Women on Board: Do They Manage Earnings? Empirical Evidence from European Listed Firms
Autor(a) principal: | |
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Data de Publicação: | 2019 |
Outros Autores: | , |
Tipo de documento: | Artigo |
Idioma: | eng por |
Título da fonte: | Revista Brasileira de Gestão de Negócios (Online) |
Texto Completo: | https://rbgn.fecap.br/RBGN/article/view/4010 |
Resumo: | Purpose – Analyze the impact of women on the Administration Boards and the gender of CEO and CFO on Earnings Management and, thus, on the quality of Financial Information of European Listed Firms. Design/methodology/approach – Archival Research based on data collected from Bloomberg, complemented by information hand collected from financial reports, for a sample of European listed firms, from 2007-2013. Findings – Main results show that only CFO gender has an impact on both intensity and direction of earnings management. Firms with a woman CFO presented less earnings management than those with a male CFO. We also find evidence that women manage earnings downwards, such that discretionary accruals are meant to decrease reported earnings. Originality/value – We contribute to the still scarce literature about the impact of gender on earnings management and financial reporting quality, namely by providing international evidence, since extant literature focus on USA. |
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Revista Brasileira de Gestão de Negócios (Online) |
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Women on Board: Do They Manage Earnings? Empirical Evidence from European Listed FirmsMulheres no Board: Elas Gerem Resultados? Evidência Empírica das Empresas Cotadas EuropeiasEarnings ManagementGenderListed firmsCorporate GovernanceGestão de ResultadosGêneroEmpresas CotadasCorporate GovernancePurpose – Analyze the impact of women on the Administration Boards and the gender of CEO and CFO on Earnings Management and, thus, on the quality of Financial Information of European Listed Firms. Design/methodology/approach – Archival Research based on data collected from Bloomberg, complemented by information hand collected from financial reports, for a sample of European listed firms, from 2007-2013. Findings – Main results show that only CFO gender has an impact on both intensity and direction of earnings management. Firms with a woman CFO presented less earnings management than those with a male CFO. We also find evidence that women manage earnings downwards, such that discretionary accruals are meant to decrease reported earnings. Originality/value – We contribute to the still scarce literature about the impact of gender on earnings management and financial reporting quality, namely by providing international evidence, since extant literature focus on USA.Objetivo – Analisar em que medida a presença de mulheres no conselho de administração e o género do CEO e do CFO afetam a gestão de resultados e, consequentemente, a qualidade da informação financeira das empresas cotadas europeias. Metodologia – Abordagem quantitativa, com informação retirada da base de dados Bloomberg, complementada com a recolha manual de dados dos relatórios financeiros, numa amostra de empresas cotadas de 17 paises europeus, para o periodo de 2007-2013. Resultados – Os principais resultados do estudo sugerem que apenas o género do CFO tem impacto na magnitude e direção da gestão de resultados. Empresas com CFO de género feminino fazem menos gestão de resultados do que as empresas com CFO de género masculino. Também existe evidencia de que os as mulheres fazem gestão de resultados no sentido descendente, ou seja, usam os accruals discricionários para gerirem os resultados para baixo. Contribuições – Contribuir para a ainda escassa literatura sobre o impacto da diversidade do género na gestão de resultados e na qualidade do relato financeiro, apostando numa abordagem internacional, dado que a maioria dos estudos analisa a realidade de um único país, concretamente a dos EUA. FECAP2019-07-11info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionAvaliado por paresapplication/pdfapplication/pdfhttps://rbgn.fecap.br/RBGN/article/view/401010.7819/rbgn.v21i3.4010Review of Business Management; Vol. 21 No. 3 (2019); 582-597RBGN Revista Brasileira de Gestão de Negócios; Vol. 21 Núm. 3 (2019); 582-597RBGN - Revista Brasileira de Gestão de Negócios; v. 21 n. 3 (2019); 582-5971983-08071806-4892reponame:Revista Brasileira de Gestão de Negócios (Online)instname:Fundação Escola de Comércio Álvares Penteado (FECAP)instacron:FECAPengporhttps://rbgn.fecap.br/RBGN/article/view/4010/pdf_1https://rbgn.fecap.br/RBGN/article/view/4010/pdfCopyright (c) 2019 Review of Business Managementinfo:eu-repo/semantics/openAccessGonçalves, TiagoGaio, CristinaSantos, Tatiana2021-07-21T15:58:24Zoai:ojs.emnuvens.com.br:article/4010Revistahttp://rbgn.fecap.br/RBGN/indexhttps://rbgn.fecap.br/RBGN/oai||jmauricio@fecap.br1983-08071806-4892opendoar:2021-07-21T15:58:24Revista Brasileira de Gestão de Negócios (Online) - Fundação Escola de Comércio Álvares Penteado (FECAP)false |
