Board Gender Diversity and Corporate Financial Investment: Evidence from China
Yiwei Kong1, †, Xuhui Liu2, †, Chengxi Xie3, †, Tianyi Zhuang4, *, †
1Department of Managerial Economics, The University of California, Davis, Davis, 95616, United States of America
2Department of Mathematics, The University of California, San Diego, San Diego, 92092, United States of America
3Department of Economics, The University of California, Irvine, Irvine, 92697, United States of America
4Department of Statistics & Actuarial Science, The University of Hong Kong, 999077, Hong Kong, China
These authors contributed equally.
*Corresponding author. Email: firstname.lastname@example.org
Available Online 15 December 2021.
- 10.2991/assehr.k.211209.320How to use a DOI?
- Board gender diversity; Corporate financial investment; From real to virtual
We investigate the impact of board gender diversity on corporate financial investment. The results show that the board gender diversity in China is negatively correlated with corporate financial investment. This association is robust to a series of robustness checks, including fixed firm-effect models and models containing several possible omitted variables. Further analyses show that the effect of board gender diversity is more pronounced at companies audited by Big 4 auditors. Overall, our findings provide new insights and suggest a positive corporate governance effect of board gender diversity.
- © 2021 The Authors. Published by Atlantis Press International B.V.
- Open Access
- This is an open access article under the CC BY-NC license.
Cite this article
TY - CONF AU - Yiwei Kong AU - Xuhui Liu AU - Chengxi Xie AU - Tianyi Zhuang PY - 2021 DA - 2021/12/15 TI - Board Gender Diversity and Corporate Financial Investment: Evidence from China BT - Proceedings of the 2021 3rd International Conference on Economic Management and Cultural Industry (ICEMCI 2021) PB - Atlantis Press SP - 1964 EP - 1970 SN - 2352-5428 UR - https://doi.org/10.2991/assehr.k.211209.320 DO - 10.2991/assehr.k.211209.320 ID - Kong2021 ER -