Girls will be girls? The gendered effect of economic policy uncertainty on corporate investment

We examine the effect of CEO gender on relationship between economic policy uncertainty (EPU) and corporate investment. Using newspaper-based EPU index developed by Baker, Bloom, Davis (2016), we perform an empirical investigation firm-level data more than 38,000 firms from eight European countries for 2010–2019. find evidence that higher is associated with However, show this beneficial lower when firm a woman. explain finding risk aversion women relative to men. Our work contributes debate impact decisions bringing upfront influence gender.