Por favor, use este identificador para citar o enlazar este ítem: http://hdl.handle.net/11531/31349
Título : Board of Director Gender Diversity and Its Impact on Earnings Management: An Empirical Analysis for Selected European Firms
Autor : Saona Hoffmann, Paolo Rodrigo
Resumen : See abstract in English
From a corporate governance point of view, this paper addresses the question about how board gender diversity influences managerial opportunistic behavior for solving agency conflicts from a sample of European countries. Specifically, we analyzed indexed nonfinancial companies from Denmark, Finland, France, Germany, Italy, Norway, Portugal, Spain, Sweden, and United Kingdom for the period 2006 2016. Several panel data techniques are used in the empirical analysis to deal with the endogeneity and heterogeneity problems. To the best of our knowledge our research is novel in the literature by providing a multi-country approach in board gender diversity, as well as considering contextual, country variables and the role of the regulatory system as determinants of earnings management. Our results confirm the benefits of having a balanced board, in terms of gender diversity. An equilibrated board tends to mitigate earnings management practices, reinforcing the value of the laws passed in the last decades in Europe. Our analysis reveals that the regulatory framework regarding board gender diversity established by each country has a determinant role in reaching equality in decision-making positions, as a founding value of the European Union. We provide several policy recommendations from our main findings.
URI : http://hdl.handle.net/11531/31349
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