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Gender diversity of boards and executives on real earnings management in the bull or bear period: Empirical evidence from China

Li, XiaoJiao and Ahmed, Rizwan and Than, Ei Thuzar and Ishaque, Maria and Huynh, Toan Luu Duc (2021) 'Gender diversity of boards and executives on real earnings management in the bull or bear period: Empirical evidence from China.' International Journal of Finance and Economics. ISSN 1076-9307

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Abstract

This study investigates whether gender diversity in the roles of executives, boards of supervisors and management impacts real earnings management during the bullish and bearish periods from 2000 to 2017. The sample is separated by bullish (11,616 firm-year observations) and bearish (14,436 firm-year observations) periods. The results suggest that female participation on supervisory boards and executives tend to kerb real earnings management during bearish and bullish periods. Another important finding is that female CEOs are more cautious in real earnings manipulation due to their risk-averse nature during the bearish period, while female CFOs are more likely to constrain real earnings management in the bullish period. This study failed to find the relation of gender diversity on boards of management to real earnings management; however, the study has found that female executives (excluding CEOs and CFOs) who are also directors are more likely to limit earnings manipulation.

Item Type: Article
Uncontrolled Keywords: female directors, female executives, female supervisors, gender diversity, real earnings management
Divisions: Faculty of Social Sciences > Essex Business School
Faculty of Social Sciences > Essex Business School > Essex Accounting Centre
Depositing User: Elements
Date Deposited: 01 Jul 2021 12:49
Last Modified: 01 Jul 2021 12:49
URI: http://repository.essex.ac.uk/id/eprint/30504

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