... board composition through gender diversity, while policymakers can introduce new policies in encouraging the presence of female directors on boards. Originality/value This study primarily enriches the literature on the effect of board diversity on debt financing cost in a leading emerging market...

... directors Board composition Female directors have values more aligned with corporate social performance (Byron and Post, 2016) and bring a different perspective to the boardroom that nurtures change (Kramer et al., 2007). Female board members are positively associated with constrained...