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Contribution Details
| Type | Bachelor's Thesis |
| Scope | Discipline-based scholarship |
| Title | Gender diversity on the board of directors and ESG performance in banking - an analysis of European banks |
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| Institution | University of Zurich |
| Faculty | Faculty of Business, Economics and Informatics |
| Date | 2022 |
| Abstract Text | This thesis examines the effect of board gender diversity on European banks’ ESG performances while considering endogeneity. The findings of the GMM on a significant positive effect highlight the importance of increasing the share of female directors in creating a sustainable banking sector. However, the positive connection is neither due to stereotypical characteristics of women nor a significant gap in values between genders of directors. Rather differences in skills and backgrounds caused by the double glass ceiling are a valid explanation. We conclude that banks should focus on overall board diversity, not just on the gender of their board members. |
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