Purpose

The investigation of the relationship between gender diversity and corporate risk-taking is a recent stream of research. In this study, the authors propose an answer to the following main question: What do the authors know about gender effects in corporate risk-taking and how should we proceed?

Design/methodology/approach

In order to ensure the quality and the objectiveness of the literature review, the authors selected articles published in journals that are simultaneously ranked by the Chartered Association of Business Schools (ABS, 2018) and by the Journal Citation Reports (JCR, 2018), focused on the Board of Directors (BoD) and Top Management Teams (TMT).

Findings

The literature review reveals that women's presence on the BoD and TMT impacts corporate risk-taking in different ways. Based on the analysis, it is possible to organize the extant findings in two major categories, according to gender measures, firm type and country of origin: (1) universal effects – women decrease firms' litigation risk, failure risk and operational risk while they have no significant effect on insolvency risk and; (2) contingent effects – women have contingent effects on financial risk, manipulation risk, total risk, idiosyncratic risk and systematic risk.

Originality/value

Covering several different research fields, this study provides a comprehensive review concerning what the authors know regarding the effects of the BoD and TMT gender diversity in corporate risk-taking. The authors present a model summarizing empirical findings and propose a number of avenues for future research.

中文翻译：

---

性别多样性和企业冒险：文献综述

目的

性别多样性与企业风险承担之间关系的调查是最近的研究方向。在这项研究中，作者提出了以下主要问题的答案：作者对企业风险承担中的性别影响了解多少，我们应该如何进行？

设计/方法/方法

为保证文献综述的质量和客观性，作者选择了在特许商学院协会（ABS，2018）和期刊引证报告（JCR，2018）同时排名的期刊上发表的文章，重点关注董事会 (BoD) 和高层管理团队 (TMT)。

发现

文献综述表明，女性在董事会和 TMT 中的存在以不同方式影响企业风险承担。根据分析，可以根据性别衡量标准、公司类型和来源国将现有调查结果分为两大类：(1) 普遍效应——女性降低了公司的诉讼风险、失败风险和运营风险，而对破产风险没有显着影响，并且；(2) 或有效应——女性对金融风险、操纵风险、总风险、异质风险和系统性风险有或有影响。

原创性/价值

本研究涵盖多个不同的研究领域，全面回顾了作者对 BoD 和 TMT 性别多样性对企业风险承担的影响的了解。作者提出了一个总结经验发现的模型，并为未来的研究提出了一些途径。