The impact of CFO gender on corporate fraud: Evidence from China

Jin-hui Luo, Chenchen Peng and Xin Zhang

Pacific-Basin Finance Journal, 2020, vol. 63, issue C

Abstract: This study investigates the impact of CFO gender on financial-reporting-related corporate fraud. Building on findings in psychology and sociology that women are more risk-averse and ethical than men, we hypothesize that firms with female CFOs are less likely to commit risky and unethical fraud than otherwise similar firms with male CFOs. Our findings, based on a sample of Chinese listed firms from 2004 to 2014, provide support for our prediction. Further, we find that the negative association is more pronounced when female CFOs have higher levels of education and/or external job opportunities. These findings hold true in a battery of robustness checks.

Keywords: CFO gender; China; Corporate fraud; Ethical behavior; Risk aversion (search for similar items in EconPapers)
Date: 2020
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Citations: View citations in EconPapers (14)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:pacfin:v:63:y:2020:i:c:s0927538x20301189

DOI: 10.1016/j.pacfin.2020.101404

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