Do women on management board increase fair value relevance?

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Do women on management board increase fair value relevance? / Velte, Patrick.
In: Corporate Governance and Sustainability Review , Vol. 1, No. 1, 01.06.2017, p. 6-16.

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@article{124458bcca2346fcade035c440dddf2d,
title = "Do women on management board increase fair value relevance?",
abstract = "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 man-agement 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”).",
keywords = "Management studies, Fair Value Accounting, Earnings Management, Gender Diversity, Value Relevance, Corporate Governance, Management Board, Gender and Diversity, Sustainability Science",
author = "Patrick Velte",
year = "2017",
month = jun,
day = "1",
doi = "10.22495/cgsrv1i1p1",
language = "English",
volume = "1",
pages = "6--16",
journal = "Corporate Governance and Sustainability Review ",
issn = "2519-898X",
publisher = "Virtus Interpress",
number = "1",

}

RIS

TY - JOUR

T1 - Do women on management board increase fair value relevance?

AU - Velte, Patrick

PY - 2017/6/1

Y1 - 2017/6/1

N2 - 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 man-agement 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”).

AB - 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 man-agement 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”).

KW - Management studies

KW - Fair Value Accounting

KW - Earnings Management

KW - Gender Diversity

KW - Value Relevance

KW - Corporate Governance

KW - Management Board

KW - Gender and Diversity

KW - Sustainability Science

UR - https://www.mendeley.com/catalogue/b8c92f94-aac3-3cd0-a6db-a9534b3e2992/

U2 - 10.22495/cgsrv1i1p1

DO - 10.22495/cgsrv1i1p1

M3 - Journal articles

VL - 1

SP - 6

EP - 16

JO - Corporate Governance and Sustainability Review

JF - Corporate Governance and Sustainability Review

SN - 2519-898X

IS - 1

ER -

DOI