文章基本信息

标题：Which Demographic Characteristics of Directors Affected the Company Risk Level?
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作者：Andrea Lippi ; Maria Luisa Di Battista
期刊名称：International Journal of Economics and Finance
印刷版ISSN：1916-971X
电子版ISSN：1916-9728
出版年度：2017
卷号：9
期号：4
页码：119
DOI：10.5539/ijef.v9n4p119
出版社：Canadian Center of Science and Education
摘要：The board of directors is a group of people whose decision making can affect company life. In particular, the decision to have more liabilities than equity capital, makes a firm more aggressive than others in the market. The aim of this paper is to test the relationship between some demographic characteristics of directors and the firm’s propensity to risk. In particular our analysis consider gender, age of the directors, independence and educational level. Moreover work experiences are considered. The results obtained should be considered by regulators and firm statutes as guidelines for future board composition.