Political connections and remuneration of bank boards’ members: moderating effect of gender diversity

This study investigates the impact of political connections members banks’ Boards Directors on these boards’ remuneration, and influence gender diversity this impact. Using a panel observations 69 eurozone banks supervised by ECB for period 2011 to 2019, generalized method moments (GMM), our empirical results indicate that negatively average remuneration. In view, directors with prefer other types benefits, aiming at future positions not wanting be associated high remunerations. Meanwhile, accentuates negative effect, finding may related fact that, including female directors, shareholders try reduce level opportunistic behavior connections. Overall, we find are robust across different choices measures diversity.