TITLE:
Study on the Influence of Female Executives on Corporate Diversified M & A Decision
AUTHORS:
Yishu Wang, Zhizhi Zhuang, Xingyao Li, Danyan Zhong
KEYWORDS:
Female Executive, Diversified M & A, Social Identity Theory
JOURNAL NAME:
Modern Economy,
Vol.12 No.11,
November
15,
2021
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.