Female directors, audit effort and financial reporting quality

Referencias bibliográficas

• Abad, D., Lucas-Pérez, M. E., Minguez-Vera, A., & Yagüe, J. (2017). Does gender diversity on corporate boards reduce information asymmetry in equity markets? BRQ Business Research Quarterly, 20 (3), 192–205. https://doi.org/10.1016/j.brq.2017.04.001
• Abbott, L. J., Parker, S., Peters, G. F., & Raghunandan, K. (2003). The association between audit committee characteristics and audit fees. Auditing: A Journal of Practice and Theory, 22 (2), 17–32. https://doi.org/10.2308/aud.2003.22.2.17
• Adams, R. B., & Ferreira, D. (2004) Gender Diversity in the Boardroom, Working Paper No. 58/ 2004 (Finance), European Corporate Governance Institute (ECGI). https://www.cfr-cologne.de/ download/researchseminar/SS2006/genderECGI.pdf
• Adams, R. B., & Ferreira, D. (2009). Women in the boardroom and their impact on governance and performance. Journal of Financial Economics, 94 (2), 291–309. https://doi.org/10.1016/j. jfineco.2008.10.007
• Adams, R. B., & Funk, P. (2012). Beyond the glass ceiling: Does gender matter? Management Science, 58(2), 219–235. https://doi.org/10.1287/mnsc.1110.1452
• Adams, R. B., Licht, A. N., & Sagiv, L. (2011). Shareholders and stakeholders: How do directors decide? Strategic Management Journal, 32 (12), 1331–1355. https://doi.org/10.1002/smj.940
• Ahmed, A., Monem, R. M., Delaney, D., & Ng, C. (2017). Gender diversity in corporate boards and continuous disclosure: Evidence from Australia. Journal of Contemporary Accounting and Economics, 13 (2), 89–107. https://doi.org/10.1016/j.jcae.2017.05.004
• Aldamen, H., Hollindale, J., & Ziegelmayer, J. L. (2018). Female audit committee members and their influence on audit fees. Accounting and Finance, 58 (1), 57–89. https://doi.org/10.1111/acfi. 12248
• Alfraih, M. M. (2017). Choosing an external auditor: Does the composition of boards of directors matter? International Journal of Law and Management, 59 (3), 394–412. https://doi.org/10.1108/ IJLMA-03-2016-0032
• Alhababsah, S., & Yekini, S. (2021). Audit committee and audit quality: An empirical analysis considering industry expertise, legal expertise and gender diversity. Journal of International Accounting, Auditing and Taxation, 42, 100377. https://doi.org/10.1016/j.intaccaudtax.2021. 100377
• André, P., Broye, G., Pong, C., & Schatt, A. (2016). Are joint audits associated with higher audit fees? European Accounting Review, 25 (2), 245–274. https://doi.org/10.1080/09638180.2014.998016
• Arellano, M., & Bond, S. (1991). Some tests of specification for panel data: Monte Carlo evidence and an application to employment equations. The Review of Economic Studies, 58 (2), 277–298. https://doi.org/10.2307/2297968
• Arun, T. G., Almahrog, Y. E., & Aribi, Z. A. (2015). Female directors and earnings management: Evidence from UK companies. International Review of Financial Analysis, 39, 137–146. https:// doi.org/10.1016/j.irfa.2015.03.002
• Ashbaugh-Skaife, H., Collins, D. W., Kinney, W. R., Jr, & LaFond, R. (2008). The effect of SOX internal control deficiencies and their remediation on accrual quality. The Accounting Review, 83 (1), 217–250. https://doi.org/10.2308/accr.2008.83.1.217
• Barber, B. M., & Odean, T. (2001). Boys will be boys: Gender, overconfidence, and common stock investment. The Quarterly Journal of Economics, 116 (1), 261–292. https://doi.org/10.1162/ 003355301556400
• Bear, S., Rahman, N., & Post, C. (2010). The impact of board diversity and gender composition on corporate social responsibility and firm reputation. Journal of Business Ethics, 97 (2), 207–221. https://doi.org/10.1007/s10551-010-0505-2
• Beekes, W., & Brown, P. (2006). Do better-governed Australian firms make more informative disclosures? Journal of Business Finance & Accounting, 33 (3-4), 422–450. https://doi.org/10. 1111/j.1468-5957.2006.00614.x
• Bell, T. B., Causholli, M., & Knechel, W. R. (2015). Audit firm tenure, non-audit services, and internal assessments of audit quality. Journal of Accounting Research, 53 (3), 461–509. https:// doi.org/10.1111/1475-679X.12078
• Beneish, M. D. (2001). Earnings management: A perspective. SSRN 269625.Bertrand, M. (2011). New perspectives on gender. In Ashenfelter, O., and Card, D. (Eds.). Handbook of labor economics (Vol. 4, pp. 1543–1590). Elsevier.
