Aguir, Iness; Boubakri, Narjess; Marra, Miriam; Zhu, Lu - 2022
We study the relationship between firm credit risk and women directors and officers (D&O). We find that the higher the firm’s past credit risk is, and the more (less) likely it is to have a woman serving as the firm’s CEO or CFO (on the company board). The firms’ future expected default...