Gender differences and managerial earnings forecast bias: Are female executives less overconfident than male executives?

Ravi Lonkani

Emerging Markets Review, 2019, vol. 38, issue C, 18-34

Abstract: This study examines whether firms with female executives forecast company earnings more conservatively. Consistent with the selectivity hypothesis, the results reveal firms with female CEOs tend to make conservative earnings forecasts in a perceived positive situation and firms with a higher percentage of female directors on the board are more likely to forecast earnings conservatively in a perceived negative situation. The conservativeness of female executives is not caused by lower management ability. This conservative behavior is not caused by personal factors such as military status, level of education, or area of study.

Keywords: Gender differences; Managerial earnings forecast; Selectivity hypothesis; Firm performance; Conservative behavior (search for similar items in EconPapers)
JEL-codes: G14 G20 G30 G41 (search for similar items in EconPapers)
Date: 2019
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (8)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ememar:v:38:y:2019:i:c:p:18-34

DOI: 10.1016/j.ememar.2018.11.012

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