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Female board directorships and related party transactions

Female board directorships and related party transactions
Female board directorships and related party transactions
Using a sample of Chinese firms from 2005 to 2018, we show that firms with female directors (either executive or independent) are characterised by fewer related party transactions (RPTs), particularly in state-owned enterprises (SOEs). Fewer RPTs are associated with improved subsequent operating performance and, in contrast, RPTs are associated with decreased performance for firms with no or fewer female directors, suggesting that female directors engage or allow only efficient but not opportunistic RPTs to facilitate the long-term strategic objectives of their firms. Our findings are robust for using an alternative measure of RPTs, female board directorships and methods to mitigate potential endogeneity issues.
1045-3172
Usman, Muhammad
a09e6ced-b5aa-464b-b87b-923ffdf36b7d
Gull, Ammar Ali
dc69392a-4b32-4945-b298-29c6fa06d89c
Zalata, Alaa
0fc2c56d-97ad-44ce-ab31-63ca335dcef6
Wang, Fangjun
3889613d-86dd-4aea-b025-cd7fd41ff923
Yin, Junming
4ddf503b-c7e7-407b-b9be-602069b0ce9d
Usman, Muhammad
a09e6ced-b5aa-464b-b87b-923ffdf36b7d
Gull, Ammar Ali
dc69392a-4b32-4945-b298-29c6fa06d89c
Zalata, Alaa
0fc2c56d-97ad-44ce-ab31-63ca335dcef6
Wang, Fangjun
3889613d-86dd-4aea-b025-cd7fd41ff923
Yin, Junming
4ddf503b-c7e7-407b-b9be-602069b0ce9d

Usman, Muhammad, Gull, Ammar Ali, Zalata, Alaa, Wang, Fangjun and Yin, Junming (2021) Female board directorships and related party transactions. British Journal of Management. (In Press)

Record type: Article

Abstract

Using a sample of Chinese firms from 2005 to 2018, we show that firms with female directors (either executive or independent) are characterised by fewer related party transactions (RPTs), particularly in state-owned enterprises (SOEs). Fewer RPTs are associated with improved subsequent operating performance and, in contrast, RPTs are associated with decreased performance for firms with no or fewer female directors, suggesting that female directors engage or allow only efficient but not opportunistic RPTs to facilitate the long-term strategic objectives of their firms. Our findings are robust for using an alternative measure of RPTs, female board directorships and methods to mitigate potential endogeneity issues.

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More information

Accepted/In Press date: 28 October 2021

Identifiers

Local EPrints ID: 451830
URI: http://eprints.soton.ac.uk/id/eprint/451830
ISSN: 1045-3172
PURE UUID: faf789c6-3b7c-419a-8e74-4e4edf510b58
ORCID for Alaa Zalata: ORCID iD orcid.org/0000-0003-2018-4313

Catalogue record

Date deposited: 29 Oct 2021 16:30
Last modified: 13 Dec 2021 03:16

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Contributors

Author: Muhammad Usman
Author: Ammar Ali Gull
Author: Alaa Zalata ORCID iD
Author: Fangjun Wang
Author: Junming Yin

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