Women on Board: Do They Manage Earnings? Empirical Evidence from European Listed Firms
Purpose – Analyze the impact of women on the Administration Boards and the gender of CEO and CFO on Earnings Management and, thus, on the quality of Financial Information of European Listed Firms. Design/methodology/approach – Archival Research based on data collected from Bloomberg, complemented by...
| Autores: | , , |
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| Tipo de recurso: | artículo |
| Estado: | Versión publicada |
| Fecha de publicación: | 2019 |
| País: | Brasil |
| Institución: | Fundação Escola de Comércio Álvares Penteado (FECAP) |
| Repositorio: | Revista Brasileira de Gestão de Negócios (Online) |
| Idioma: | inglés portugués |
| OAI Identifier: | oai:ojs.emnuvens.com.br:article/4010 |
| Acceso en línea: | https://rbgn.fecap.br/RBGN/article/view/4010 |
| Access Level: | acceso abierto |
| Palabra clave: | Earnings Management Gender Listed firms Corporate Governance Gestão de Resultados Gênero Empresas Cotadas |
| Sumario: | Purpose – Analyze the impact of women on the Administration Boards and the gender of CEO and CFO on Earnings Management and, thus, on the quality of Financial Information of European Listed Firms. Design/methodology/approach – Archival Research based on data collected from Bloomberg, complemented by information hand collected from financial reports, for a sample of European listed firms, from 2007-2013. Findings – Main results show that only CFO gender has an impact on both intensity and direction of earnings management. Firms with a woman CFO presented less earnings management than those with a male CFO. We also find evidence that women manage earnings downwards, such that discretionary accruals are meant to decrease reported earnings. Originality/value – We contribute to the still scarce literature about the impact of gender on earnings management and financial reporting quality, namely by providing international evidence, since extant literature focus on USA. |
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