• Betz, M., O’Connell, L., & Shepard, J. M. (1989). Gender differences in proclivity for unethical behavior. Journal of Business Ethics, 8 (5), 321e324. https://doi.org/10.1007/BF00381722
• Beutel, A. M., & Marini, M. M. (1995). Gender and values. American Sociological Review, 60(3), 436–448. https://doi.org/10.2307/2096423
• Bilimoria, D. (2000). Building the business case for women corporate directors. In Burke, R. J., & Mattis, M. C. (Eds.), Women on corporate boards of directors (pp. 25–40). Springer.
• Bilimoria, D., & Huse, M. (1997). A qualitative comparison of the boardroom experience of U.S. and Norwegian women directors. International Review of Women and Leadership, 3 (2), 63–76.
• Blau, P. M. (1977). Inequality and heterogeneity. Free Press.Blundell, R., & Bond, S. (1998). Initial conditions and moment restrictions in dynamic panel data models. Journal of Econometrics, 87 (1), 115–143. https://doi.org/10.1016/S0304-4076(98)00009- 8
• Boone, J. P., Khurana, I. K., & Raman, K. K. (2010). Do the Big 4 and the second-tier firms provide audits of similar quality? Journal of Accounting and Public Policy, 29 (4), 330–352. https://doi. org/10.1016/j.jaccpubpol.2010.06.007
• Boyd, B. K. (1994). Board control and CEO compensation. Strategic Management Journal, 15(5), 335–344. https://doi.org/10.1002/smj.4250150502
• Bradshaw, P., & Wicks, D. (2000). The experiences of white women on corporate boards in Canada. In Burke, R. J., & Mattis, M. C. (Eds.), Women on corporate boards of directors (pp. 197–212). Springer.
• Brown, S., & Hillegeist, S. A. (2007). How disclosure quality affects the level of information asymmetry. Review of Accounting Studies, 12 (2), 443–477. https://doi.org/10.1007/s11142-007- 9032-5
• Byrnes, J. P., Miller, D. C., & Schafer, W. D. (1999). Gender differences in risk taking: A meta-analysis. Psychological Bulletin, 125 (3), 367. https://doi.org/10.1037/0033-2909.125.3.367
• Capezio, A., & Mavisakalyan, A. (2016). Women in the boardroom and fraud: Evidence from Australia. Australian Journal of Management, 41 (4), 719–734. https://doi.org/10.1177/ 0312896215579463
• Carcello, J. V., Hermanson, D. R., & Raghunandan, K. (2005). Factors associated with US public companies’ investment in internal auditing. Accounting Horizons, 19 (2), 69–84. https://doi.org/ 10.2308/acch.2005.19.2.69
• Chan, Y. K., & Walter, T. S. (1996). Qualified audit reports and costly contracting. Asia Pacific Journal of Management, 13(1), 37–63. https://doi.org/10.1007/BF01739681
• Charness, G., & Gneezy, U. (2012). Strong evidence for gender differences in risk taking. Journal of Economic Behavior & Organization, 83 (1), 50–58. https://doi.org/10.1016/j.jebo.2011.06.007
• Choudhury, B. (2015). Gender diversity on boards: Beyond quotas. European Business Law Review, 26 (1), 229–243. https://kluwerlawonline.com/journalarticle/European+Business+Law+Review/ 26.1/EULR2015012
• Christie, A. A., & Zimmerman, J. L. (1994). Efficient and opportunistic choices of accounting procedures: Corporate control contests. Accounting Review, 69 (4), 539–566. https://www.jstor. org/stable/248431
