Search results for "corporate board"
showing 4 items of 4 documents
Neural Networks to Determine the Relationships Between Business Innovation and Gender Aspects
2021
Gender aspects of management, innovation and entrepreneurship are gaining more and more importance as cross-cutting issues for researchers, practitioners and decision makers. Extant literature pays a growing attention to the hypothesis that there exists a correlation between the gender diversity of corporate boards of directors and the business attitude to innovation. In this paper we introduce a working framework to test the aforementioned hypothesis and to examine the correlation between board diversity and innovation perception of a business. This framework is based on correlation computation and feed-forward neural networks, and it is used to evaluate whether the gender component may be…
Gender diversity and governance: Analysis of Italian listed companies
2020
In recent years, many countries have adopted different legislative and self-regulatory initiatives to be able to tackle the problem of the underrepresentation of women on boards. Also, Italy with Law No. 120/2011 introduced the gender issue adopting the normative that 1/3 of the elected members would be women. In this job, a primary aim was to study over the period 2016/2018 the impact of female presence on boards of 50 companies listed on the Italian Stock Exchange. In depth, our results confirm that Italian Law has produced significant effects on the composition of the corporate board. The result of our study shows that women positively influence corporate performance, this is perfectly i…
Corporate board and default risk of financial firms
2022
This paper analyses the impact of corporate board structure on default risk of European banking firms. We focus on four core aspects of boards that have been addressed in Directive 2013/36/ EU to strengthen the corporate governance of banks: the size of boards, their independence, the participation of female directors and CEO duality. We employ panel data analysis to study the 109 European listed banks between 2002 and 2019. Default risk is estimated by Merton’s (1974) distance to default. We take into account the presence of unobservable heterogeneity, simultaneity and dynamic endogeneity and estimate the model using the dynamic difference and dynamic system GMM methodologies. The results …
Corporate entrepreneurship and governance: Mergers and acquisitions in Europe
2022
Mergers and acquisitions (M&A) are a form of corporate entrepreneurship involving strategic decisions that require discussion and approval by the board of directors of the acquiring firm. We focus on board attributes to analyze the entrepreneurial function of the board of directors and its involvement in corporate entrepreneurship. Building on different theories (agency theory, resource dependence theory, stewardship theory, and stakeholder theory), we examine whether board composition affects the number of acquisitions, the risk involved in bids, and the creation of value for the acquirer's shareholders. For a sample of European firms over the period 2002 to 2020, we find that board size a…