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Gender diversity in corporate boards and continuous disclosure: Evidence from Australia
Ahmed, A and Monem, RM and Delaney, D and Ng, C, Gender diversity in corporate boards and continuous disclosure: Evidence from Australia, Journal of Contemporary Accounting and Economics, 13 pp. 89-107. ISSN 1815-5669 (2017) [Refereed Article]
Copyright 2017 Elsevier Ltd. All rights reserved.
We investigate whether gender-diverse boards contribute to capital market efficiency through their role in corporate disclosure. Using Australia’s continuous disclosure regime, we provide evidence that female directors on the board improve the frequency and volume of all types of continuous disclosure. Further analyses show that the relationship between gender-diversity and continuous disclosure is non-linear. Moreover, it requires more than one female director to have any significant effect on continuous disclosure, which is consistent with the critical mass theory. The study uses lagged independent variables and the Two-Stage-Least Squares (2SLS) approach to minimise endogeneity concerns. The results are robust to alternative variable definitions. Moreover, the Generalised Methods of Moments (GMM) and difference-in-difference techniques are used.
|Item Type:||Refereed Article|
|Keywords:||gender diversity; women on corporate boards; continuous disclosure; corporate governance; two-stage-least-squares method; generalised models of moments; difference-in-difference|
|Research Division:||Commerce, Management, Tourism and Services|
|Research Group:||Accounting, auditing and accountability|
|Research Field:||Accounting theory and standards|
|Objective Division:||Expanding Knowledge|
|Objective Group:||Expanding knowledge|
|Objective Field:||Expanding knowledge in commerce, management, tourism and services|
|UTAS Author:||Delaney, D (Dr Deborah Delaney)|
|Web of Science® Times Cited:||39|
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