Gender Diversity and Securities Fraud

摘要: We formulate theory on the effect of board director gender diversity broad spectrum securities fraud and generate three main insights. First, based ethicality, risk aversion, diversity, we hypothesize that boards can operate as a significant moderator for frequency fraud. Second, stock market response to from more gender-diverse is significantly less pronounced. Third, women are effective in male-dominated industries reducing both severity Our first-ever empirical tests, data large sample Chinese firms committed fraud, largely consistent with each these hypotheses.