Are gender diverse boards more cautious? The impact of board gender diversity on sentiment in earnings press releases

IF 2.9 3区 管理学 Q2 BUSINESS, FINANCE
Paul Mather , Dinithi Ranasinghe , Luisa A. Unda
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引用次数: 6

Abstract

We examine the impact of board gender diversity on the sentiment in earnings press releases. Managers may use press releases to manage readers’ perceptions of corporate performance and we posit that gender diverse boards actively monitor managerial disclosures and tend to favour more cautious language in the press releases. Using a sample from ASX top 200 company voluntary disclosures and natural language text extraction processes, we find that board gender diversity is associated with the use of more cautious sentiments and less positive sentiments in earnings press releases. Further robustness tests validate our findings. We provide insights to practitioners and regulators by contributing to an ongoing regulatory debate on board gender diversity.

性别多元化的董事会是否更加谨慎?董事会性别多样性对收益新闻稿情绪的影响
我们研究了董事会性别多样性对收益新闻稿情绪的影响。管理者可能会使用新闻稿来管理读者对公司绩效的看法,我们假设性别多元化的董事会积极监督管理层披露,并倾向于在新闻稿中使用更谨慎的语言。使用来自ASX 200强公司自愿披露和自然语言文本提取过程的样本,我们发现董事会性别多样性与在收益新闻稿中使用更谨慎的情绪和更少的积极情绪有关。进一步的稳健性测试验证了我们的发现。我们通过参与正在进行的关于董事会性别多样性的监管辩论,为从业者和监管机构提供见解。
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
CiteScore
6.00
自引率
3.00%
发文量
24
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