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Gender Balance to The Rescue: Examining The Relationship Between Gender Diversity and Financial Distress in Corporate Settings

Author

Listed:
  • Siagan, Valentine

    (Universitas Advent Indonesia)

Abstract

This study explores the correlation between gender diversity in corporate leadership and financial distress in the business sector. The research aims to understand the role of gender balance in corporate stability and resilience, hypothesizing a potential inverse relationship with financial distress. The methodology includes a purposive sampling of firms listed on the Indonesia Stock Market, utilizing logistic regression models and analysis. Results suggest that firms with a higher proportion of women in top leadership positions experience fewer instances of financial distress and demonstrate greater corporate stability. The findings point towards the efficacy of gender-balanced leadership teams in preventing financial turmoil, advancing our understanding of diversity's role in enhancing organizational sustainability.

Suggested Citation

  • Siagan, Valentine, 2024. "Gender Balance to The Rescue: Examining The Relationship Between Gender Diversity and Financial Distress in Corporate Settings," Revista Finanzas y Politica Economica, Universidad Católica de Colombia, vol. 16(2), pages 355-374, July.
    • Handle: RePEc:col:000443:021235
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    File URL: https://revfinypolecon.ucatolica.edu.co/article/view/5360
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    More about this item

    Keywords

    Gender Diversity; Financial Distress; Firm Performance; Corporate Governance; Indonesia Stock Market;
    All these keywords.

    JEL classification:

    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting
    • M42 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Auditing

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