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Gender diversity in corporate boards and continuous disclosure: Evidence from Australia
journal contribution
posted on 2023-05-20, 12:15 authored by Ahmed, A, Monem, RM, Delaney, D, Ng, CWe 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.
History
Publication title
Journal of Contemporary Accounting and EconomicsVolume
13Pagination
89-107ISSN
1815-5669Department/School
TSBEPublisher
Elsevier LtdPlace of publication
United KingdomRights statement
Copyright 2017 Elsevier Ltd. All rights reserved.Repository Status
- Restricted