Double-edged effect of female directors on strategic change: more monitoring but less risk-taking

IF 5.8 2区管理学 Q1 MANAGEMENT

Asia Pacific Journal of Management Pub Date : 2023-11-01 DOI:10.1007/s10490-023-09938-w

Yu Wang, Xiaoying Chang, Xiwei Yi

引用次数: 0

Abstract

Research suggests that female directors can affect strategic change by changing board dynamics via gender diversity; however, this is only part of the story. In this study, we examine new mechanisms underlying the link between female directors and strategic change through the lens of gender-specific action tendencies. In particular, we explore the mediating effects of compensation monitoring of top managers and corporate risk-taking to explain the different pathways between female directors and strategic change. Using a sample of Chinese listed manufacturing firms over the 2010–2016 period, we find that female directors can indirectly improve strategic change via more effective monitoring of top manager compensation, but they can also inhibit strategic change indirectly via less risk-taking. These findings contribute to the literature by providing new insights into how female directors affect strategic change through the lens of gender-specific action tendencies.

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女性董事对战略变革的双刃剑效应：更多的监督，但更少的冒险

研究表明，女性董事可以通过性别多样性改变董事会动态，从而影响战略变革；然而，这只是故事的一部分。在本研究中，我们通过性别行动倾向的视角，考察了女性导演与战略变革之间联系的新机制。我们特别探讨了高管薪酬监控与公司风险承担的中介作用，以解释女性董事与战略变革之间的不同路径。以2010-2016年中国制造业上市公司为样本，我们发现女性董事可以通过更有效地监控高管薪酬间接促进战略变革，但也可以通过降低风险承担间接抑制战略变革。这些发现为研究女性董事如何通过特定性别的行动倾向影响战略变革提供了新的见解，从而为文献做出了贡献。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Asia Pacific Journal of Management MANAGEMENT-

CiteScore

9.70

自引率

9.30%

发文量

期刊介绍： The Asia Pacific Journal of Management publishes original manuscripts on management and organizational research in the Asia Pacific region, encompassing Pacific Rim countries and mainland Asia. APJM focuses on the extent to which each manuscript addresses matters that pertain to the most fundamental question: “What determines organization success?” The major academic disciplines that we cover include entrepreneurship, human resource management, international business, organizational behavior, and strategic management. However, manuscripts that belong to other well-established disciplines such as accounting, economics, finance, marketing, and operations generally do not fall into the scope of APJM. We endeavor to be the major vehicle for exchange of ideas and research among management scholars within or interested in the broadly defined Asia Pacific region.Key features include: Rigor - maintained through strict review processes, high quality global reviewers, and Editorial Advisory and Review Boards comprising prominent researchers from many countries. Relevance - maintained by its focus on key management and organizational trends in the region. Uniqueness - being the first and most prominent management journal published in and about the fastest growing region in the world. Official affiliation - Asia Academy of ManagementFor more information, visit the AAOM website:www.baf.cuhk.edu.hk/asia-aom/ Officially cited as: Asia Pac J Manag