Women and risk-taking behaviour in local public finance
研究日本764个城市政府中女性在民选职位和行政职位上的代表比例如何影响地方财政决策，发现女性在地方议会的代表比例与规避风险的财政行为正相关，而与市长和行政职位上的女性代表比例无关。
This study examines how female representation in local elected (mayor and legislature) and administrative (mid-level manager) positions influences municipal financial decision-making in 764 Japanese city-level governments. Findings show that female representation in local councils is positively correlated with risk-averse behaviour in financial decisions, as female representation on the legislature is negatively associated with issuing municipal bonds and with local investment in public corporations. Female representation in executive (mayor and vice-mayor) and mid-level administrative managerial positions has no apparent effects on local financial decisions. This study tests existing explanations of relationships between female managerial representation and fiscal behaviour in an Asian developed setting characterized by considerable underrepresentation of women in politics.