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CFO gender and financial reporting transparency in banks
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Janahi, Mohamed, Millo, Yuval and Voulgaris, Georgios (2021) CFO gender and financial reporting transparency in banks. The European Journal of Finance, 27 (3). pp. 199-221. doi:10.1080/1351847X.2020.1801481
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WRAP-CFO-gender-financial-reporting-transparency-banks-Janahi-2020 .pdf - Accepted Version - Requires a PDF viewer. Download (2009Kb) | Preview |
Official URL: http://dx.doi.org/10.1080/1351847X.2020.1801481
Abstract
We investigate the effect of CFO gender on the timeliness of loan loss provision (LLP) reporting using a large sample of US banks from 2007 to 2016. Our findings show that women CFOs are associated with timelier forward-looking provisioning than men counterparts, suggesting that they follow a more transparent approach to financial reporting policies. Our results hold under different model specifications, including the use of bank and CEO fixed effects. We further address endogeneity concerns by showing that the timeliness of LLP reporting improves significantly for banks experiencing a man-followed-by-woman CFO transition. Overall, our study supports the notion that women CFOs are associated with higher financial reporting transparency and provides further insights into how CFO gender affects risk-aversion and ethics in banks, with wider implications about the importance of women’s representation in the finance-based industry.
| Item Type: | Journal Article | ||||||||
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| Subjects: | H Social Sciences > HD Industries. Land use. Labor H Social Sciences > HG Finance H Social Sciences > HQ The family. Marriage. Woman |
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| Divisions: | Faculty of Social Sciences > Warwick Business School > Accounting Faculty of Social Sciences > Warwick Business School |
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| Library of Congress Subject Headings (LCSH): | Chief financial officers , Financial services industry, Corporate governance , Gender identity , Sex role in the work environment | ||||||||
| Journal or Publication Title: | The European Journal of Finance | ||||||||
| Publisher: | Taylor & Francis | ||||||||
| ISSN: | 1351-847X | ||||||||
| Official Date: | 2021 | ||||||||
| Dates: |
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| Volume: | 27 | ||||||||
| Number: | 3 | ||||||||
| Page Range: | pp. 199-221 | ||||||||
| DOI: | 10.1080/1351847X.2020.1801481 | ||||||||
| Status: | Peer Reviewed | ||||||||
| Publication Status: | Published | ||||||||
| Publisher Statement: | This is an Accepted Manuscript of an article published by Taylor & Francis in The European Journal of Finance on 13 Aug 2020, available online: http://www.tandfonline.com/10.1080/1351847X.2020.1801481 | ||||||||
| Access rights to Published version: | Restricted or Subscription Access |
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