Women in top executive positions, external audit quality and financial reporting quality: evidence from Vietnam

IF 3.2 Q1 BUSINESS, FINANCE Journal of Accounting in Emerging Economies Pub Date : 2023-10-27 DOI:10.1108/jaee-03-2023-0059
Quang Khai Nguyen
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引用次数: 1

Abstract

Purpose This study aims to investigate the effect of the presence of women in top executive positions on financial reporting quality (FRQ) and the role of external audit in enhancing the role of women in top executive positions. Design/methodology/approach This study uses a sample of 644 Vietnamese-listed firms from 2010 to 2020 and applies fixed-effect and dynamic system generalized method of moments techniques for empirical models to test the related hypotheses. Findings First, this study found a U-shaped relationship between women on the board and FRQ as well as women on the audit committee and FRQ. Second, female CEOs are positively associated with FRQ in small firms but there is no evidence of this in large firms. Third, a female chief accountant can enhance FRQ. Finally, external audit quality can reduce the negative effect of women on the board and the audit committee on FRQ and increase the positive impact of female chief accountants on FRQ. Practical implications The results support all risk-averse, ethical sensitivity and glass ceiling hypotheses in different contexts. This study provides important implications for firms to enhance FRQ by nominating women in a majority of top executive positions and simultaneously using high-quality external audit services. Originality/value The impact of women in top executive positions on controlling FRQ in different contexts is an original contribution to gender in management literature.
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女性高管、外部审计质量和财务报告质量:来自越南的证据
本研究旨在探讨女性担任高层管理职位对财务报告质量(FRQ)的影响,以及外部审计在增强女性担任高层管理职位方面的作用。本研究以2010 - 2020年644家越南上市公司为样本,运用固定效应和动态系统广义矩量法技术建立实证模型,对相关假设进行检验。首先,本研究发现董事会女性成员与FRQ以及审计委员会女性成员与FRQ之间呈u型关系。其次,在小公司中,女性ceo与FRQ呈正相关,但在大公司中没有证据表明这一点。第三,女性总会计师可以提高财务报表质量。最后,外部审计质量可以减少董事会和审计委员会中女性对财务报表质量的负面影响,增加女性首席会计师对财务报表质量的积极影响。研究结果在不同背景下支持所有风险规避、伦理敏感性和玻璃天花板假说。这项研究为公司通过提名女性担任大多数高层管理职位并同时使用高质量的外部审计服务来提高财务汇报率提供了重要启示。在不同的背景下,女性在高级管理职位上对控制FRQ的影响是对管理文献中性别的一项原创贡献。
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来源期刊
CiteScore
5.80
自引率
13.00%
发文量
38
期刊最新文献
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