English  |  正體中文  |  简体中文  |  全文筆數/總筆數 : 58791/92483 (64%)
造訪人次 : 626600      線上人數 : 51
RC Version 7.0 © Powered By DSPACE, MIT. Enhanced by NTU Library & TKU Library IR team.
搜尋範圍 查詢小技巧:
  • 您可在西文檢索詞彙前後加上"雙引號",以獲取較精準的檢索結果
  • 若欲以作者姓名搜尋,建議至進階搜尋限定作者欄位,可獲得較完整資料
  • 進階搜尋
    請使用永久網址來引用或連結此文件: http://tkuir.lib.tku.edu.tw:8080/dspace/handle/987654321/119514

    題名: Co‑opted directors, gender diversity, and crash risk: evidence from China
    作者: Kao, Erin H.;Huang, Ho‑Chuan;Fung, Hung‑Gay;Liu, Xiaojian
    關鍵詞: Co-option;Crash risk;Gender diversity;Independent director;State-owned enterprises
    日期: 2020-08
    上傳時間: 2020-11-11 12:10:30 (UTC+8)
    摘要: This study examines how the composition of the board of directors at Chinese firms affects crash risk. The results indicate that co-opted directors (i.e., directors appointed after the CEO assumed office) have a positive and significant effect on crash risk; the positive relation between board directors and crash risk is primarily driven by co-opted male directors, implying a gender difference on crash risk. Non-co-opted independent directors mitigate crash risk, but the negative relation between gender and crash risk is much stronger for female directors than for male directors. The results indicate that co-option/non-co-opted independence along with gender diversity on the board plays an important role in shaping crash risk behaviors. The director-crash risk linkage disappears at state-owned enterprises, suggesting that ownership structure affects board behaviors and board members play the role of rubber-stamp. Finally, the relation between gender and crash risk is more pronounced at crash-risk prone firms with high earnings management and high financial leverage.
    關聯: Review of Quantitative Finance and Accounting 55, p.461–500
    DOI: 10.1007/s11156-019-00850-3
    顯示於類別:[財務金融學系暨研究所] 期刊論文


    檔案 描述 大小格式瀏覽次數
    Co-opted directors, gender diversity, and crash risk evidence from China.pdf806KbAdobe PDF72檢視/開啟



    DSpace Software Copyright © 2002-2004  MIT &  Hewlett-Packard  /   Enhanced by   NTU Library & TKU Library IR teams. Copyright ©   - 回饋