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

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  • Huizheng Liu
  • Jiaqi Zhou

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. Â JEL classification numbers: G34, M4.

Suggested Citation

  • Huizheng Liu & Jiaqi Zhou, 2022. "Do Female CFOs Reduce Disclosure Violations in Listed Companies? Empirical evidence from China's capital market," Advances in Management and Applied Economics, SCIENPRESS Ltd, vol. 12(3), pages 1-6.
    • Handle: RePEc:spt:admaec:v:12:y:2022:i:3:f:12_3_6
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    References listed on IDEAS

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    1. Balsam, Steven & Puthenpurackal, John & Upadhyay, Arun, 2021. "Corporate opacity and effectiveness of independent female directors," Journal of Corporate Finance, Elsevier, vol. 69(C).
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    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    CFO; Female executives; Violation of information disclosure.;
    All these keywords.

    JEL classification:

    • G34 - Financial Economics - - Corporate Finance and Governance - - - Mergers; Acquisitions; Restructuring; Corporate Governance
    • M4 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting

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