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Bundesbank study shows women, youth boost bank risk-taking

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Board changes that increase the proportion of female executives at banks also spur more risk- taking by the institution, according to a Bundesbank study that flouts the image of women as safer investment managers.

The study, published on March 6, also showed that younger executive teams increase risky decisions, while changes that boost the number of managers with doctorate degrees reduce risk.

The findings have “important policy implications” for discussions surrounding the benefits of gender quotas and the imposition of educational requirements to boost corporate governance, authors including Allen N. Berger of the University of South Carolina, Bundesbank researcher Thomas Kick and Bangor University’s Klaus Schaeck wrote in the paper.

The academics studied gender patterns at 3,525 banks between 1994 and 2010 to reach their conclusions.

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