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Gender-diverse boards and properties of analyst earnings forecasts

Version 2 2024-06-05, 09:46
Version 1 2015-12-02, 14:16
journal contribution
posted on 2024-06-05, 09:46 authored by Ferdinand GulFerdinand Gul, M Hutchinson, KMY Lai
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.

History

Journal

Accounting horizons

Volume

27

Pagination

511-538

Location

Sarasota, Fla.

ISSN

0888-7993

eISSN

1558-7975

Language

eng

Publication classification

C1.1 Refereed article in a scholarly journal, C Journal article

Copyright notice

2013, American Accounting Association

Issue

3

Publisher

American Accounting Association