• Clatworthy, M. A., & Peel, M. J. (2013). The impact of voluntary audit and governance character-istics on accounting errors in private companies. Journal of Accounting and Public Policy, 32 (3), 1–25. https://doi.org/10.1016/j.jaccpubpol.2013.02.005
• Croson, R., & Gneezy, U. (2009). Gender differences in preferences. Journal of Economic Literature, 47 (2), 448–474. https://doi.org/10.1257/jel.47.2.448
• Dahlerup, D. (2002). Three waves of feminism in Denmark. In G. Griffin & R. Braidotti (Eds.), Thinking differently: A reader in European women’s studies (pp. 341–350). Zed.
• Daily, C. M., Certo, S. T., & Dalton, D. R. (1999). A decade of corporate women: Some progress in the boardroom, none in the executive suite. Strategic Management Journal, 20 (1), 93–100. https://doi.org/10.1002/(SICI)1097-0266 (199901)20:1%26#x003C;93::AID-SMJ18% 26#x003E;3.0.CO;2-7
• Daily, C. M., & Dalton, D. R. (2003). Women in the boardroom: A business imperative. Journal of Business Strategy, 24(5), 8–9. https://doi.org/10.1108/jbs.2003.28824eaf.002
• Dobija, D., Hryckiewicz, A., Zaman, M., & Puławska, K. (2021). Critical mass and voice: Board gender diversity and financial reporting quality. European Management Journal. Forthcoming. https://doi.org/10.1016/j.emj.2021.02.005
• Dou, Y., Sahgal, S., & Zhang, E. J. (2015). Should independent directors have term limits? The role of experience in corporate governance. Financial Management, 44 (3), 583–621. https://doi.org/ 10.1111/fima.12091
• Dyck, A., & Zingales, L. (2002). The corporate governance role of the media. In.R Islam(Ed.), The right to tell: The role of the Media in Development (pp. 2002). The World Bank.
• Eagly, A. H. (2007). Female leadership advantage and disadvantage: Resolving the contradictions. Psychology of Women Quarterly, 31 (1), 1–12. https://doi.org/10.1111/j.1471-6402.2007.00326.x
• Eagly, A. H., & Johnson, B. T. (1990). Gender and leadership style: A meta-analysis. Psychological Bulletin, 108 (2), 233. https://doi.org/10.1037/0033-2909.108.2.233 160C.
• Fama, E. F., & Jensen, M. C. (1983). Separation of ownership and control. The Journal of Law & Economics, 26(2), 301–325. https://doi.org/10.1086/467037
• Ferris, S. P., Jagannathan, M., & Pritchard, A. C. (2003). Too busy to mind the business? Monitoring by directors with multiple board appointments. The Journal of Finance, 58 (3), 1087–1111. https://doi.org/10.1111/1540-6261.00559
• Fich, E. M., & Shivdasani, A. (2007). Financial fraud, director reputation, and shareholder wealth. Journal of Financial Economics, 86 (2), 306–336. https://doi.org/10.1016/j.jfineco.2006.05.012
• Fich, E., & Shivdasani, A. (2006). Are Busy Boards Effective Monitors? The Journal of Finance, 61 (2), 689–724. https://doi.org/10.1111/j.1540-6261.2006.00852.x
• Fondas, N., & Sassalos, S. (2000). A different voice in the boardroom: How the presence of women directors affects board influence over management. Global Focus, 12 (2), 13–22.
