Gender Diversity in Bank Boardrooms and Green Lending : Evidence from Euro Area Credit Register Data

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Gambacorta, Leonardo and Pancotto, Livia and Reghezza, Alessio and Spaggiari, Martina (2022) Gender Diversity in Bank Boardrooms and Green Lending : Evidence from Euro Area Credit Register Data. Preprint / Working Paper. European Central Bank, [Frankfurt]. (https://doi.org/10.2866/530595)

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Abstract

Do female directors on banks’ boards influence lending decisions toward less polluting firms? By using granular credit register data matched with information on firm-level greenhouse gas (GHG) emission intensities, we isolate credit supply shifts and find that banks with more gender-diverse boards provide less credit to browner companies. This evidence is robust when we differentiate among types of GHG emissions and control for endogeneity concerns. In addition, we also show that female director-specific characteristics matter for lending behavior to polluting firms as better-educated directors grant lower credit volumes to more polluting firms. Finally, we document that the “greening” effect of the female members in banks’ boardrooms is stronger in countries with more female climate-oriented politicians.

ORCID iDs

Gambacorta, Leonardo, Pancotto, Livia ORCID logoORCID: https://orcid.org/0000-0001-9247-3662, Reghezza, Alessio and Spaggiari, Martina;
  • Item type:Monograph(Preprint / Working Paper)
    ID code:82798
    Dates:
    Date
    Event
    14 October 2022
    Published
    Notes:This output has been peer-reviewed.
    Subjects:Social Sciences > Finance
    Department:Strathclyde Business School > Accounting and Finance
    Depositing user: Pure Administrator
    Date deposited:17 Oct 2022 09:34
    Last modified:17 Dec 2024 01:08
    URI:https://strathprints.strath.ac.uk/id/eprint/82798
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