dc.title.none.fl_str_mv |
Women on Board: Do They Manage Earnings? Empirical Evidence from European Listed Firms Mulheres no Board: Elas Gerem Resultados? Evidência Empírica das Empresas Cotadas Europeias |
title |
Women on Board: Do They Manage Earnings? Empirical Evidence from European Listed Firms |
spellingShingle |
Women on Board: Do They Manage Earnings? Empirical Evidence from European Listed Firms Gonçalves, Tiago Earnings Management Gender Listed firms Corporate Governance Gestão de Resultados Gênero Empresas Cotadas Corporate Governance |
title_short |
Women on Board: Do They Manage Earnings? Empirical Evidence from European Listed Firms |
title_full |
Women on Board: Do They Manage Earnings? Empirical Evidence from European Listed Firms |
title_fullStr |
Women on Board: Do They Manage Earnings? Empirical Evidence from European Listed Firms |
title_full_unstemmed |
Women on Board: Do They Manage Earnings? Empirical Evidence from European Listed Firms |
title_sort |
Women on Board: Do They Manage Earnings? Empirical Evidence from European Listed Firms |
author |
Gonçalves, Tiago |
author_facet |
Gonçalves, Tiago Gaio, Cristina Santos, Tatiana |
author_role |
author |
author2 |
Gaio, Cristina Santos, Tatiana |
author2_role |
author author |
dc.contributor.author.fl_str_mv |
Gonçalves, Tiago Gaio, Cristina Santos, Tatiana |
dc.subject.por.fl_str_mv |
Earnings Management Gender Listed firms Corporate Governance Gestão de Resultados Gênero Empresas Cotadas Corporate Governance |
topic |
Earnings Management Gender Listed firms Corporate Governance Gestão de Resultados Gênero Empresas Cotadas Corporate Governance |
description |
Purpose – Analyze the impact of women on the Administration Boards and the gender of CEO and CFO on Earnings Management and, thus, on the quality of Financial Information of European Listed Firms. Design/methodology/approach – Archival Research based on data collected from Bloomberg, complemented by information hand collected from financial reports, for a sample of European listed firms, from 2007-2013. Findings – Main results show that only CFO gender has an impact on both intensity and direction of earnings management. Firms with a woman CFO presented less earnings management than those with a male CFO. We also find evidence that women manage earnings downwards, such that discretionary accruals are meant to decrease reported earnings. Originality/value – We contribute to the still scarce literature about the impact of gender on earnings management and financial reporting quality, namely by providing international evidence, since extant literature focus on USA. |
publishDate |
2019 |
dc.date.none.fl_str_mv |
2019-07-11 |
dc.type.driver.fl_str_mv |
info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion Avaliado por pares |
format |
article |
status_str |
publishedVersion |
dc.identifier.uri.fl_str_mv |
https://rbgn.fecap.br/RBGN/article/view/4010 10.7819/rbgn.v21i3.4010 |
url |
https://rbgn.fecap.br/RBGN/article/view/4010 |
identifier_str_mv |
10.7819/rbgn.v21i3.4010 |
dc.language.iso.fl_str_mv |
eng por |
language |
eng por |
dc.relation.none.fl_str_mv |
https://rbgn.fecap.br/RBGN/article/view/4010/pdf_1 https://rbgn.fecap.br/RBGN/article/view/4010/pdf |
dc.rights.driver.fl_str_mv |
Copyright (c) 2019 Review of Business Management info:eu-repo/semantics/openAccess |
rights_invalid_str_mv |
Copyright (c) 2019 Review of Business Management |
eu_rights_str_mv |
openAccess |
dc.format.none.fl_str_mv |
application/pdf application/pdf |
dc.publisher.none.fl_str_mv |
FECAP |
publisher.none.fl_str_mv |
FECAP |
dc.source.none.fl_str_mv |
Review of Business Management; Vol. 21 No. 3 (2019); 582-597 RBGN Revista Brasileira de Gestão de Negócios; Vol. 21 Núm. 3 (2019); 582-597 RBGN - Revista Brasileira de Gestão de Negócios; v. 21 n. 3 (2019); 582-597 1983-0807 1806-4892 reponame:Revista Brasileira de Gestão de Negócios (Online) instname:Fundação Escola de Comércio Álvares Penteado (FECAP) instacron:FECAP |
instname_str |
Fundação Escola de Comércio Álvares Penteado (FECAP) |
instacron_str |
FECAP |
institution |
FECAP |
reponame_str |
Revista Brasileira de Gestão de Negócios (Online) |
collection |
Revista Brasileira de Gestão de Negócios (Online) |
repository.name.fl_str_mv |
Revista Brasileira de Gestão de Negócios (Online) - Fundação Escola de Comércio Álvares Penteado (FECAP) |
repository.mail.fl_str_mv |
||jmauricio@fecap.br |
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