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این مقاله علمی پژوهشی (ISI) به زبان انگلیسی از نشریه اسپرینگر مربوط به سال ۲۰۲۱ دارای ۲۳ صفحه انگلیسی با فرمت PDF می باشد در ادامه این صفحه لینک دانلود رایگان مقاله انگلیسی و بخشی از ترجمه فارسی مقاله موجود می باشد.
کد محصول: H771
سال نشر: ۲۰۲۱
نام ناشر (پایگاه داده): اسپرینگر
نام مجله: Journal of Management and Governance
نوع مقاله: علمی پژوهشی (Research articles)
تعداد صفحه انگلیسی: ۲۳ صفحه PDF
عنوان کامل فارسی:
مقاله انگلیسی ۲۰۲۱ : تنوع جنسیتی هیئت مدیره و تغییرات سرقفلی: ارتباط بین محافظه کاری حسابداری، جنسیت و حاکمیت
عنوان کامل انگلیسی:
Gender diverse boards and goodwill changes: association between accounting conservatism, gender and governance
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چکیده فارسی:
ما رابطه بین تنوع جنسیتی هیئت مدیره و سرقفلی (GW) را مورد مطالعه قرار می دهیم. سرقفلی در ترازنامه هم به ریسک پذیری شرکت و هم به محافظه کاری حسابداری مرتبط است که دو موضوع جذاب در بررسی نحوه تأثیر تنوع جنسیتی بر حاکمیت شرکت ها می باشند. GW تصمیم شرکت برای اکتساب(خرید) یک کسب و کار دیگر با قیمتی فراتر از خالص دارایی های شناسایی شده و ارزش گذاری متعاقب خرید را در بر می گیرد. ما بیان می‌کنیم که تصمیمات هیئت مدیره که بر GW تأثیر می‌گذارند می‌توانند اطلاعاتی در مورد تنوع جنسیتی هیئت مدیره و تأثیرات بالقوه آن ارائه دهند…
Abstract
We study the relation between board gender diversity and goodwill (GW). GW on the balance sheet is connected to both the firm’s risk-taking and its accounting conservatism which are two popular topics in how gender diversity affects the governance of firms. GW captures the firm’s decision to acquire another business for a price exceeding the received identifiable net assets and the subsequent valuation of the purchase. We propose that board decisions affecting GW could depict information about board gender diversity and its potential effects. Specifically, we examine Nordic listed firms in the period 2009–۲۰۱۸, to determine whether and how female representation on the board of directors is linked to the GW change. Big GW increases are associated with risk-taking and GW write-downs are signs of conservative accounting. Thus, we hypothesize and evidence that firms with substantial GW increases (decreases) are associated with fewer (more) women on the board. These results provide insight on board composition and potentially also on good governance and their consequences for strategic decision-making. Our findings contribute to the board diversity literature in accounting and corporate governance.
Keywords: Board composition · Gender · Goodwill impairment · Nordic countries
۱.Introduction
The increasing influence of women in the boardroom is altering the conventions traditions in firms and their governance. Firms and several countries have issued guidelines or rules to increase the role of women in corporations and on the board of directors. Not surprisingly, the increasing presence of women in firms has gathered much research. This research is often grounded in traits known, or assumed, to be related to gender and these traits are then used to hypothesize on the outcomes of the increasing gender diversity. For example, risk-aversiveness of women has been showed to lead to less risky financial decisions (e.g. Bajtelsmit & Bernasek, 1996; Davydov et al., 2017; Faccio et al., 2016; Levi et al., 2014). Aggressiveness and overconfidence of men, on the other hand, have been connected to excessive stock trading (Barber & Odean, 2001) and more aggressive firm-strategies (Adhikari et al., 2019). Women are often suggested to be more ethical than men (Croson & Gneezy, 2009; van Staveren, 2014) and followingly less likely to mislead outsiders to achieve personal gains. In line with this, women have been shown to engage less in fraudulent activities like insider trading (Betz et al., 1989) and tax evasion (Reese & McDougal, 2018) compared to men. When it comes to earnings management, several papers suggest that women have a reducing effect on it (García-Sánches et al., 2017; Srinidhi et al., 2011; Sun et al., 2011). This, in turn, causes earnings to be less biased and have better potential to communicate true economic performance…
۵.Conclusions
This paper focused on the impact of gender on firm decision-making. Specifically, we concentrate on acquisitions, where the board of directors plays a significant role in strategic decision-making and in orchestrating GW valuation and impairment testing. GW valuation is a challenge for both standard-setters and practitioners. We assume that decisions regarding GW valuation and its changes have great potential to reflect board gender diversity. Corporate acquisitions are high stakes transactions and therefore tell of the board’s willingness to take on risk. The decision to write-down GW includes a high level of discretion and reveal information on the reporting practices of the firm. We presumed that boards with high ethics and inclinations towards accounting conservatism have a lower threshold to write-down GW…