• Frankel, R. M., Johnson, M. F., & Nelson, K. K. (2002). The relation between auditors’ fees for nonaudit services and earnings management. The Accounting Review, 77 (s–1), 71–105. https:// doi.org/10.2308/accr.2002.77.s-1.71
• Freeman, R. E. (1984). Strategic management: A stakeholder theory. Journal of Management Studies, 39 (1), 1–21.
• García-Izquierdo, A. L., Fernández-Méndez, C., & Arrondo-García, R. (2018). Gender diversity on boards of directors and remuneration committees: The influence on listed companies in Spain. Frontiers in Psychology, 9, 1351. https://doi.org/10.3389/fpsyg.2018.01351
• Gavious, I., Segev, E., & Yosef, R. (2012). Female directors and earnings management in high- technology firms. Pacific Accounting Review, 24 (1), 4–32. https://doi.org/10.1108/ 01140581211221533
• Gong, G., Li, L. Y., & Yin, H. (2019). Relative performance evaluation and the timing of earnings release. Journal of Accounting and Economics, 67 (2–3), 358–386. https://doi.org/10.1016/j.jac ceco.2019.03.002
• Gopalan, S., & Watson, K. (2015). An agency theoretical approach to corporate board diversity. The San Diego Law Review, 52 (1), 1–66. https://digital.sandiego.edu/cgi/viewcontent.cgi?arti cle=1123&context=sdlr
• Gray, T. (2015). Quota Mechanics in Panamá, 1999–2014: Se obedece, pero no se Cumple. Bulletin of Latin American Research, 34(3), 289–304. https://doi.org/10.1111/blar.12327
• Gul, F. A., Srinidhi, B., & Ng, A. C. (2011). Does board gender diversity improve the informative-ness of stock prices? Journal of Accounting and Economics, 51 (3), 314–338. https://doi.org/10. 1016/j.jacceco.2011.01.005
• Gul, F. A., Srinidhi, B., & Tsui, J. S. (2008). Board diversity and the demand for higher audit effort. SSRN 1359450.
• Gull, A. A., Nekhili, M., Nagati, H., & Chtioui, T. (2018). Beyond gender diversity: How specific attributes of female directors affect earnings management. The British Accounting Review, 50 (3), 255–274. https://doi.org/10.1016/j.bar.2017.09.001
• Gyapong, E., Monem, R. M., & Hu, F. (2016). Do women and ethnic minority directors influence firm value? Evidence from post-apartheid South Africa. Journal of Business Finance and Accounting, 43 (3–4), 370–413. https://doi.org/10.1111/jbfa.12175
• Hambrick, D. C., & Mason, P. A. (1984). Upper echelons: The organization as a reflection of its top managers. The Academy of Management Review, 9 (2), 193–206. https://doi.org/10.2307/258434
• Harris, I. C., & Shimizu, K. (2004). Too busy to serve? An examination of the influence of overboarded directors. Journal of Management Studies, 41(5), 775–798. https://doi.org/10. 1111/j.1467-6486.2004.00453.x
• Hay, D. C., Knechel, W. R., & Wong, N. (2006). Audit fees: A meta-analysis of the effect of supply and demand attributes. Contemporary Accounting Research, 23 (1), 141–191. https://doi.org/10. 1506/4XR4-KT5V-E8CN-91GX
• Heidenreich, V. (2013). Consequences of the Norwegian gender quota regulation for public limited company boards. In Machold, S. (Ed.), Getting women on to corporate boards. Edward Elgar Publishing.
• Heminway, J. M. (2007). Sex, trust, and Corporate boards. Hastings Women’s Law Journal, 18(2), 173–198. https://repository.uchastings.edu/cgi/viewcontent.cgi?article=1307&context=hwlj
• Higgs, D. (2003). Review of the effectiveness of non executive directors. Department of Trade and Industry.
