Does board ethnic diversity mitigate bankruptcy risk?
研究了标普1500制造业公司中董事会种族多元化（以少数族裔董事比例衡量）与破产风险的关系，发现少数族裔董事比例高的公司破产风险更低。
We investigate the relationship between the ethnic diversity of corporate boards, measured by the ratio of minority directors, and bankruptcy risks among manufacturing firms included in S&P 1500. Our findings indicate that companies with a higher representation of minority directors on their boards demonstrate decreased bankruptcy risks compared to companies with lower levels of minority board diversity . This study implies that boards with diverse ethnic backgrounds are better equipped to make balanced decisions and manage bankruptcy risks.