Women on the Board: Do They Manage Earnings? Empirical Evidence from European Listed Firms
Purpose – To analyse the impact of women on boards of directors and the gender of CEOs and CFOs on the earnings management and, thus, on the quality of the financial information of European listed firms. Design/methodology/approach – Archival research based on data collected from Bloomberg, complem...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
Fundação Escola de Comércio Álvares Penteado
2019-07-01
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| Series: | Revista Brasileira de Gestão De Negócios |
| Subjects: | |
| Online Access: | https://rbgn.fecap.br/RBGN/article/view/4010/pdf_1 |
| _version_ | 1818657842849120256 |
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| author | Tiago Gonçalves Cristina Gaio Tatiana Santos |
| author_facet | Tiago Gonçalves Cristina Gaio Tatiana Santos |
| author_sort | Tiago Gonçalves |
| collection | DOAJ |
| description | Purpose – To analyse the impact of women on boards of directors and the gender of CEOs and CFOs on the earnings management and, thus, on the quality of the 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, covering 2007-2013.
Findings – The main results show that only CFO gender has an impact on both the 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 used to decrease reported earnings.
Originality/value – We contribute to the still scarce literature on the impact of gender on earnings management and financial reporting quality, namely by providing international evidence, since the extant
literature focuses on the USA. |
| first_indexed | 2024-12-17T03:47:55Z |
| format | Article |
| id | doaj.art-c52ae0f779fa4ef48ad763266e814a79 |
| institution | Directory Open Access Journal |
| issn | 1806-4892 1983-0807 |
| language | English |
| last_indexed | 2024-12-17T03:47:55Z |
| publishDate | 2019-07-01 |
| publisher | Fundação Escola de Comércio Álvares Penteado |
| record_format | Article |
| series | Revista Brasileira de Gestão De Negócios |
| spelling | doaj.art-c52ae0f779fa4ef48ad763266e814a792022-12-21T22:04:51ZengFundação Escola de Comércio Álvares PenteadoRevista Brasileira de Gestão De Negócios1806-48921983-08072019-07-0121358259710.7819/rbgn.v21i3.4010Women on the Board: Do They Manage Earnings? Empirical Evidence from European Listed FirmsTiago Gonçalves0Cristina Gaio1Tatiana Santos2Universidade de LisboaUniversidade de LisboaUniversidade de LisboaPurpose – To analyse the impact of women on boards of directors and the gender of CEOs and CFOs on the earnings management and, thus, on the quality of the 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, covering 2007-2013. Findings – The main results show that only CFO gender has an impact on both the 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 used to decrease reported earnings. Originality/value – We contribute to the still scarce literature on the impact of gender on earnings management and financial reporting quality, namely by providing international evidence, since the extant literature focuses on the USA.https://rbgn.fecap.br/RBGN/article/view/4010/pdf_1earnings managementgenderlisted firmscorporate governance |
| spellingShingle | Tiago Gonçalves Cristina Gaio Tatiana Santos Women on the Board: Do They Manage Earnings? Empirical Evidence from European Listed Firms Revista Brasileira de Gestão De Negócios earnings management gender listed firms corporate governance |
| title | Women on the Board: Do They Manage Earnings? Empirical Evidence from European Listed Firms |
| title_full | Women on the Board: Do They Manage Earnings? Empirical Evidence from European Listed Firms |
| title_fullStr | Women on the Board: Do They Manage Earnings? Empirical Evidence from European Listed Firms |
| title_full_unstemmed | Women on the Board: Do They Manage Earnings? Empirical Evidence from European Listed Firms |
| title_short | Women on the Board: Do They Manage Earnings? Empirical Evidence from European Listed Firms |
| title_sort | women on the board do they manage earnings empirical evidence from european listed firms |
| topic | earnings management gender listed firms corporate governance |
| url | https://rbgn.fecap.br/RBGN/article/view/4010/pdf_1 |
| work_keys_str_mv | AT tiagogoncalves womenontheboarddotheymanageearningsempiricalevidencefromeuropeanlistedfirms AT cristinagaio womenontheboarddotheymanageearningsempiricalevidencefromeuropeanlistedfirms AT tatianasantos womenontheboarddotheymanageearningsempiricalevidencefromeuropeanlistedfirms |