• Hili, W., & Affes, H. (2012). Corporate boards gender diversity and earnings persistence: The case of French listed firms. Global Journal of Management and Business Research, 12 (22), 51–59. https://journalofbusiness.org/index.php/GJMBR/article/view/919
• Hillman, A. J., & Dalziel, T. (2003). Boards of directors and firm performance: Integrating agency and resource dependence perspectives. Academy of Management Review, 28 (3), 383–396. https://doi.org/10.2307/30040728
• Hillman, A. J., Shropshire, C., & Cannella, A. A., Jr. (2007). Organizational predictors of women on corporate boards. Academy of Management Journal, 50 (4), 941–952. https://doi.org/10.5465/ amj.2007.26279222
• Ismael, H. R., & Roberts, C. (2018). Factors affecting the voluntary use of internal audit: Evidence from the UK. Managerial Auditing Journal, 33 (3), 288–317. https://doi.org/10.1108/MAJ-08- 2016-1425
• Ittonen, K., Miettinen, J., & Vähämaa, S. (2010). Does female representation on audit committees affect audit fees? Quarterly Journal of Finance and Accounting, 49 (3–4), 113–139. https://www. jstor.org/stable/23074633
• Jensen, M. C., & Meckling, W. H. (1976). Theory of the firm: Managerial behavior, agency costs and ownership structure. Journal of Financial Economics, 3 (4), 305–360. https://doi.org/10. 1016/0304-405X(76)90026-X
• Jia, M., & Zhang, Z. (2013). Critical mass of women on BODs, multiple identities, and corporate philanthropic disaster response: Evidence from privately owned Chinese firms. Journal of Business Ethics, 118 (2), 303–317. https://doi.org/10.1007/s10551-012-1589-7
• Johannisson, B., & Huse, M. (2000). Recruiting outside board members in the small family business: An ideological challenge. Entrepreneurship and Regional Development, 12 (4), 353–378. https://doi.org/10.1080/08985620050177958
• Kanter, R. (1977). Men and women of the corporation. Basic Books.
• Kaplan, S., Pany, K., Samuels, J., & Zhang, J. (2009). An examination of the association between gender and reporting intentions for fraudulent financial reporting. Journal of Business Ethics, 87 (1), 15–30. https://doi.org/10.1007/s10551-008-9866-1
• Kesner, I. F. (1988). Directors’ characteristics and committee membership: An investigation of type, occupation, tenure, and gender. Academy of Management Journal, 31 (1), 66–84. https:// doi.org/10.5465/256498
• Khazanchi, D. (1995). Unethical behavior in information systems: The gender factor. Journal of Business Ethics, 14 (9), 741–749. https://doi.org/10.1007/BF00872327
• Kibiya, M. U., Che-Ahmad, A., & Amran, N. A. (2016). Audit committee independence, financial expertise, share ownership and financial reporting quality: Further evidence from Nigeria. International Journal of Economics and Financial Issues, 6 (7S), 125–131. https://www.econjour nals.com/index.php/ijefi/article/view/3593/pdf
• Konrad, A. M., Kramer, V., & Erkut, S. (2008). The impact of three or more women on corporate boards. Organizational Dynamics, 37 (2), 145–164. https://doi.org/10.1016/j.orgdyn. 2008.02.005
• Kothari, S. P., Leone, A. J., & Wasley, C. E. (2005). Performance matched discretionary accruals measures. Journal of Accounting and Economics, 39 (1), 163–197. https://doi.org/10.1016/j.jac ceco.2004.11.002
• Kravitz, D. A. (2003). More women in the workplace: Is there a payoff in firm performance? Academy of Management Perspectives, 17 (3), 148–149. https://doi.org/10.5465/ame.2003. 19198794
• Krishnan, G. V., & Parsons, L. M. (2008). Getting to the bottom line: An exploration of gender and earnings quality. Journal of Business Ethics, 78 (1), 65–76. https://doi.org/10.1007/s10551-006-9314-z
• Kristie, J. (2011). The power of three. Directors & Boards, 35(5), 22–32.Krüger, P. (2009). Corporate social responsibility and the board of directors. Job Market Paper. Toulouse School of Economics, France.162C.
