01 - Role of Gender Diversity in Explaining Financial Distress: A Dynamic Panel Data ...
http://dx.doi.org/10.31703/gmsr.2025(X-IV).0110.31703/gmsr.2025(X-IV).01 Published : Dec 2025
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The purpose of the paper is to examine how board gender diversity can be used to explain financial distress over the span of 9 years, from 2013 to 2021, using a sample of 58 non-financial companies listed publicly on the Pakistani equity market. The study employs the dynamic generalized method of moment estimator, using the Altman Z-score model as a proxy for financial distress, where a higher Z-s... Details
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Financial Distress, Gender Diversity, Board characteristics
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(1) Fahim Ullah Khan
M.Phil Scholar, Department of Business Studies, Pakistan Institute of Development Economics, Islamabad, Pakistan.
(2) Luqman Khan
Ph.D Scholar, Department of Management Sciences, Islamia College Peshawar, K, Pakistan.
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