Do women on management board increase fair value relevance?
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In: Corporate Governance and Sustainability Review , Vol. 1, No. 1, 01.06.2017, p. 6-16.
Research output: Journal contributions › Journal articles › Research › peer-review
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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 -