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Women and risk-taking behaviour in local public finance

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  • Kohei Suzuki
  • Claudia N. Avellaneda

Abstract

This study examines how female representation in local elected (mayor and legislature) and administrative (mid-level manager) positions influences municipal financial decision-making in 764 Japanese city-level governments. Findings show that female representation in local councils is positively correlated with risk-averse behaviour in financial decisions, as female representation on the legislature is negatively associated with issuing municipal bonds and with local investment in public corporations. Female representation in executive (mayor and vice-mayor) and mid-level administrative managerial positions has no apparent effects on local financial decisions. This study tests existing explanations of relationships between female managerial representation and fiscal behaviour in an Asian developed setting characterized by considerable underrepresentation of women in politics.

Suggested Citation

  • Kohei Suzuki & Claudia N. Avellaneda, 2018. "Women and risk-taking behaviour in local public finance," Public Management Review, Taylor & Francis Journals, vol. 20(12), pages 1741-1767, December.
    • Handle: RePEc:taf:rpxmxx:v:20:y:2018:i:12:p:1741-1767
    DOI: 10.1080/14719037.2017.1412118
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    Cited by:

    1. Marjukka Mikkonen & Jari Stenvall & Kati Lehtonen, 2021. "The Paradox of Gender Diversity, Organizational Outcomes, and Recruitment in the Boards of National Governing Bodies of Sport," Administrative Sciences, MDPI, vol. 11(4), pages 1-16, November.
    2. Mehmet Akif Demircioglu & Farzana Chowdhury, 2021. "Entrepreneurship in public organizations: the role of leadership behavior," Small Business Economics, Springer, vol. 57(3), pages 1107-1123, October.
    3. Michal Plaček & Cristina del Campo & Vladislav Valentinov & Gabriela Vaceková & Markéta Šumpíková & František Ochrana, 2022. "Gender Heterogeneity and Politics in Decision-Making About Green Public Procurement in the Czech Republic," Politics and Governance, Cogitatio Press, vol. 10(3), pages 239-250.

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