Author(s)

Yishu Wang^1,2, Zhizhi Zhuang¹, Xingyao Li¹, Danyan Zhong³

¹Business School of Changzhou University, Changzhou, China.
²Business School of Changshu Institute of Technology, Changshu, China.
³Changzhou University Huaide College, Jingjiang, China.

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.

Female Executive, Diversified M & A, Social Identity Theory

Wang, Y. , Zhuang, Z. , Li, X. and Zhong, D. (2021) Study on the Influence of Female Executives on Corporate Diversified M & A Decision. Modern Economy, 12, 1612-1627. doi: 10.4236/me.2021.1211081.