• Kyaw, K., Olugbode, M., & Petracci, B. (2015). Does gender diverse board mean less earnings management? Finance Research Letters, 14, 135–141. https://doi.org/10.1016/j.frl.2015.05.006
• Lai, K. M., Srinidhi, B., Gul, F. A., & Tsui, J. S. (2017). Board gender diversity, auditor fees, and auditor choice. Contemporary Accounting Research, 34 (3), 1681–1714. https://doi.org/10.1111/ 1911-3846.12313
• Lara, J. M. G., Osma, B. G., Mora, A., & Scapin, M. (2017). The monitoring role of female directors over accounting quality. Journal of Corporate Finance, 45, 651–668. https://doi.org/10.1016/j. jcorpfin.2017.05.016
• Leblanc, R. (2005). Assessing board leadership. Corporate Governance: An International Review, 13 (5), 654–666. https://doi.org/10.1111/j.1467-8683.2005.00457.x
• Lettendre, L. (2004). The dynamics of the boardroom. Academy of Management Executive, 18 (1), 101–104. https://www.jstor.org/stable/4166042
• Liu, Y., Wei, Z., & Xie, F. (2014). Do women directors improve firm performance in China? Journal of Corporate Finance, 28, 169–184. https://doi.org/10.1016/j.jcorpfin.2013.11.016
• Loukil, L. (2014). Audit committees and audit fees: An empirical study in large French listed companies. Journal of Accounting. Business and Management (JABM), 21 (2), 36–53. http:// journal.stie-mce.ac.id/index.php/jabminternational/article/view/184
• Lundeberg, M. A., Fox, P. W., & Punćcohaŕ, J. (1994). Highly confident but wrong: Gender differences and similarities in confidence judgments. Journal of Educational Psychology, 86 (1), 114. https://doi.org/10.1037/0022-0663.86.1.114
• Luo, J.-H., Xiang, Y., & Huang, Z. (2017). Female directors and real activities manipulation: Evidence from China. China Journal of Accounting Research, 10 (2), 141–166. https://doi.org/ 10.1016/j.cjar.2016.12.004
• Mactsa, D. A., & Miller, A. R. (2013). A female style in corporate leadership? Evidence from quotas. American Economic Journal. Applied Economics, 5 (3), 136–169. https://www.aeaweb. org/articles?id=10.1257/app.5.3.136
• Man, C.-K., & Wong, B. (2013). Corporate governance and earnings management: A survey of literature. Journal of Applied Business Research (JABR), 29 (2), 391–418. https://doi.org/10. 19030/jabr.v29i2.7646
• Mason, E. S., & Mudrack, P. E. (1996). Gender and ethical orientation: A test of gender and occupational socialization theories. Journal of Business Ethics, 15 (6), 599–604. https://doi.org/ 10.1007/BF00411793
• McDonald, S. (2011). What you know or who you know? Occupation-specific work experience and job matching through social networks. Social Science Research, 40 (6), 1664–1675. https:// doi.org/10.1016/j.ssresearch.2011.06.003
• Mendelberg, T., Karpowitz, C. F., & Oliphant, J. B. (2014). Gender inequality in deliberation: Unpacking the black box of interaction. Perspectives on Politics, 12 (1), 18–44. https://doi.org/10. 1017/S1537592713003691
• Miglani, S., & Ahmed, K. (2019). Gender diversity on audit committees and its impact on audit fees: Evidence from India. Accounting Research Journal, 32 (4), 568–586. https://doi.org/10. 1108/ARJ-01-2018-0001
• Mohrmann, U., Stefani, U., & Hess, B. (2017, July 26). Audit market regulation around the world: Descriptive evidence, market structure, and audit quality. SSRN Working paper. http://dx.doi. org/10.2139/ssrn.2434444
• Moscovici, S. (1985). Innovation and minority influence. In S. Moscovici, G. Mugny, & E. Van Avermaet (Eds.), Perspectives on minority influence (pp. 9–51). Cambridge University Press.
