risk-taking. This is likely due to the relatively low percentage of both variables in Indonesia, thus, they do not tend to affect corporate risk-taking decisions. The study recommends increasing gender diversity and managerial ownership in the corporate risk-taking process towards sustainable business practices.

Original languageEnglish
Pages (from-to)281-297
Number of pages17
JournalPertanika Journal of Social Sciences and Humanities
Volume25
Issue numberNovember
Publication statusPublished - Nov 2017

Keywords

  • Board of directors
  • Corporate risk-taking
  • Gender diversity
  • Managerial ownership
  • Ownership structure

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