Role of Gender Diversity in Corporate Risk Taking in Jordan

Abstract

This study examines the relationship between board gender diversity and corporate risk-taking among Jordanian companies. Pooled Ordinary Least Square (OLS) regression and Panel Data regression are used in this study to examine the relationship between these variables. Results indicate that the presence of women directors can mitigate corporate risk-taking a while; male-only board leads to higher level of firm risk-taking. This study concludes that board gender diversity can be used as a monitoring agent to mitigate corporate risk-taking, supporting the regulator"s initiative to promote gender diversity in the corporate boardrooms.