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篇名
An exploratory study of female directors’ constraint on real earnings management
並列篇名
女性董事抑制實質盈餘管理之探討
作者 Ling-Ling ChangYue-Duan GuanDaniel F. Hsiao
英文摘要 This paper aims to examine whether female directors affect firms’ earnings management activities. In recent years, gender diversity has emerged as a prominent topic of discussion in corporate governance. Most prior research into female directors’ relationships with regard to earnings management has primarily focused on accrual-based earnings management (AEM). It has been reported that post-SOX firms switched from accruals-based to real earnings management (REM) methods. Our study uses both earnings management proxies: the absolute value of discretionary accruals in AEM, and various proxies of REM. Empirical results from our Taiwanese sample indicate that firms with female directors have significantly less real earnings management, and the association is particularly driven by lower levels of reduction in discretionary expenditure, which remained unchanged even during the financial crisis of 2008-2010. However, we find a marginal mitigating effect on AEM only when the firm has a greater proportion of female directors. This study not only expands the literature on earnings management practice in emerging markets, but also provides policy implications for board gender diversity.
起訖頁 31-85
關鍵詞 Board gender diversityaccrual-based earnings managementreal earnings management
刊名 陽明交大管理學報
出版單位 陽明交通大學管理學院(原:交通大學管理學院)
期數 201712 (37:2期)
DOI 10.3966/102873102017123702002  複製DOI  DOI申請
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