Advances in Management and Applied Economics

Do Female CFOs Reduce Disclosure Violations in Listed Companies? Empirical evidence from China's capital market

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• Abstract

   

  This paper selects the data of China's listed companies from 2007 to 2016 as the sample and uses the binary logit regression method to explore whether the gender of the CFO has an impact on the company's information disclosure violations. The results show that female CFOs significantly reduce the probability and number of information disclosure violations of listed companies, and the stronger their own ability, female CFOs have a significant incremental impact on restraining information disclosure violations of listed companies. The research conclusion provides a reference for enterprises to select and hire CFOs.

   

  JEL classification numbers: G34, M4.

  Keywords: CFO, Female executives, Violation of information disclosure.