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

Autor:	Dinithi Ranasinghe, Luisa A. Unda, Paul R. Mather
Rok vydání:	2021
Předmět:	Gender diversity Earnings business.industry media_common.quotation_subject Corporate governance Accounting Sample (statistics) On board Perception Robustness (economics) business human activities media_common
Zdroj:	Journal of Contemporary Accounting & Economics. 17:100278
ISSN:	1815-5669
DOI:	10.1016/j.jcae.2021.100278
Popis:	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.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::77b3d0403f475a4eade761ab1cbe8a04 https://doi.org/10.1016/j.jcae.2021.100278 Zobrazit plný text záznamu Full Text from ScienceDirect