The University of Southampton
University of Southampton Institutional Repository

Female directors and managerial opportunism: monitoring versus advisory female directors

Female directors and managerial opportunism: monitoring versus advisory female directors
Female directors and managerial opportunism: monitoring versus advisory female directors
Going beyond the mere participation of female directors within boardrooms, we investigate which of the two major boards of directors’ roles (advisory versus monitoring) is best played by female directors in order to make a difference to shareholders. More specifically, we investigate the impact that advisory and monitoring female directors have on managerial opportunism with a specific focus on earnings management. Using sample of US firms, we find evidence suggesting that female directors holding monitoring roles mitigate managerial opportunism, as measured by discretionary accruals. In contrast to the current argument that advisory directors in general are better able to sustain and improve earnings quality, we find no evidence that suggests that advisory female directors are significantly associated with lower managerial opportunism. Overall, the results remain robust after controlling for potential endogeneity problems, corporate governance, and external auditor quality.
Female directors, gender differences, advisory versus monitoring directors, earnings management, economic versus social theories, gender differences, advisory versus monitoring directors, earnings management, economic versus social theories
1048-9843
Zalata, Alaa
0fc2c56d-97ad-44ce-ab31-63ca335dcef6
Ntim, Collins
1f344edc-8005-4e96-8972-d56c4dade46b
Choudhry, Taufiq
6fc3ceb8-8103-4017-b3b5-2d38efa57728
Hassanein, Ahmed
c77cd8fc-a14a-4425-8713-5890cf5bf8b3
Elzahar, Hany
2b4b6fac-1db4-4fba-b757-ed7a7bd027b9
Zalata, Alaa
0fc2c56d-97ad-44ce-ab31-63ca335dcef6
Ntim, Collins
1f344edc-8005-4e96-8972-d56c4dade46b
Choudhry, Taufiq
6fc3ceb8-8103-4017-b3b5-2d38efa57728
Hassanein, Ahmed
c77cd8fc-a14a-4425-8713-5890cf5bf8b3
Elzahar, Hany
2b4b6fac-1db4-4fba-b757-ed7a7bd027b9

Zalata, Alaa, Ntim, Collins, Choudhry, Taufiq, Hassanein, Ahmed and Elzahar, Hany (2019) Female directors and managerial opportunism: monitoring versus advisory female directors. The Leadership Quarterly, 30 (5), [101309]. (doi:10.1016/j.leaqua.2019.101309).

Record type: Article

Abstract

Going beyond the mere participation of female directors within boardrooms, we investigate which of the two major boards of directors’ roles (advisory versus monitoring) is best played by female directors in order to make a difference to shareholders. More specifically, we investigate the impact that advisory and monitoring female directors have on managerial opportunism with a specific focus on earnings management. Using sample of US firms, we find evidence suggesting that female directors holding monitoring roles mitigate managerial opportunism, as measured by discretionary accruals. In contrast to the current argument that advisory directors in general are better able to sustain and improve earnings quality, we find no evidence that suggests that advisory female directors are significantly associated with lower managerial opportunism. Overall, the results remain robust after controlling for potential endogeneity problems, corporate governance, and external auditor quality.

Text
Main manuscript - Accepted Manuscript
Download (930kB)

More information

Accepted/In Press date: 5 August 2019
e-pub ahead of print date: 21 August 2019
Published date: October 2019
Keywords: Female directors, gender differences, advisory versus monitoring directors, earnings management, economic versus social theories, gender differences, advisory versus monitoring directors, earnings management, economic versus social theories

Identifiers

Local EPrints ID: 432996
URI: http://eprints.soton.ac.uk/id/eprint/432996
ISSN: 1048-9843
PURE UUID: 571a34a3-074c-444c-a9ea-0a36eff6c432
ORCID for Alaa Zalata: ORCID iD orcid.org/0000-0003-2018-4313
ORCID for Collins Ntim: ORCID iD orcid.org/0000-0002-1042-4056
ORCID for Taufiq Choudhry: ORCID iD orcid.org/0000-0002-0463-0662

Catalogue record

Date deposited: 06 Aug 2019 16:30
Last modified: 18 Feb 2021 17:25

Export record

Altmetrics

Download statistics

Downloads from ePrints over the past year. Other digital versions may also be available to download e.g. from the publisher's website.

View more statistics

Atom RSS 1.0 RSS 2.0

Contact ePrints Soton: eprints@soton.ac.uk

ePrints Soton supports OAI 2.0 with a base URL of http://eprints.soton.ac.uk/cgi/oai2

This repository has been built using EPrints software, developed at the University of Southampton, but available to everyone to use.

We use cookies to ensure that we give you the best experience on our website. If you continue without changing your settings, we will assume that you are happy to receive cookies on the University of Southampton website.

×