Purpose – Theory suggests that the market for corporate control, which constitutes an important external governance mechanism, may substitute for internal governance. Consistent with this notion, using a novel measure of takeover vulnerability primarily based on state legislation, we...

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’...

Exploiting a distinctive measure of corporate culture based on advanced machine learning, we investigate the effect of board gender diversity on corporate culture. Our results demonstrate that greater board gender diversity considerably strengthens positive corporate culture. The findings...

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...

PurposeWe investigate whether shareholders are convinced by earnings management. We also explore how board gender diversity (the presence of female directors on the board) may influence the extent to which shareholders are convinced by earnings management. Design/MethodologyWe estimate the stock...