INFLUENCE OF CORPORATE BOARD DIVERSITY ON CORPORATE RISK: EVIDENCE FROM PAKISTAN
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Date
2020
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Publisher
UMT.Lahore
Abstract
The main purpose of the research is to identify the influence of the corporate board diversity
on the corporate risk taking. The board diversity is measured through the two different variables
that are task-oriented diversity and relation-oriented diversity. Task oriented diversityis related to
the tenure and education and relation oriented is linked to the age and gender. The study has
considered the case of Pakistan to study this aspect. The quantitative approach has been applied to
thisresearch by using the secondary data. 100 Pakistani listed companies have been selected for the
period of 2015 to 2019 on the base of market capitalization. The results have been estimated using
GLS panel regression due to the presence of heteroscedasticity and serial autocorrelation. The
finding of the study has revealed that age, gender and education tends to have significant and
positive association with the corporate risk while tenure has insignificant relationship with the
corporate risk.