Female board members, financial constraints, and internal control quality: New insights following COSO's 2013 framework

Ahmad Ebaya, Xuezhi Qin and Mohamed Elsayed

Economics Letters, 2024, vol. 234, issue C

Abstract: This paper utilizes unique data on internal control (IC) from China to investigate whether and how female representation on corporate boards affects IC quality in the post-COSO 2013 era. We find that female board members enhance the quality of the IC system, especially the information & communication and monitoring components. We also find that reducing financial constraints serves as a mechanism through which this beneficial effect operates. These findings are novel and are expected to have profound practical and policy implications.

Keywords: COSO; Female; Board; Financial constraints; Internal control (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:234:y:2024:i:c:s016517652300472x

DOI: 10.1016/j.econlet.2023.111446

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