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Abstract
This study investigates the impact of board gender diversity on innovation performance in Chinese listed manufacturing firms, focusing on the mediating role of firm risk-taking. Analyzing 21,262 firm-year observations from 2010 to 2022, we find that board gender diversity positively influences innovation performance through increased risk-taking. Heterogeneity analysis reveals that the impact is stronger in the Eastern and Central regions and in technology-intensive industries. These findings suggest that gender-diverse boards can foster innovation by promoting balanced risk-taking, particularly in regions with better institutional environments and technology-driven sectors. The results have significant implications for corporate governance practices and policies aimed at enhancing gender diversity and innovation.
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