Abstract
This paper empirically examines whether the characteristics of female directors of audit committee affect the corporate transparency based on the data of China’s Shenzhen A-share listed companies from 2004 to 2007. The results from our sample show that, overall, the academic professional background of female directors has significantly positive impact on corporate transparency; the age of female directors has significantly negative impact on corporate transparency; the accounting expertise and education of female directors have no significant effects on corporate transparency. Further analysis also show that the significant impact relationship between the academic professional background or age of female directors and corporate transparency only in the lower legal level region. The result shows that the different characteristics of female directors pay different roles in affecting corporate transparency. This chapter provides some empirical evidences for perfecting the China’s audit committee system.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Similar content being viewed by others
References
Bedard J, Chtorou SM, Courteau L (2004) The effect of audit committee expertise, independence, and activity on aggressive earnings management. Auditing J Pract Theor 23(2):13–25
Bill BF, Hasan I et al (2009) Gender differences in financial reporting decision-making: Evidence from accounting conservatism. Available at SSRN
Burgess Z, Tharenou P (2002) Women board directors: characteristics of the few. J Bus Ethics 37:39–49
Bushman RJP, Smith A (2004) What determines corporate transparency. J Account Res 42:207–252
Dallas L (2002) The new managerialism and diversity on corporate boards of directors. Tulane Law Rev 76:1363–1405
Daniela B, Lukas M (2008) Will women bewomen? analyzing the gender difference among financial experts. KYKLOS 61(3):364–384
Eagly A, Carli L (2003) The female leadership advantage: an evaluation of the evidence. Leadersh Q 14:34–807
Fama FE, Jensen MC (1983) Separation of ownership and control. J Law Econ 26:301–326
Fan G, Wang XL, Zhu HP (2007) The report on the relative process of marketization of each region in China (2006). Economic Science Press, Beijing
Ge W, Dawn M, Zhang JL (2011) Do cfos have style? an empirical investigation of the effect of individual cfos on accounting practices. Contemp Account Res 28(4):1141–1179
Hillman A, Cannella A et al (2002) Women and racial minorities in the boardroom: how do directors differ? J Manage 28(6):747–7632
Jiang F, Yi X et al (2009) Background characteristics of the manager and excessive investment behavior of enterprises. Manage World China 1:30–39
Kaplan SN, David R (1990) Outside directorships and corporate performance. J Financ Econ 27(2):389–410
La Porta R, Shleifer A et al (1998) Law and finance. J Polit Econ 106:1113–1155
Maher P, Munro M (2000) Today’s board and the academic option. Ivey Bus J 64(6):8–11
Mattis MC (2000) Women corporate directors in the united states. In: Burke R, Mattis M (eds) Women on corporate boards of directors. Kluwer Academic, Netherlands, pp 43–56
Nenova T (2003) The value of corporate voting rights and control: a cross-country analysis. J Financ Econ 68:325–351
Nelson J (1996) Feminism. Objectivity and economics. Routledge, London
Roberts J, McNulty T, Stiles P (2005) Beyond agency conceptions of the work of the non-executive director: creating accountability in the boardroom. Brit J Manage 16:S5–S26
Schubert R (2006) Analyzing and managing risks—on the importance of gender difference in risk attitudes. Manag Financ 32:706–715
Sealy R, Singh V, Vinnicombe S (2007) The female FTSE report 2007. Cranfield
Sheridan A, Milgate G (2005) Accessing board positions: a comparison of female and male board members’ views. Corp Governance Int Rev 13(6):847–855
Singh V, Terjesen S, Vinnicombe S (2008) Newly appointed directors in the boardroom: how do women and men differ? Eur Manage J 26(1):48–58
Smith N, Smith V, Verner M (2005) Do women in top management affect firm performance? A panel study of 2 500 danish firms. IZA Discussion Paper No. 1:708
Tang XS, Ma C (2012) Background characteristics, resignation behavior of the independent directors and enterprise value. Account Econ Stud Chin 4:3–13
Trautman L (2012) The matrix: the board’s responsibility for director selection and recruitment. Fla State Univ Bus Rev 11(1):1–66
Waelchli U, Zeller J (2013) Old captains at the helm: chairman age and firm performance. J Banking Financ 37:1612–1628
Waring M (1988) If women counted: a new feminist economics. Harper and Row, San Francisco
Xiang R (2013) The characteristics of financial independent directors and the accounting conservatism. In: The 19th Chinese finance annual conference
Author information
Authors and Affiliations
Corresponding author
Editor information
Editors and Affiliations
Rights and permissions
Copyright information
© 2014 Springer-Verlag Berlin Heidelberg
About this paper
Cite this paper
Xiang, R., He, X., Cheng, Y. (2014). Female Director Characteristics of Audit Committee and Corporate Transparency. In: Xu, J., Cruz-Machado, V., Lev, B., Nickel, S. (eds) Proceedings of the Eighth International Conference on Management Science and Engineering Management. Advances in Intelligent Systems and Computing, vol 281. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-55122-2_90
Download citation
DOI: https://doi.org/10.1007/978-3-642-55122-2_90
Published:
Publisher Name: Springer, Berlin, Heidelberg
Print ISBN: 978-3-642-55121-5
Online ISBN: 978-3-642-55122-2
eBook Packages: EngineeringEngineering (R0)