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dc.contributor.authorMobbs, Shawn
dc.contributor.authorTan, Yongxian
dc.contributor.authorZhang, Shage
dc.date.accessioned2022-08-03T10:17:55Z
dc.date.available2022-08-03T10:17:55Z
dc.date.issued2021
dc.identifier.citationMobbs, S. and Tan, Y. and Zhang, S. 2021. Female directors: Why are some less informed than others? Journal of Corporate Finance. 68: 101938.
dc.identifier.urihttp://hdl.handle.net/20.500.11937/89107
dc.identifier.doi10.1016/j.jcorpfin.2021.101938
dc.description.abstract

We find the limited supply of female directors, rather than gender differences or boardroom biases, can create an informational disadvantage for some female independent directors, as measured by their open market trading profits. The information disparity is largely isolated to firms with abnormally low representation by female directors. Female independent directors who are located further away from the company’s headquarters, have less industry experience or have shorter tenure exhibit the most limited information access. Accounting for these obstacles reduces the gender disparity in information. We further find that this information disparity among female independent directors contributes to the variation in their influence on board monitoring. More informed female independent directors are associated with fewer restatements, lower abnormal CEO compensation and higher Tobin’s Q. Our results have several policy implications.

dc.titleFemale directors: Why are some less informed than others?
dc.typeJournal Article
dcterms.source.volume68
dcterms.source.startPage101938
dcterms.source.endPage101938
dcterms.source.issn0929-1199
dcterms.source.titleJournal of Corporate Finance
dc.date.updated2022-08-03T10:17:55Z
curtin.departmentSchool of Accounting, Economics and Finance
curtin.accessStatusFulltext not available
curtin.facultyFaculty of Business and Law


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