德勤－复旦会计论坛系列讲座之一百八十四

时       间：2021年11月2日（周二）中午12：00

地       点：腾讯会议

会议链接：https://meeting.tencent.com/dm/zM143lXt9clq

会 议  号：933 1356 7822

会议密码：877862

主 持  人：张新 副教授

主 讲  人：Mingyi Hung (The Hong Kong University of Science and Technology)

主      题：Mandatory gender diversity disclosures as a commitment device: Evidence from Canada

摘      要：We examine whether and how mandatory gender diversity disclosures affect female directorships. Our analysis takes advantage of Canada’s 2014 regulation, which requires specific disclosures of a firm’s board gender diversity practices and enables us to capture its diversity commitment (e.g., adoption of a written gender diversity policy or a gender diversity target). We find that female directorships increase following the regulation and that the disclosed diversity commitments are associated with subsequent changes in female directorships. In addition, the increase in female directorships is more pronounced among firms with greater visibility or less diverse boards, or among firms in industries with a higher supply of female directors. Supporting the notion that the disclosure regulation facilitates stakeholder monitoring, we find that the disclosed commitments are associated with an increase in ownership of foreign institutional investors with prosocial preferences. Overall, our findings suggest that the mandatory disclosure of specific gender diversity practices can serve as a credible commitment device that leads to increased female directorships.

会计学系

2021-10-28