• Mustafa, A. S., Che-Ahmad, A., & Chandren, S. (2018). Board diversity, audit committee char-acteristics and audit quality: The moderating role of control-ownership wedge. Business and Economic Horizons (BEH), 14 (1232–2019–858), 587–614. https://doi.org/10.15208/beh.2018.42
• Niederle, M., & Vesterlund, L. (2007). Do women shy away from competition? Do men compete too much? The Quarterly Journal of Economics, 122 (3), 1067–1101. https://doi.org/10.1162/qjec. 122.3.1067
• Nielsen, S., & Huse, M. (2010). The contribution of women on boards of directors: Going beyond the surface. Corporate Governance: An International Review, 18 (2), 136–148. https://doi.org/10. 1111/j.1467-8683.2010.00784.x
• Oakley, J. G. (2000). Gender-based barriers to senior management positions: Understanding the scarcity of female CEOs. Journal of Business Ethics, 27 (4), 321–334. https://doi.org/10.1023/ A:1006226129868
• Oradi, J., & Darjezi, J. I. Z. (2019). Audit committee gender diversity and financial reporting: Evidence from restatements. Managerial Auditing Journal, 35 (1), 67–92. https://doi.org/10. 1108/MAJ-10-2018-2048
• Parmar, B. L., Freeman, R. E., Harrison, J. S., Wicks, A. C., Purnell, L., & De Colle, S. (2010). Stakeholder theory: The state of the art. Academy of Management Annals, 4 (1), 403–445. https:// doi.org/10.5465/19416520.2010.495581
• Peng, Q. (2007). Two essays on women executives and corporate decisions [Doctoral dissertation, The hong Kong University of Science and Technology]. HKUST SPD Institutional Repository. http://hdl.handle.net/1783.1/6989
• Peni, E., & Vähämaa, S. (2010). Female executives and earnings management. Managerial Finance, 36 (7), 629–645. https://doi.org/10.1108/03074351011050343
• Petersen, M. A. (2009). Estimating Standard Errors in Finance Panel Data Sets: Comparing Approaches. The Review of Financial Studies, 22 (1), 435–480. https://doi.org/10.1093/rfs/ hhn053
• Post, C., & Byron, K. (2015). Women on boards and firm financial performance: A meta-analysis. Academy of Management Journal, 58 (5), 1546–1571. https://doi.org/10.5465/ amj.2013.0319
• Post, C., Rahman, N., & Rubow, E. (2011). Green governance: Boards of directors’ composition and environmental corporate social responsibility. Business and Society, 50 (1), 189–223. https:// doi.org/10.1177/0007650310394642
• Powell, M., & Ansic, D. (1997). Gender differences in risk behaviour in financial decision-making: An experimental analysis. Journal of Economic Psychology, 18 (6), 605–628. https://doi.org/10. 1016/S0167-4870(97)00026-3
• Pucheta-Martínez, M. C., Bel-Oms, I., & Olcina-Sempere, G. (2016). Corporate governance, female directors and quality of financial information. Business Ethics: A European Review, 25 (4), 363–385. https://doi.org/10.1111/beer.12123
• Pulford, B. D., & Colman, A. M. (1997). Overconfidence: Feedback and item difficulty effects. Personality and Individual Differences, 23 (1), 125–133. https://doi.org/10.1016/S0191-8869(97) 00028-7
• Selby, C. C. (2000). From male locker room to co-ed board room: A twenty-five year perspective. In R. J. Burke & M. C. Mattis (Eds.), Women on corporate boards of directors (pp. 239–251). Kluwer Academic Publishers.
