Female leadership and bank performance in Latin America

Laura Baselga-Pascual*, Emilia Vähämaa

*Corresponding author for this work

Research output: Contribution to journalArticleScientificpeer-review

17 Citations (Scopus)


This paper examines the relationship between gender diversity in corporate boards and executive positions and bank risk and performance in Latin America. Our sample covers 91 individual banks during 2000–2017. Our results suggest that banks with a higher proportion of female executives tend to have lower Z-scores than male-led banks. However, female-led banks are more profitable. Our results provide new information related to the debate on the relationship between gender-based behavioural differences and financial decisions by showing that Latin American banks with a higher proportion of female executives are riskier and more profitable than male-led banks. Given the impact of bank performance on the international economy, the global interconnection of financial institutions, and the lack of legal protection in this region, it is of interest for regulators and policy makers to analyse possible sources of better performance and governance in Latin American banks.

Original languageEnglish
Article number100807
Peer-reviewed scientific journalEmerging Markets Review
Number of pages20
Publication statusPublished - 04.03.2021
MoE publication typeA1 Journal article - refereed


  • 512 Business and Management
  • Corporate governance
  • Female leadership
  • Financial institutions
  • Latin America

Areas of Strength and Areas of High Potential (AoS and AoHP)

  • AoS: Financial management, accounting, and governance


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