Gender Diversity and Corporate Resilience to Climate Change: Evidence from Greenfield Investments

By Ming Yan William Cheung, Bihong Huang

July 19, 2024

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Format: Chicago

Ming Yan William Cheung, and Bihong Huang. Gender Diversity and Corporate Resilience to Climate Change: Evidence from Greenfield Investments, (USA: International Monetary Fund, 2024) accessed November 23, 2024

Disclaimer: IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate. The views expressed in IMF Working Papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.

Summary

This paper examines the impact of board gender diversity on the performance of firms whose greenfield investments are struck by natural disasters. We find that corporations with more diverse boards are more likely to earn higher net income but less likely to have negative earnings in front of natural disasters. Further analyses indicate that those corporations with more diverse boards invest less in countries vulnerable to climate change but more in countries ready to adapt for climate change. They have lower exposure to environmental policy risks and are more likely to establish dedicated committees to oversee the risks.

Subject: Climate change, Environment, Gender, Gender diversity, Natural disasters, Women

Keywords: Board gender diversity, Climate change, East Asia, Gender diversity, Global, Greenfield investment, IMF working paper WP 24/157, Natural disaster, Natural disasters, Nonfinancial firm, Time prefix, Women

Publication Details

Pages:

46
Volume:

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DOI:

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Issue:

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Series:

Working Paper No. 2024/157
Stock No:

WPIEA2024157
ISBN:

9798400280719
ISSN:

1018-5941

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