Financial reporting quality effects of imposing (gender) quotas on boards of directors |
| |
| Institution: | 1. Universidad Carlos III de Madrid, Department of Business Administration, Calle Madrid, 126B, 28903 Getafe (Madrid), Spain;2. University of Bristol, School of Accounting and Finance, 15-19 Tyndalls Park Road, BS8 1PQ, Bristol, United Kingdom;1. Mendoza College of Business, University of Notre Dame, Notre Dame, IN 46556, United States;2. Ohio University College of Business, Ohio University, Athens, OH 45701, United States;1. Krannert School of Management, Purdue University, United States;2. Neeley School of Business, Texas Christian University, United States;3. Wilber O. and Ann Powers College of Business, Clemson University, United States;1. Southern Illinois University Carbondale, United States;2. DePaul University, United States;3. Louisiana Tech University, United States;1. Rotman School of Management, University of Toronto, Canada;2. Nankai Business School, Nankai University, China;3. School of Accounting, Dongbei University of Finance and Economics, China;1. School of Management, University of Bath, UK;2. Renmin Business School, Renmin University of China, China;3. School of Accounting and Finance, Hong Kong Polytechnic University, Hong Kong |
| |
| Abstract: | We analyze whether the passage of a Norwegian law requiring a minimum of a 40 percent of women on the boards of public firms affected financial reporting quality. Our results are consistent with a decrease in financial reporting quality for the firms that were most affected by the passage of the law, and with the effects being relatively short-lived. We also find evidence that board members characteristics, beyond gender, changed due to this law. These changes can partially explain our findings. Overall, our results show that mandating large changes to board composition over a relatively small period of time negatively affects financial reporting. |
| |
| Keywords: | Quotas Mandated changes on boards of directors Monitoring Financial reporting quality G34 G38 J15 J20 |
| 本文献已被 ScienceDirect 等数据库收录！ |
|
