A0962
Title: Does the gender diversity affect downside and tail risks? An analysis of US and European firms
Authors: Almudena Maria Garcia Sanz - Complutense University of Madrid (Spain) [presenting]
Abstract: The effect of gender diversity on downside is examined and tail risks for a set of firms from US and the European Continent. A panel regression analysis is applied to explain a comprehensive set of firms' financial downside risk (Downsidebeta, Lower Partial Moment), and tail risk (VAR, ES) dimensions as a function of their commitment to gender diversity and sustainable governance. US and European companies are also analyzed separately in order to find potential differences in each risk dimension. The robustness of the results is checked through several complementary analyses considering the firms' sector and the effect of extreme events such as the COVID-19 pandemic.
