Exploring and Explaining the Effects of Financial Literacy and the Complementary Relationship of Female Board Members on Preventing Earning Management (Evidence from companies listed on stock exchange)
Publish Year: 1399
نوع سند: مقاله ژورنالی
زبان: English
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شناسه ملی سند علمی:
JR_IJFMA-5-18_008
تاریخ نمایه سازی: 13 آذر 1400
Abstract:
To achieve balance, equality, and elimination of prejudices, as well as the full development of organizations, women need to be able to participate in the decision making process at various levels of the organization. In recent years, in the employment rate of women in society has increased significantly. The reason is the remarkable competencies in women’s management style. Therefore, a new view to the management of women is emerging in developing countries. The purpose of this study was to investigate the complementary relationship between female board members and financial literacy with preventing earning management in companies listed on stock exchange. ۱۲۴ companies were selected as the research sample using Systematic Sampling and after applying restrictions, from ۲۰۱۲ to ۲۰۱۸. Hypotheses have been tested and analyzed using combined data regression techniques. The results of the study indicate that having female members in board of directors has a significant effect on earning management. The presence of educated women in the board will reduce profit management. Therefore, companies are encouraged to have financially educated women on their board of directors.
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Authors
Majid Montasheri
Ph.D. candidate in Financial Engineering, Department of Accounting and Finance, Faculty of Management, Yazd University, Iran
Daryush Farid
Associate Professor of Finance and Accounting Department, Yazd University, Iran