Gender-Based Risk Aversion in Female Executives and Financial Performance

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School of Business | Bachelor's thesis

Date

2024

Major/Subject

Mcode

Degree programme

Laskentatoimi

Language

en

Pages

27

Series

Abstract

This thesis explores the relationship between gender-based risk aversion in female executives and its impact on financial performance. The primary research question guiding this study is: Does gender-based risk aversion in female executives affect financial performance? Understanding how gender influences decision-making in leadership is crucial, as executives play a key role in shaping financial strategies, risk management, and overall corporate performance. With the increasing presence of women in executive roles, it is important to evaluate whether gender-based risk aversion still holds significance and how it may impact firm performance. This research also provides insights into broader discussions about gender diversity in leadership and its implications for governance. The study is conducted through a structured literature review, analysing existing research on gender-based risk aversion, female executives, and financial performance. The findings show that gender-based risk aversion in female executives is less evident than previously assumed, with contextual factors like industry, cultural environment, and economic conditions heavily influencing results. Female executives were found to improve governance and contribute to firm stability, but their impact on financial performance varies depending on these external factors. The results suggest that while gender-based risk aversion in female executives does influence financial performance, this relationship is complex and highly context-dependent. The findings emphasise the importance of balancing risk management with growth strategies and highlight the need to explore these dynamics in diverse contexts further.

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Thesis advisor

Salehi, Hamed

Keywords

gender-based risk aversion, female executives, financial performance, corporate governance, leadership

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