Do women on management board increase fair value relevance?

Publikation: Beiträge in ZeitschriftenZeitschriftenaufsätzeForschungbegutachtet

Authors

The purpose of this paper is the link between women on management board and the value relevance of fair value accounting according to IFRS 13. The empirical quantitative study covers a sample of German companies listed at the Prime Standard of the Frankfurt Stock Exchange for the business years 2013-2015 (411 firm-year observations). Value relevance is measured by the modified Ohlson (1995) model and we separate fair value accounting in level 1, level 2 and level 3 fair values. Multiple regressions state that female members in the management board do have a positive impact on the value relevance of fair value accounting according to IFRS 13. Surprisingly, gender diversity only has a significant impact on the value relevance of fair valued assets on level 1 and 2 (“mark to market”) but not on level 3 (“mark to model”).
OriginalspracheEnglisch
ZeitschriftCorporate Governance and Sustainability Review
Jahrgang1
Ausgabenummer1
Seiten (von - bis)6-16
Anzahl der Seiten11
DOIs
PublikationsstatusErschienen - 01.06.2017

Zugehörige Projekte

  • Regulatory delevopment in Accounting, Auditing & Corporate Governance

    Projekt: Forschung

  • Corporate governance and CSR/IR reporting

    Projekt: Forschung

DOI