“…As the vast literature on gender and risk has produced mixed findings, scholars have suggested that differences in risk propensity between men and women may depend on the nature of the task (Bromiley and Curley, 1992;Maxfield et al, 2010) and the context (He, Inman and Mittal, 2007). Consistent with Byrnes, Miller and Schafer (1999), recent research has found that women are more risk averse than men in areas of physical health and safety (Harrant and Vaillant, 2008;Harris, Jenkins and Glaser, 2006); however, research on risk taking behaviour in investment and insurance decisions has found that gender differences are more nuanced and depend on context (Eckel and Grossman, 2008;He, Inman and Mittal, 2007;Holt and Laury, 2002). In strategic and managerial tasks, while some studies have found no gender differences (Castillo and Women in Upper Echelons of Management 393 Cross, 2008;Corman, 2001;Johnson and Powell, 1994;Masters and Meier, 1988), others have found that a gender-balanced board is more likely to pay attention to managing and controlling risk (Davies Report, 2011, p. 9).…”