Board gender diversity and responsible banking during the COVID-19 pandemic
研究了新冠疫情期间，董事会性别多样性是否影响银行对客户、社区和政府的支持，发现女性董事比例高的银行支持更多，慈善捐赠也更多。
This study investigates whether board gender diversity matters in banks' initial responses to the COVID-19 pandemic in supporting their customers, communities and governments. We construct a unique and comprehensive COVID-19 Bank Response Measure (C19BRM) by compiling a novel hand-collected dataset on supportive measures announced by US and European banks during the first wave of the pandemic. We find that banks with higher board representation of women directors supported their customers and communities more. Our findings also reveal that banks with more women on the boards increased their charity and donations. Our results are robust to the potential self-selection bias of women choosing to join boards of more responsible banks, the omitted variables bias, and alternative measures of gender diversity.