Women on Board: Do They Manage Earnings? Empirical Evidence from European Listed Firms

Detalhes bibliográficos
Autor(a) principal: Gonçalves, Tiago
Data de Publicação: 2019
Outros Autores: Gaio, Cristina, Santos, Tatiana
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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spelling 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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