Proceedings of the 2021 3rd International Conference on Economic Management and Cultural Industry (ICEMCI 2021)

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Board Gender Diversity and Corporate Financial Investment: Evidence from China

Authors
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: ztykk@hku.hk
Corresponding Author
Tianyi Zhuang
Available Online 15 December 2021.
DOI
10.2991/assehr.k.211209.320How to use a DOI?
Keywords
Board gender diversity; Corporate financial investment; From real to virtual
Abstract

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.

Copyright
© 2021 The Authors. Published by Atlantis Press International B.V.
Open Access
This is an open access article under the CC BY-NC license.

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Volume Title
Proceedings of the 2021 3rd International Conference on Economic Management and Cultural Industry (ICEMCI 2021)
Series
Advances in Economics, Business and Management Research
Publication Date
15 December 2021
ISBN
10.2991/assehr.k.211209.320
ISSN
2352-5428
DOI
10.2991/assehr.k.211209.320How to use a DOI?
Copyright
© 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

risenwbib
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  -