Female executives have exerted an important effect on corporate decisions.This paper uses A-share listed companies from 2000 to 2012 in China's capital market as the sample,and empirically analyzes the relationship between female executives(including its types) and financial fraud.It comes to the results as follows:firstly,in general,female executives restrain financial fraud significantly;secondly,while female executives are divided into several types,it finds that only female CFOs play an inhibition role in financial fraud,but female CEOs even promote financial fraud,and other types of female executives have no significant impacts on financial fraud;thirdly,the influence power of female CEOs is higher than female CFOs.Furthermore,when research range is separated into before and after the implementation of Chinese Accounting Standard(CAS) 2006,the effects above-mentioned mainly exist in the duration after CAS 2006.The research conclusions reveal that while encouraging female executives to play a positive role in China,it should also pay attention to classified regulatory policy setting and external institution of the performance of duties in terms of female executives.
/ Journals / Journal of Shanghai University of Finance and Economics
Journal of Shanghai University of Finance and Economics
LiuYuanchun, Editor-in-Chief
ZhengChunrong, Vice Executive Editor-in-Chief
GuoChanglin YanJinqiang WangWenbin WuWenfang, Vice Editor-in-Chief
CEO vs CFO:Can Female Executives Restrain Financial Fraud?
Journal of Shanghai University of Finance and Economics Vol. 18, Issue 01, pp. 50 - 63 (2016) DOI:10.16538/j.cnki.jsufe.2016.01.005
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Zhou Zejiang, Liu Zhongyan, Hu Rui. CEO vs CFO:Can Female Executives Restrain Financial Fraud?[J]. Journal of Shanghai University of Finance and Economics, 2016, 18(1): 50–63.
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