Showing 1 - 10 of 37
Motivated by the debate on gender inequality, we study CEO gender and CEO age. Because women face significantly more … be driven by endogeneity. Because it is substantially harder for women to become a CEO, those who are successful must …
Persistent link: https://www.econbiz.de/10012966683
that board gender diversity significantly deters the opportunistic timing of option grants. The effect of board gender … diversity is 17.19% stronger than that of board independence in reducing CEO luck. Board gender diversity plays an effective … governance role, even more effective than board independence does. Our results support the benefits of board gender diversity in …
Persistent link: https://www.econbiz.de/10013240820
We investigate the effect of board gender diversity on managerial risk-taking incentives. Our results demonstrate that … companies with stronger board gender diversity provide more powerful executive risk-taking incentives. It appears that female … directors’ risk aversion exacerbates managers’ risk aversion, resulting in a sub-optimal level of risk-taking. To offset this …
Persistent link: https://www.econbiz.de/10013211267
difficulty of shareholder litigation, we explore the effect of shareholder litigation rights on board gender diversity. Our …
Persistent link: https://www.econbiz.de/10013403469
board gender diversity on corporate culture. Our results demonstrate that greater board gender diversity considerably … strengthens positive corporate culture. The findings support the notion that board gender diversity enhances board oversight and … helps solve agency problems, resulting in managers being compelled to take measures that benefit shareholders and …
Persistent link: https://www.econbiz.de/10014258422
In times of crisis, corporate governance, particularly the gender equality aspect, is critically important. Motivated … by the phrase ‘gender equality today for a sustainable tomorrow’, we investigate how board gender diversity affects asset … redeployability, which is a key element in the literature on investment irreversibility and a predictor of a firm's liquidity …
Persistent link: https://www.econbiz.de/10014258496
We examine the impact of CEO tenure on corporate labor investment efficiency. While some studies show that CEO … are associated with more efficient labor investment. This finding is robust to alternative measures of labor investment … under- and over-labor investment problems characterized by under-hiring and under-firing, respectively. The positive effect …
Persistent link: https://www.econbiz.de/10014348946
emphasis on board gender diversity.Design/methodology/approach – We exploit a novel measure of takeover vulnerability based on ….Findings – Our results show that a more active takeover market leads to lower board gender diversity. Specifically, a rise in … takeover vulnerability by one standard deviation results in a decline in board gender diversity by 10.01%. Moreover, stronger …
Persistent link: https://www.econbiz.de/10013239732
PurposeWe investigate whether shareholders are convinced by earnings management. We also explore how board gender … influenced by the extent of earnings management. Furthermore, we test how board gender diversity affects the degree to which … gender diversity helps shareholders see through earnings management better. The presence of female directors significantly …
Persistent link: https://www.econbiz.de/10012840035
dividend payouts by 29%. Our results are consistent with the notion that talented managers, confident in their ability to keep …
Persistent link: https://www.econbiz.de/10013003146