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| On the Gender of Secretary of the Board of Directors and the Quality of InformationDisclosure: Evidence from Shanghai and Shenzhen A Shares Market |
| LIN Changquan, MAO Xinshu, LIU Kaixuan
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| Business School,Beijing Technology and Business University;Collaborative Innovation Centre for State-owned Assets Administration |
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Abstract Evidence shows that the gender of the executives will affect their decision-making behavior and effect. In recent years, female secretaries in China's listing corporation executives continued to increase, which is called “the rise of female secretaries” phenomenon. In this paper, based on psychology, management and other related research, we investigate the influence of the gender of the secretaries on the quality of information disclosure, and discovered that the increase in female secretaries did not lead to improvement of the quality of information disclosure, rather significantly reduce the quality of the information disclosure, this effect is more significant in the big corporations. The conclusion remains unchanged after we control the impact of CEO gender, CFO gender, and the proportion of females in board of directors, as well as endogeneity. This study has significance to the listing corporation to hire secretaries.
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Received: 20 March 2016
Published: 11 April 2018
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