Female leadership and earnings management in politically connected and family firms
研究马来西亚2016-2018年数据发现，女性CFO在政治关联企业中能减少盈余管理，但在家族企业中无显著影响，支持促进女性高管任职的政策。
This study examines the role of female CEOs and CFOs in relation to earnings management in politically connected and family firms in Malaysia, utilising a unique dataset spanning 2016–2018. The results show female CFOs are associated with reduced earnings management in politically connected firms, potentially due to their risk-averse and ethical approach. However, no significant relationship is observed between female executives and earnings management in family firms, possibly due to entrenched dynamics and governance structures within these firms. The results are robust to potential self-selection bias and sub-sampling issues. Our findings support policies promoting female representation in corporate leadership, highlighting that female executives can enhance financial reporting quality in specific organisational contexts.HIGHLIGHTSFemale CFOs are associated with reduced earnings management in politically connected firms.No significant relationship is observed between female executives and earnings management in family firms.The results are robust to potential self–selection bias and subsampling issues.