CFO Gender, Corporate Risk-Taking, and Information Disclosure Violations.

ABSTRACT: The sex ratio at birth in China exhibits a major occurrence of "missing women" due to the high son preference in Chinese culture. Clearly, the large gender discrepancy in China can be explained not only by ethical, moral, or social fairness theories but also by the economic benefits of women's particular abilities, experiences, and talents. This article examines the influence of female chief financial officers (CFOs) on information disclosure violations in order to highlight women's positive contributions. Our data imply that having a female CFO can dramatically lower the number of companies that fail to disclose information. The results are strong after controlling endogeneity with propensity score matching, Heckman's two-stage self-selection model, and CFO change, as well as controlling

SUBMITTER: Zhao Y 

PROVIDER: S-EPMC9326254 | biostudies-literature | 2022

REPOSITORIES: biostudies-literature