Roles of female executives in corporate governance practices : evidence from China / Zhang Changzheng, author.

Format:

Book

Author/Creator:

Zhang, Changzheng, author.

Series:

Management Science - Theory and Applications Series

Language:

English

Subjects (All):

Women executives--China.

Women executives.

Corporate governance--China.

Corporate governance.

Physical Description:

1 online resource (416 pages)

Edition:

1st ed.

Place of Publication:

New York : Nova Science Publishers, Inc., [2023]

Summary:

"In order to fill up the significant inadequacy of literature on the role of female executives' within Chinese enterprises, the book, for the first time, systematically investigates both the negative and positive consequences of female executives' participation in corporate governance under the background of China, with the theoretical purpose of identifying the roles of female executives in corporate governance practices, and the practical purpose of making full use of the positive effects of female executives' participation, while minimizing the potential negative consequences of female executives' participation. Specifically, the book respectively reveals the direct effects of female executives on financial performance, social responsibility performance, accounting conservatism, cash holdings and competitive strategy, and explores the indirect moderation effects of female executives on CEO power and staff turnover"-- Provided by publisher.

Contents:

Intro

Contents

Preface

Acknowledgements

Chapter 1

Do Female Executives Play the Same Role in Determining Firm Performance across Industries and Regions? Evidence from China

Abstract

1.1. Introduction

1.2. Literature and Hypotheses

1.2.1. Female Executives' Performance Consequences across Regions in China

1.2.2. Female Executives' Performance Consequences across Industries

1.3. Methodology

1.3.1. Research Sample

1.3.2. Variables

1.3.2.1. The Explained Variables

1.3.2.2. The Explanatory Variable

1.3.2.3. The Control Variables

1.3.3. Models

1.4. Empirical Results

1.4.1. The Descriptive Statistics and Correlation Analysis of the Variables

1.4.2. The Analysis on the Relationship between Female Executives and Firm Performance: The Whole Sample

1.4.3. The Comparative Analysis of the Relationship between Female Executives and Firm Performance across Regions

1.4.4. The Comparative Analysis of Female Executives' Performance Consequences across Industries

1.4.5. Further Exploration

Conclusions and Implications

Research Conclusions

Implications

Limitations and Research Prospects

Chapter 2

Female Executives and Corporate Social Responsibility Performance: The Moderating Role of Firm Size

2.1. Introduction

2.2. Literature Review and Hypotheses

2.2.1. The Relationship between Females' Participation in the Top Leadership Positions and CSR across the World

2.2.2. The Moderating Role of Firm Size in the Link between Female Participation in the Top Leadership Positions and CSR

2.2.2.1. The Effects of Female Participation in the TMTs on CSR in the Small-Scale Firms

2.2.2.2. The Effects of Female Participation in the TMTs on CSR in the Large-Scale Firms

2.3. Methodology

2.3.1. Variables

2.3.1.1. The Independent Variable.

2.3.1.1.1. Female Executives' Presentation

2.3.1.2. The Dependent Variable

2.3.1.2.1. CSR Performance

2.3.1.3. The Moderating Variable

2.3.1.3.1. Firm Size

2.3.1.4. The Control Variables

2.3.2. Sample and Data

2.3.3. Description and Correlations of the Research Variables

2.3.4. Empirical Models

2.4. Empirical Results

2.4.1. Main Results

2.4.2. Robustness and Endogeneity Tests

2.4.2.1. The Robustness Test on the Measure of Female Executives' Representation in the TMTs

2.4.2.2. The Robustness Test on the Measure of Firm Size

2.4.2.3. The Robustness Test on the Measure of CSR Performance

2.4.2.4. The Robustness Test on the Empirical Analysis Method

2.4.2.5. The Endogeneity Test

2.4.3. Further Exploration

2.4.3.1. The Moderating Role of Knowledge Intensity (KI)

2.4.3.2. The Moderating Role of CEO Duality

2.4.3.3. The Moderating Role of Independent Directors

2.4.3.4. The Moderating Role of the Shareholding Ratio of the First Largest Shareholder (SRLS)

2.4.3.5. The Moderating Role of Female Directors

2.4.3.6. The Moderating Role of Female Supervisors

2.4.3.7. The Moderating Role of Top Executives' Cash Compensation

2.4.3.8. The Moderating Role of Asset Liability Ratio (ALR)

2.4.3.9. The Moderating Role of Corporate Profitability

2.4.4. Discussion

Conclusion

Theoretical Implications

Practical Implications

Limitations and Future Research Suggestions

Chapter 3

Can the Life Cycle Affect the Linkage between Female Executives and Accounting Conservatism?

3.1. Introduction

3.2. Literature Review and Hypotheses

3.2.1 Antecedents of Accounting Conservatism

3.2.2. Female Executives and Accounting Conservatism

3.2.2.1. Previous Literature on the Effects of Female Executives on Accounting Conservatism.

3.2.2.2. Theoretical Analysis on the Linkage between Female Executives on Accounting Conservatism

3.2.3. The Moderating Effect of the Enterprise Life Cycle on the Relationship between Female Executives and Accounting Conservatism

