Does executive gender diversity supply accounting conservatism in traditional societies? Evidence from CEO-CFO combinations in China

Xiping Li, John W. Goodell, Jing Liao, Shouyu Yao and Xutang Liu

Finance Research Letters, 2022, vol. 48, issue C

Abstract: We evidence the reinforcement of traditional gender roles is a negative determinant of the presence of female CFOs. Firms that nevertheless have executive gender diversity, with male CEO-female CFO combinations, exhibit higher accounting conservatism, with this conservatism more pronounced in more traditional external environments. Female CFOs, supply accounting conservatism in greater amounts when 1) CEOs are male, and 2) the firm operates in a more traditional external environment. In especially traditional environments, female CFOs supply a counterbalance to excessive male risk taking. We contribute to understanding the impacts of executive gender diversity and the external conditions that mediate these outcomes.

Keywords: Gender roles; Confucianism; Executive gender diversity; Accounting conservatism; Firm external environments (search for similar items in EconPapers)
JEL-codes: G30 M14 (search for similar items in EconPapers)
Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:48:y:2022:i:c:s1544612322002069

DOI: 10.1016/j.frl.2022.102946

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