Proceedings of the 2nd International Conference on Advance Research in Social and Economic Science (ICARSE 2023)

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Gender and Risky Decisions: The Role of the Human Capital Board as Moderator

Authors
Sri Isworo Ediningsih1, Nilmawati Nilmawati1, *, Agussalim Agussalim1
1UPN Veteran Yogyakarta, Yogyakarta, Indonesia
*Corresponding author. Email: nilmawati@upnyk.ac.id
Corresponding Author
Nilmawati Nilmawati
Available Online 4 September 2024.
DOI
10.2991/978-2-38476-247-7_22How to use a DOI?
Keywords
CEO; gender; board; human capital; risky decision
Abstract

This study investigates the potential effects of gender (female CEO) on riskier decisions. The main proxy for risk aversion and confidence levels, according to the literature, is gender. Men are said to be more risk-tolerant and overconfident than women, who tend to be more cautious and risk-averse. Findings from multiple regression analysis suggest that female CEOs generally refrain from making riskier decisions. The analysis uses a sample of all the companies listed on the Indonesia Stock Exchange for the years 2015 to 2022. However, board capital, which comprises of the people and social resources of the board, might reduce risk aversion. Board human capital is determined by the CEO’s prior experience as the CEO of other companies, whereas board social capital is determined by the CEO’s connected directorship and political contacts.

Copyright
© 2024 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 2nd International Conference on Advance Research in Social and Economic Science (ICARSE 2023)
Series
Advances in Social Science, Education and Humanities Research
Publication Date
4 September 2024
ISBN
978-2-38476-247-7
ISSN
2352-5398
DOI
10.2991/978-2-38476-247-7_22How to use a DOI?
Copyright
© 2024 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Sri Isworo Ediningsih
AU  - Nilmawati Nilmawati
AU  - Agussalim Agussalim
PY  - 2024
DA  - 2024/09/04
TI  - Gender and Risky Decisions: The Role of the Human Capital Board as Moderator
BT  - Proceedings of the 2nd International Conference on Advance Research in Social and Economic Science (ICARSE 2023)
PB  - Atlantis Press
SP  - 197
EP  - 203
SN  - 2352-5398
UR  - https://doi.org/10.2991/978-2-38476-247-7_22
DO  - 10.2991/978-2-38476-247-7_22
ID  - Ediningsih2024
ER  -