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
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