Gender-diverse boards and properties of analyst earnings forecasts

Ferdinand Akthar Gul, Marion Ruth Hutchinson, Karen M Y Lai

Research output: Contribution to journalArticleResearchpeer-review

63 Citations (Scopus)

Abstract

Using a sample of 2,200 U.S. listed firm-year observations (2001-2007), this study shows a positive (negative) relation between gender diversity on corporate boards and analysts earnings forecast accuracy (dispersion), after controlling for earnings quality, corporate governance, audit quality, stock price informativeness, and potential endogeneity. Our findings are important as they suggest that board diversity adds to the transparency and accuracy of financial reports such that earnings expectations are likely to be more accurate for these firms.
Original languageEnglish
Pages (from-to)511 - 538
Number of pages28
JournalAccounting Horizons
Volume27
Issue number3
DOIs
Publication statusPublished - 2013

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