Gender differences in financial reporting decision-making: Evidence from accounting conservatism

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dc.contributor Bank of Finland Francis, Bill Hasan, Iftekhar Wu, Qiang Park, Jong Chool 2014-09-22T07:58:13Z 2014-09-22T07:58:13Z 2014
dc.identifier.isbn 978-952-6699-63-9
dc.identifier.issn 1456-6184
dc.description.abstract This paper investigates the effect of CFO gender on corporate financial reporting decision-making. Focusing on firms that experience changes of CFO from male to female, the paper compares the firms' degree of accounting conservatism between pre- and post-transition periods. We find that female CFOs are more conservative in their financial reporting. In addition, we find that the relation between CFO gender and conservatism varies with the levels of various firm risks such as litigation risk, default risk, systematic risk, and CFO specific risk such as job security risk. We further find that risk-aversion of female CFOs is associated with less equity-based compensation, lower firm risk, higher tangibility level, and lower dividend payout level. Overall, the study provides strong support for the notion that female CFOs are more risk averse than male CFOs, which leads female CFOs to adopt more conservative financial reporting policies. Keywords: Accounting Conservatism; Gender; CFO; Risk-Aversion. JEL Classification: M41; J16
dc.format.extent 58 s.
dc.language.iso eng
dc.relation.ispartofseries Bank of Finland Research Discussion Papers
dc.subject riskit
dc.subject kirjanpito
dc.subject yritykset
dc.subject johtajat
dc.subject rahoitus
dc.subject päätöksenteko
dc.subject naiset
dc.subject SP
dc.subject RP
dc.subject sukupuolet
dc.subject konservatismi
dc.title Gender differences in financial reporting decision-making: Evidence from accounting conservatism
dc.type Sarjajulkaisu
dc.identifier.urn URN:NBN:fi:bof-20140807332
dc.subject.jel M41
dc.subject.jel J16 Bank of Finland Research Discussion Papers
dc.series.year 2014
dc.series.number 1/2014
dc.series.sortingnumber 0001 10.1.2014
dc.identifier.doi 10.1111/1911-3846.12098
dc.description.publication Published in Contemporary Accounting Research, Volume 32, Issue 3, September 2015: 1285–1318

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