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has been cited by the following article:

• 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.