3.2.4. Female Executives in Key Positions and Accounting Conservatism

3.3. Methodology

3.3.1 Sample and Data

3.3.2. Measurement

3.3.2.1. The Explained Variable: Accounting Conservatism

3.3.2.2. The Explanatory Variables: Female Executives' Participation

3.3.2.3. The Moderating Variable: The Enterprise Life Cycle

3.3.2.4. The Control Variables

3.3.3. Empirical Models

3.4. Results

3.4.1. Descriptive Statistics of the Research Variables Except for Accounting Conservatism

3.4.2. Empirical Estimation Results of Accounting Conservatism and Its Descriptive Statistics

3.4.3. Correlation Analysis among the Research Variables

3.4.4. Empirical Tests on the Relationship between Female Executives and Accounting Conservatism

3.4.5. Empirical Test on the Moderating Role of the Life Cycle on the Relationship between Female Executives and Accounting Conservatism

3.4.5.1. The Moderating Role of the Growth Period

3.4.5.2. The Moderating Role of the Mature Period

3.4.5.3. The Moderating Role of the Recession Period

3.4.6. Empirical Tests on the Relationship between Females in the Key Senior Leadership Positions and Accounting Conservatism

3.4.7. Robustness Tests

3.4.7.1. Alternative Measure of Accounting Conservatism

3.4.7.2. The Robustness Test on the Relationship between Female Executives and Accounting Conservatism Measured by an Alternative Method

3.4.7.3. The Robustness Test on the Life Cycle's Moderating Effect Role in the Relationship between Female Executives and Accounting Conservatism.

3.4.7.4. The Robustness Test on the Linkages between Female Executives in Key Positions and Accounting Conservatism

3.4.7.5. The Robustness Test Considering the Time Lag Effect

3.4.7.6. The Other Robustness Tests

3.4.8. Endogeneity Test

3.4.9. Further Exploration

Theoretical Findings

Limitations and Future Direction

Suggestions for the Government

Suggestions for the Companies

Suggestions for the Female Executives

Chapter 4

Female Executives, the Life Cycle and Cash Holdings

4.1. Introduction

4.2. Concepts Definitions and Theoretical Backgrounds

4.2.1. The Definitions of Key Concepts

4.2.1.1. Female Executives

4.2.1.2. Cash Holdings

4.2.1.3. The Enterprise Life Cycle

4.2.2. Theoretical Backgrounds

4.2.2.1. The Motivation Theories of Cash Holdings

4.2.2.2. The Enterprise Life Cycle Theory

4.3. Theoretical Analysis and Research Hypotheses

4.3.1. Hypotheses on the Effect of Female Executives on Cash Holdings

4.3.2. Hypotheses on the Moderating Role of the Life Cycle in Affecting the Links between Female Executives and Cash Holdings

4.3.2.1. The Relationship between Female Executives and Cash Holdings in the Growing Stage

4.3.2.2. The Relationship between Female Executives and Cash Holdings in the Maturity Stage

4.3.2.3. The Relationship between Female Executives and Cash Holdings in the Decline Stage

4.4. Methodology

4.4.1. Sample and Data

4.4.2. Variables

4.4.2.1. Female Executives

4.4.2.2. Cash Holdings

4.4.2.3. The Life Cycle

4.4.2.4. The Control Variables

4.4.3. Models

4.4.4. Descriptive Statistics

4.4.5. Correlation Analysis

4.4.6. Multicollinearity Analysis

4.5. Results

4.5.1. Empirical Results on the Effect of Female Executives on Cash Holdings

4.5.1.1. The Test Results of H4-1a.

4.5.1.2. The Test Results of H4-1b

4.5.1.3. The Regression Results of the Control Variables

4.5.2. Empirical Results on the Link between Female Executives and Cash Holdings in Distinct Life Cycle Stages

4.5.2.1. The Test Results of H4-2a, H4-3a and H4-4a

4.5.2.2. The Test Results of H4-2b, H4-3b and H4-4b

4.5.3. Robustness Tests

4.5.3.1. The Robustness Test Based on the Change of Cash Holdings' Measure

4.5.3.2. The Robustness Test Based on the Change of Female Executives' Measure

4.5.3.3. The Robustness Test Based on the Time-Lagged Effect

4.5.3.4. The Robustness Test by Changing Data Processing Software

4.5.3.5. The Robustness Test Based on the Change of the Judgement Criteria of the Life Cycle

4.5.4. Further Explorations

4.5.4.1. The Trend of the Link between Female Executives and Cash Holdings during 2009-2017

4.5.4.2. The Regional Differences in the Link between Female Executives and Cash Holdings

4.5.4.3. The Effects of Female Directors, Female CEOs and Female CFOs on Cash Holdings

4.5.4.4. The Contextual Nature of the Link between Female Executives and Cash Holdings

4.5.4.5. The Effect of Female Executives on Cash Holdings' Performance Consequences

Research Findings

The Implications for Companies

The Implications for Female Executives

Limitations and Future Research Prospects

Chapter 5

Female Executives, Competitive Strategy and Firm Performance: The Case of Chinese Listed Firms

5.1. Introduction

5.2. Literature Review and Hypotheses

5.2.1. Concepts

5.2.1.1. Cost Leadership Strategy

5.2.1.2. Differentiation Strategy

5.2.1.3. Focus Strategy

5.2.1.4. Hybrid Strategy

5.2.2. Impact of Female Top Leadership on Competitive Strategy.

5.2.3. Moderating Effect of Female Executives on the Link between Competitive Strategies and Firm Performance.

Notes:

Description based on print version record.

Includes bibliographical references and index.

Other Format:

Print version: Changzheng, Zhang Roles of Female Executives in Corporate Governance Practices: Evidence from China

ISBN:

9798886977486

OCLC:

1376931580