Board Gender and the Profitability of Insider Trading
摘要
The success of insider buys may be affected by the presence of women on business boards. Traditional studies of events. The returns on insider purchases are atypically high. We examine the cross-sectional volatility in this market impact on women on boards after controlling for other variables. According to the statistics, the market has responded positively, and female directors are just as profitable as their male counterparts. Male directors’ profitability drops, while women’s rises when they’re in charge. Male-dominated boards benefit from having women on them. Women on boards may benefit from the asymmetry of knowledge that comes with participation.