Gender Diversity and Financial Risk Disclosure: Investigating the Moderating Role of CEO Narcissism

Bruce Burton; Muhammad Ishfaq Ahmad; Enrico Battisti; Muhammad Akram Naseem; Jili Liu

doi:10.1002/csr.3228

Gender Diversity and Financial Risk Disclosure: Investigating the Moderating Role of CEO Narcissism

Bruce Burton, Muhammad Ishfaq Ahmad, Enrico Battisti, Muhammad Akram Naseem, Jili Liu

Research output: Contribution to journal › Article › peer-review

Abstract

This study examines the role of gender diversity and CEO narcissism on financial risk disclosure using data from Pakistani-listed firms from 2013 to 2022. Poisson regression analysis reveals that gender diversity positively influences financial risk disclosure, supporting both resource- and agency-based reasoning. CEO narcissism moderates the relationship; however, it suggests that the agency-based viewpoint has greater empirical validity. Given the apparent importance of diversity in signaling robust attitudes to risk even in the face of CEO narcissism, the study supports regulatory reform to encourage and consolidate female participation on the board.

Original language	English
Pages (from-to)	5088-5101
Number of pages	14
Journal	Corporate Social Responsibility and Environmental Management
Volume	32
Issue number	4
Early online date	1 May 2025
DOIs	https://doi.org/10.1002/csr.3228
Publication status	Published - 1 Jul 2025

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© 2025 ERP Environment and John Wiley & Sons Ltd.

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abstract = "This study examines the role of gender diversity and CEO narcissism on financial risk disclosure using data from Pakistani-listed firms from 2013 to 2022. Poisson regression analysis reveals that gender diversity positively influences financial risk disclosure, supporting both resource- and agency-based reasoning. CEO narcissism moderates the relationship; however, it suggests that the agency-based viewpoint has greater empirical validity. Given the apparent importance of diversity in signaling robust attitudes to risk even in the face of CEO narcissism, the study supports regulatory reform to encourage and consolidate female participation on the board.",

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Gender Diversity and Financial Risk Disclosure: Investigating the Moderating Role of CEO Narcissism

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