Cell Biology and Development Studies

ABSTRACT

This study examines the relationship between gender diversity and financial resilience in a company. Over the years, the issue of gender diversity in corporate governance has received increasing attention from both academic and empirical studies. Financial resilience is the ability of a company (entrepreneur and manager) to ‘bounce back’ after adverse events, progressively adapt to not-temporary changes in circumstances, and face environmental stress. This study aims to explain how financial companies are committing to building the pipeline necessary to increase gender diversity. The qualitative approach for collecting information was considered useful in the first step of the research to describe and interpret how a bank can influence financial resilience, which is notably influenced by dominant factors such as income, family size and company size, age, and gender. The research provided a few intriguing results. Specific subjects may influence an individual\'s capacity for resilience. Laws and corporate rules prevent certain organizations from maintaining diverse practices, such as prohibiting the stereotyping of men and women during the hiring process. In the meantime, these organizations strive to bridge the gender gap by providing both financial and general knowledge and information, such as laws and family policies. Societal differences in gender-based human capital may affect resilience, even though the selection process of financial products does not require stereotyping of men and women. However, there is a positive relationship between information-sharing and problem-solving abilities.

Article History

Received 20 August 2024; Revised 19 September 2024; Accepted 26 September 2024

KEYWORDS

1. Financial resilience
2. Gender diversity
3. Financial knowledge
4. Financial confidence
5. Social capital