Navigating Financial Distress: How Board Gender Diversity Moderates the Impact of Leverage and Total Asset Turnover

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Leverage positively impacts financial distress, while total asset turnover negatively impacts it, indicating different roles of these factors in financial health.
Board gender diversity moderates leverage's negative impact and enhances total asset turnover's positive effect on reducing financial distress.
Utilizing the SEM-PLS method, data from 113 non-cyclical companies during 2018-2022 were analyzed to examine these relationships.
This research highlights that promoting gender diversity on corporate boards can lead to improved financial stability and governance.

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Analysis shows board gender diversity moderates financial distress impact from leverage and asset turnover in non-cyclical consumer companies.

Anggraeni et al. (2025) studied this question.

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Analysis shows board gender diversity moderates financial distress impact from leverage and asset turnover in non-cyclical consumer companies.