CFO Gender and Financial Statement Irregularities

Gupta, Vishal K.; Mortal, Sandra; Chakrabarty, Bidisha; Guo, Xiaohu; Turban, Daniel B.

doi:10.5465/amj.2017.0713

Cited by 130 publications

(74 citation statements)

References 124 publications

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“…Feminism Care Theory stated that women tend to have a sympathy toward aggrieved groups, thus they tend to have a good moral awareness (Liao et al, 2019;Burkhardt et al, 2020). Women are viewed to have a more caring, compassionate, and aware nature toward social responsibility when compared to (Gull et al, 2018;Gupta et al, 2020;Umer et al, 2020). The policies decreed by woman director are hoped to shape a more positive attitude to the stakeholders (Cook and Glass, 2018) because women play an important role on the decision making process and the controlling actions toward it.…”

Section: Introductionmentioning

confidence: 99%

“…Feminism Care Theory stated that women have a more caring, compassionate, and aware natured on the social responsibilities than men (Gull et al, 2018;Umer et al, 2020). The women's existence in the directors' board is hoped to create a more conducive condition and increase the board's performance when it comes to discipline and concentration (Gupta et al, 2020). Farida (2019) stated that stakeholder theory may be able to explain that the attendance of women in the board of directors potentially generates more innovative and transparent decisions.…”

Section: Introductionmentioning

confidence: 99%

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The Role of Women on Boards as A Mechanism to Improve Carbon Emission Disclosure and Firm Value

Monica

Daromes

2021

Jurnal Ilmiah Akuntansi dan Bisnis

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This study investigates the role of women on boards as a mechanism to improve carbon emission disclosure, as a mediating effect influence on firm value. The population includes 122 nonfinancial companies listed on the Indonesia Stock Exchange from 2015 to 2019. The results of path analysis reveal that women on boards have a positive and significant effect on carbon emission disclosure, a positive but insignificant effect on firm value, and that carbon emission disclosure is pivotal in mediating women on boards and firm value. This study provides insights that persuade companies to maintain relationships with stakeholders by implementing environmental awareness and disclosing sustainability reports. Carbon emission disclosure as part of the sustainability report is a form of good corporate action in maintaining the balance of living systems on earth. Keywords: women on boards, carbon emissions disclosure, firm value

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Section: Introductionmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

The Role of Women on Boards as A Mechanism to Improve Carbon Emission Disclosure and Firm Value

Monica

Daromes

2021

Jurnal Ilmiah Akuntansi dan Bisnis

View full text Add to dashboard Cite

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“…For instance, Charness and Gneezy [52] claim that because women invest less they just appear to be more financially risk-averse than men. Still, recent studies justify the role of women in the boardroom with a lower propensity of misreporting and frauds when compared to males [53,54]. Thus, the second hypothesis concerning corporate governance is set as follows: Hypothesis 2b.…”

Section: Development Of Hypothesesmentioning

confidence: 99%

What Best Explains Reporting Delays? A SME Population Level Study of Different Factors

Lukason

Miñano

2021

Sustainability

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The objective of this paper is to find out which factors best explain why SMEs delay their annual reports (DAR). Relying on various theoretical streams, we use three types of variables to explain DAR: past DAR behaviour of managers, corporate governance characteristics and occurrence of financial distress. The study is based on the whole population data from Estonia, with a total 59,294 unique firms. Two types of DAR, i.e., short- and long-term delays, are used as dependent variables in the logistic regression analysis. The paper indicates that both types of today’s DAR are best explained by the previous DAR behaviour of managers, especially in the nearest past. Financial distress has a lower, but still acceptable explanatory power, while it remains weak for the corporate governance characteristics. Firm size and age have an impact on the results. As the paper indicates the prominence of recurrent violation behaviour in explaining DAR, the legal framework and its implementation could be adjusted to take account of this fact. The linkage of DAR and financial distress suggests the inclusion of the former into credit scoring models.

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“…In the following paragraphs, we develop arguments based on ethical sensitivity and risk aversion to hypothesize that BGD enhances the corporate information environment by reducing information asymmetry, leading to reduction in analysts' forecast error. Cumming et al (2015), Gupta et al (2020) and Datta et al (2022) posit that the propensity to behave ethically and take risks can explain the gender differences in financial reporting quality and other corporate outcomes. They note that men and women speak in different moral voices and display cognitive differences in moral aptitudes, while women are more ethically sensitive compared to men.…”

Section: Theoretical Framework and Hypothesesmentioning

confidence: 99%

Women on board, strength of auditing and reporting standards and analysts' forecasts accuracy: international evidence

Ismail

Kamarudin

Ariff

et al. 2022

JAAR

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PurposeThis paper investigates whether board gender diversity and the strength of auditing and reporting standards are associated with analysts' forecast accuracy and whether the strength of auditing and reporting standards moderates the association between board gender diversity and analysts' forecast accuracy.Design/methodology/approachThe sample covers 24,086 firm-year observations from 37 countries from 2009 to 2018. The data were obtained from various sources: earnings forecast data from the Institutional Brokers' Estimate System (IBES) database; board gender diversity and financial data from Thomson Reuters Fundamentals; and country-level data from World Economic Forum database. The authors measure board gender diversity using four proxies namely, the proportion of women directors on the board, a dummy variable for board with at least one women director, BLAU measurement corresponds to the proportion of group females and males using the formula adopted from the Hirschman-Herfindahl index (Hirschman, 1964) and the proportion of the number of women executives over the total number of directors. The study also uses a series of specification tests using alternative measures for each variable and controlling the global financial crisis and endogeneity issue.FindingsFirms with higher board gender diversity have higher analysts' forecast accuracy. Compared to countries with weak auditing and reporting standards, the authors find firms in countries with strong auditing and reporting standards have more accurate forecasts. Further, the positive relationship between the board gender diversity and analysts' forecast accuracy is weaker for firms in countries with strong auditing and reporting standards, as compared to firms in countries with weak auditing and reporting standards.Research limitations/implicationsThis study found new evidence on the effect of women directorships on analyst forecasts and this relationship varies between levels of the strength of auditing and reporting standards, which was not addressed in prior studies.Practical implicationsThis study highlights the importance of strengthening the policy on getting more women on board and the continuous efforts to enhance the strength of auditing and reporting standards of a country as valuable strategies to enhance the quality of analyst forecasts.Originality/valueThis is the first study that employs the international dataset to examine the moderating effect of the strength of auditing and reporting standards on the relationship between board gender diversity and analysts' forecast accuracy.

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CFO Gender and Financial Statement Irregularities

Cited by 130 publications

References 124 publications

The Role of Women on Boards as A Mechanism to Improve Carbon Emission Disclosure and Firm Value

The Role of Women on Boards as A Mechanism to Improve Carbon Emission Disclosure and Firm Value

What Best Explains Reporting Delays? A SME Population Level Study of Different Factors

Women on board, strength of auditing and reporting standards and analysts' forecasts accuracy: international evidence

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