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Study on the Influence of Female Executives on Corporate Diversified M & A Decision
Business School of Changshu Institute of Technology, Changshu, China
Business School of Changzhou University, Changzhou, China
Business School of Changzhou University, Changzhou, China
Changzhou University Huaide College, Jingjiang, China
- 1 Business School of Changshu Institute of Technology, Changshu, China
- 2 Business School of Changzhou University, Changzhou, China
- 3 Business School of Changzhou University, Changzhou, China
- 4 Changzhou University Huaide College, Jingjiang, China
Modern Economy·Volume 12 (2021)·Pages 1612–1627·Published 5 November 2021·DOI10.4236/me.2021.1211081
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Abstract
This paper conducts a study on the relationship between female executives and diversified Mergers and Acquisitions (M & A) decision, with Chinese A-share companies from 2009 to 2019 as a sample. The results show that the proportion of female executives and their age are significantly negatively correlated with corporate diversified M & A decision, and female executives’ academic qualifications are significantly positively correlated with diversified M & A decision. The negative effect of female executive participation on diversified M & A decision is partially caused by managers’ risk aversion.
KeywordsFemale ExecutiveDiversified M &ASocial Identity Theory
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