Angelica Gonzalez

TL;DR: In this paper, the authors investigate the relationship between boardroom gender diversity and firm risk, using a dynamic model that controls for reverse causality and for gender and risk being influenced by unobservable firm factors.

TL;DR: In this article, the authors investigate the relationship between boardroom gender diversity and firm risk and show that there is no evidence that female boardroom representation influences equity risk, and they also show that negative relationships between the two variables are spurious and driven by unobserved between-fi rm heterogeneous factors.

TL;DR: In this paper, the authors examined whether the reputation incentives of independent directors increase the incorporation of firm-specific information into stock prices and found that the proportion of directors who deem their directorships to be more important based on firm market capitalization is associated with higher firm specific information content in stock prices.

TL;DR: This paper showed that when more independent directors rank a directorship high, the firm-specific information content in a firm's stock price increases, and that independent directors with high reputation incentives serve firms that voluntarily disclose more information and display lower crash risk.

TL;DR: In this paper, the authors show that firms that issue Cat bonds exhibit less risky underwriting portfolios with less exposure to catastrophe risks and overall less need to hedge catastrophe risk, and that the access to the market for insurance securitization is easiest for firms with less risky portfolios.