Gender diversity in the boardroom and earnings management during the period of the COVID-19 crisis*

被引:0
作者
Susak, Toni [1 ]
Kramaric, Tomislava Pavic [1 ]
Bartulovic, Marijana [1 ]
机构
[1] Univ Split, Univ Dept Forens Sci, Rudera Boskovica 33, Split 21000, Croatia
来源
ZBORNIK RADOVA EKONOMSKOG FAKULTETA U RIJECI-PROCEEDINGS OF RIJEKA FACULTY OF ECONOMICS | 2023年 / 41卷 / 01期
关键词
COVID-19; crisis; boardroom; earnings management; gender; diversity; FIRM PERFORMANCE; INVESTMENT;
D O I
10.18045/zbefri.2023.1.41
中图分类号
F [经济];
学科分类号
02 ;
摘要
This paper investigates the effect of the COVID-19 crisis on the relationship between gender diversity in management and supervisory boards and the level of earnings management. The research sample comprised companies listed on the Croatian national stock exchange, and the panel data was obtained for the 2015-2020 period to estimate regression models. Findings indicated that the presence and higher share of female directors on management boards were beneficial for curtailing earnings management but only for the financial statements disclosed during the first year of the COVID-19 pandemic. At that time, such effort was vital due to the escalation of earnings management caused by extremely pessimistic economic expectations. In the financial statements disclosed during the second year of the pandemic, the level of earnings management considerably declined, and female directors were not as effective in restraining these activities as in the first year. It could imply greater prudence of female directors when anticipating the intensity of public scrutiny regarding financial statements in a period of crisis. Gender diversity in supervisory boards proved to be an insignificant determinant of earnings management during the COVID-19 crisis.
引用
收藏
页码:41 / 63
页数:23
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