排序方式: 共有3条查询结果,搜索用时 0 毫秒
1
2.
In this article, we examine the factors determining the representation of women on boards of directors by considering three main questions. The first question deals with the relationship between characteristics of ownership and governance on one side, and female directorship on the other. The second major question concerns the demographic attributes of women directors, such as nationality, foreign experience, educational level, business expertise, and connections to external sources. The third important question refers to women in senior positions on French boards (e.g., as independent members or board subcommittee members) in relation to firm characteristics and women’s demographic attributes. Our study focuses on French large- and mid-capitalized companies belonging to the SBF120 stock market index during a 5-year period running from 2000 to 2004. First, our results give evidence that the appointment of women directors is strongly related to family ownership and board or firm size. Second, the appointment of women directors is related to their professional services, valuable skills, and network links. Furthermore, we show that women face a double glass-ceiling problem, and note that French firms rely more on the demographic attributes of their women directors when they are appointed to senior board positions. Our study sheds light on issues concerning the law that comes into force in 2016, which imposes quotas of women members on boards of directors in French companies. 相似文献
3.
Hayette Gatfaoui 《Annals of Finance》2010,6(4):511-535
Under Basel II framework, credit risk assessment is of high significance in the light of correlation risk. Correlation risk
is often envisioned along with business conditions and financial market’s impact. We employ copula methodology to identify
the dependence structures that may exist between market risk fundamentals and credit risk fundamentals. Considering credit
derivative spreads as credit risk fundamentals and market data as market risk determinants, we describe and quantify the asymmetric
link prevailing between credit risk and market risk. Credit risk is negatively linked with market price risk whereas it becomes
positively linked with market volatility risk. Such patterns give rise to interesting asymmetric dependence structures between
both risk sources. We are then able to balance reliably market price risk with market volatility feedback, the market trend
supporting a common correlation between securities. In the light of the previous trade-off, we propose also a simple credit
risk management rule. 相似文献
1