Female directors and real activities manipulation:Evidence from China

被引:8
作者
Jin-hui Luo [1 ]
Yuangao Xiang [1 ]
Zeyue Huang [1 ]
机构
[1] School of Management,Xiamen University
基金
中国国家自然科学基金;
关键词
Female director; Gender diversity; Earnings management; Real activities manipulation; Corporate governance;
D O I
暂无
中图分类号
C913.68 [妇女问题]; F271 [企业体制];
学科分类号
030301 ; 1202 ; 120202 ; 1204 ;
摘要
Unlike previous studies that focus on accrual-based earnings management, this study analyzes real activities manipulation and investigates whether female directors on boards of directors(Bo Ds) affect managers’ real activities manipulation. Using a large sample of 11,831 firm-year observations from Chinese listed companies from the 2000 to 2011 period, we find that higher female participation on Bo Ds is associated with lower levels of real activities manipulation, and that this negative relationship is stronger when female directors have higher ownership. These results hold for a battery of robustness checks.Overall, our findings indicate that board gender diversity may serve as a substitute mechanism for corporate governance to curb real activities manipulation and thus provide interested stakeholders with higher quality earnings reports.
引用
收藏
页码:141 / 166
页数:26
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