Do Female CFOs Reduce Disclosure Violations in Listed Companies? Empirical evidence from China's capital market

Abstract

This paper selects the data of China's listed companies from 2007 to 2016 as the sample and uses the binary logit regression method to explore whether the gender of the CFO has an impact on the company's information disclosure violations. The results show that female CFOs significantly reduce the probability and number of information disclosure violations of listed companies, and the stronger their own ability, female CFOs have a significant incremental impact on restraining information disclosure violations of listed companies. The research conclusion provides a reference for enterprises to select and hire CFOs. JEL classification numbers: G34, M4. Keywords: CFO, Female executives, Violation of information disclosure.

The Role of Supervisory Board Heterogeneity on Corporate Irregularity: New Insights and Management Opportunities

“…Structural Characteristics are conducive to reducing violations, but their influence is very weak. Female Percentage has the factor loading 0.422, which verifies the conclusion of Lu [61] that female executives can inhibit corporate disclosure violations and are significantly and negatively related to the probability of corporate violations. Average Age is the largest and has a negative effect (−0.747), indicating that the lower the average age is, the more effective it is in reflecting the conceptual characteristics of Structural Characteristics, so the conclusion is drawn that the Average Age factor is negatively related to irregularities.…”

“…Gender Differences can have an impact on risk preferences, inefficient investments [59] and interpersonal relationships [60]. Lu [61] also demonstrates that female executives are significantly and negatively associated with the probability of corporate irregularities because women are more risk-averse and more reputation-valued. To a certain extent, the Party Membership Ratio reflects the effectiveness of the party organization's participation in corporate governance, and moderate "two-way entry", which is conducive to enhancing and improving corporate governance [62].…”

The Impact of Digital Infrastructure on Corporate Carbon Emissions: Evidence from the “Broadband China” Pilot

“…Chinese corporate carbon emission data primarily come from voluntary disclosures by enterprises. Following the approach of Wang et al [34], data is collected from social responsibility reports, annual reports, sustainable development reports, and environmental reports of listed companies for the years 2006-2021.…”