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Gender-diverse boards and properties of analyst earnings forecasts
journal contribution
posted on 2013-09-01, 00:00 authored by Ferdinand GulFerdinand Gul, M Hutchinson, Karen LaiUsing 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.
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Journal
Accounting horizonsVolume
27Issue
3Pagination
511 - 538Publisher
American Accounting AssociationLocation
Sarasota, Fla.Publisher DOI
ISSN
0888-7993eISSN
1558-7975Language
engPublication classification
C1.1 Refereed article in a scholarly journal; C Journal articleCopyright notice
2013, American Accounting AssociationUsage metrics
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