CFO gender impacts bank loan costs: Bank of Finland paper


Firms under the control of a female chief financial officer (CFO) are likely to be charged lower rates for borrowing than companies with a male CFO, according to a Bank of Finland paper, published on Tuesday.

Bill Francis, Iftekhar Hasan and Qiang Wu, the paper's authors, examine whether banks take into consideration the gender of the CFO when pricing bank loans, noting that recent studies show female CFOs are more risk-averse than male CFOs when making corporate decisions.

The authors find that

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

If you already have an account, please sign in here.

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account