Abstract
This chapter intends to contribute to the analysis of gender diversity and financial risk through a bibliometric review of the existent literature to understand the current state of financial risk research as well as to contribute to the analysis of the influence of gender diversity on financial risk. Although there is extensive research on financial risk, no recent study tries to update the current state of the research over the influence of gender on financial risk practices. This chapter describes the evolutional research studies published in the digital library Scopus, between 2010 and June 2021, and compares the results obtained in evolutionary terms. When the research is concentrated on the bibliometric analysis in the Scopus database and the keyword “financial risk,” it leads to a total of 15,979 documents. Regarding the analysis concentrated on the keywords “gender diversity” and “financial risk” for the period between 2010 and June 2021, the authors end with a final sample of 96 documents. Proposals for further research are provided based on the current state of the art.
TopBrief Literature Review On Financial Risk And Gender Diversity
FR is normally referred to as the possibility that a firm’s cash flow will prove to be inadequate to meet its obligations, and is related to the odds of losing money, which can result in the loss of capital to interested parties. There are several types of FR, like financial distress risk (Altman, 1968), market risk (Salomons & Grootveld, 2003), operational risk (Girling, 2013), disclosure risk (Linsley & Shrives, 2006), model risk (Jokhadze & Schmidt, 2020), and credit risk (Putri, Bunga & Rochman, 2021). Many factors have been reported in the literature to explain firms’ risk. One of the reported factors, influencing management decisions, and, consequently, the firms’ risk, is GD. Other recently studied factors include economic policy uncertainty (Wen et al., 2021), policy and corporate financing (Lee et al., 2021), Knowledge management (Hock-Doepgen et al., 2021), cash reserves, and financial constraints (Lee and Wang, 2021), corporate social responsibility (Kuo et al., 2021), gender diversity (Cho et al., 2021), just to mention a few.
Key Terms in this Chapter
Bibliometric Analysis: Is the attempt to quantitatively assess the academic quality of journals or authors by statistical methods such as citation rates.
Gender Diversity: Consists of a fair and equitable representation of people of different genders, usually referred to as an equitable ratio of men and women. Gender diversity on corporate boards studies and promotes gender diversity in fields traditionally dominated by men. It helps firms attracting and retaining talented women, being especially relevant as more women join the labor force all over the world.
Content Analysis: Is the study of documents and communication artifacts, which might be texts of various formats, pictures, audio, or video. Social scientists use content analysis to examine patterns in communication in a replicable and systematic manner.
Measurement: Is the numerical quantitation of the attributes of an object or event, which can be used to compare with other objects or events. The scope and application of measurement are dependent on the context and discipline.
Financial Risk: Is the possibility of losing money on an investment. Financial risk can result in the loss of capital to interested parties. It includes several types of risk, such as credit risk, liquidity risk, and operational risk.