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Female executives, industrial robots, and stock price crash risk

Author

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  • Kong, Gaowen
  • Huang, Jiating
  • Kong, Dongmin
  • Zhu, Ling

Abstract

We examine the effect of female executives on industrial robot adoption and its impact on stock crash risk. Based on the data of listed manufacturing companies in China, we find that: 1) female executives promote the application of industrial robots; 2) the introduction of industrial robots by female executives contributes to the reduction of stock price crash risk; 3) the effect of the introduction of industrial robots by female executives on the reduction of crash risk is more pronounced in regions with strict environmental regulation, more safety accidents, and firms with rapid information diffusion.

Suggested Citation

  • Kong, Gaowen & Huang, Jiating & Kong, Dongmin & Zhu, Ling, 2023. "Female executives, industrial robots, and stock price crash risk," Finance Research Letters, Elsevier, vol. 57(C).
    • Handle: RePEc:eee:finlet:v:57:y:2023:i:c:s1544612323006256
    DOI: 10.1016/j.frl.2023.104253
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