Volume 2 • Issue 3 | September, 2018
CEO gender, corporate risk-taking, and the efficiency of capital allocation – the case of Vietnam
Vu Trong Hien
Abstract:
The study considers the effect of CEO gender on the corporate risk-taking behavior in Vietnam. The results indicate that firms run by female CEOs have lower leverage, less volatile earnings than firms run by male CEOs. The findings are robust after controlling the endogeneity by using many various econometrics methods. The research also examines the impact of CEO gender on the efficiency of capital allocation process. The outcomes show that the risk-avoidance behavior of female CEOs seems to lead to distortions in the investment policy of the corporate.