Does gender matter: The effects of CEO gender, board composition, and top management composition on risk-taking, capital allocation, and profitability of PSE-listed firms

Date of Publication

2017

Document Type

Bachelor's Thesis

Degree Name

Bachelor of Science in Management of Financial Institutions

College

Ramon V. Del Rosario College of Business

Department/Unit

Financial Management

Thesis Adviser

Fluellen Bautista

Defense Panel Member

Steven S. Lim
Ester Guerzon

Abstract/Summary

This paper empirically examines the relationship between gender and corporate choices. Specifically this paper finds and examines the effects of chief executive officer (CEO) gender, and female presence in the board of directors (BODs) and top management officers on leverage, capital allocation, and profitability. 159 PSE-listed firms represent the sample. Through conducting comparison of means test and fixed effects estimation, this paper successfully establishes a link between managerial traits, such as gender, and differences in firms leverage, capital allocation, and profitability. The findings show that, first, women presence in top management motivates higher leverage and lower capital allocation, while only firm characteristics lead to changes in firms return on assets. Second, on average, only the risk taking of male and female CEOs and directors vary. And lastly, on average, woman presence in top management officers causes variations in risk taking, capital allocations, and return on assets.

Abstract Format

html

Language

English

Format

Print

Accession Number

TU19982

Shelf Location

Archives, The Learning Commons, 12F, Henry Sy Sr. Hall

Physical Description

ii, 95, 4 leaves : illustrations ; 28 cm. + 1 computer disc ; 4 3/4 in.

Keywords

Women chief executive officers--Philippines; Capital budget--Sex differences--Philippines; Profit--Sex differences--Philippines

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