Financial Fraud, Independent Female Directors and CEO Power

Yami, Nafisah and Poletti-Hughes, Jannine ORCID: 0000-0001-5959-2141 (2022) Financial Fraud, Independent Female Directors and CEO Power. Journal of Risk and Financial Management, 15 (12). p. 575.

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Official URL: http://dx.doi.org/10.3390/jrfm15120575

Abstract

<jats:p>This paper investigates the effect of female directors on financial fraud, focusing on the role of independent female directors and their demographics, such as experience, financial expertise, and audit committee membership. We find that independent female directors have a negative and significant influence on financial fraud, which is enhanced by their experience and financial expertise. The positive effect is also significant for those female directors that are members of the audit committee and have financial expertise. Independent female directors offset the increased likelihood of fraud in the presence of powerful CEOs, suggesting that the impact of their contribution is more valuable when there is managerial entrenchment.</jats:p>

Item Type:	Article
Uncontrolled Keywords:	financial fraud, gender diversity, independent female directors, CEO power
Divisions:	Faculty of Humanities and Social Sciences > School of Management
Depositing User:	Symplectic Admin
Date Deposited:	09 Jan 2023 10:28
Last Modified:	11 Jan 2023 16:59
DOI:	10.3390/jrfm15120575
Open Access URL:	https://www.mdpi.com/1911-8074/15/12/575
Related URLs:	Author Publisher
URI:	https://livrepository.liverpool.ac.uk/id/eprint/3166924