• Sellami, Y. M., & Cherif, I. (2020). Female audit committee directorship and audit fees. Managerial Auditing Journal, 35 (3), 398–428. https://doi.org/10.1108/MAJ-12-2018-2121
• Sheridan, A., Ross-Smith, A., & Lord, L. (2014). Institutional influences on women’s representa-tion on corporate boards. Equality, Diversity and Inclusion: An International Journal, 33 (2), 140–159. https://doi.org/10.1108/EDI-05-2013-0029
• Simon, C. J., & Warner, J. T. (1992). Matchmaker, matchmaker: The effect of old boy networks on job match quality, earnings, and tenure. Journal of Labor Economics, 10 (3), 306–330. https://doi. org/10.1086/298289
• Simunic, D. A. (1980). The pricing of audit services: Theory and evidence. Journal of Accounting Research, 18 (1), 161–190. https://doi.org/10.2307/2490397
• Singh, A., Singh, H., Sultana, N., & Evans, J. (2019). Independent and joint effects of audit partner tenure and non-audit fees on audit quality. Journal of Contemporary Accounting and Economics, 15 (2), 186–205. https://doi.org/10.1016/j.jcae.2019.04.005
• Skinner, D. J., & Abd Sloan, R. G. (2002). Earnings surprises, growth expectations, and stock returns, or don’t let an earnings torpedo sink your portfolio. Review of Accounting Studies, 7 (2– 3), 289–312. https://doi.org/10.1023/A:1020294523516 164C.
• Srinidhi, B., Gul, F. A., & Tsui, J. (2011). Female directors and earnings quality. Contemporary Accounting Research, 28 (5), 1610–1644. https://doi.org/10.1111/j.1911-3846.2011.01071.x
• Srinivasan, S. (2005). Consequences of financial reporting failure for outside directors: Evidence from accounting restatements and audit committee members. Journal of Accounting Research, 43 (2), 291–334. https://doi.org/10.1111/j.1475-679x.2005.00172.x
• Sun, J., Liu, G., & Lan, G. (2011). Does female directorship on independent audit committees constrain earnings management? Journal of Business Ethics, 99 (3), 369–382. https://doi.org/10. 1007/s10551-010-0657-0
• Szydło, M. (2015). Gender equality on the boards of EU companies: Between economic efficiency, fundamental rights and democratic legitimisation of economic governance. European Law Journal, 21 (1), 97–115. https://doi.org/10.1111/eulj.12074
• Terjesen, S., & Sealy, R. (2016). Board gender quotas: Exploring ethical tensions from a multi-theoretical perspective. Business Ethics Quarterly, 26 (1), 23–65. https://doi.org/10.1017/ beq.2016.7
• Thiruvadi, S., & Huang, H. W. (2011). Audit committee gender differences and earnings management. Gender in Management: An International Journal, 26 (7), 483–498. https://doi. org/10.1108/17542411111175469
• Tienari, J., Holgersson, C., Meriläinen, S., & Höök, P. (2009). Gender, management and market discourse: The case of gender quotas in the Swedish and Finnish media. Gender, Work, and Organization, 16 (4), 501–521. https://doi.org/10.1111/j.1468-0432.2009.00453.x
• Tsui, J. S., Jaggi, B., & Gul, F. A. (2001). CEO domination, growth opportunities, and their impact on audit fees. Journal of Accounting, Auditing and Finance, 16 (3), 189–208. https://doi.org/10. 1177/0148558X0101600303
• Upadhyay, A., & Zeng, H. (2014). Gender and ethnic diversity on boards and corporate informa-tion environment. Journal of Business Research, 67 (11), 2456–2463. https://doi.org/10.1016/j. jbusres.2014.03.005
• Williams, R. J. (2003). Women on corporate boards of directors and their influence on corporate philanthropy. Journal of Business Ethics, 42 (1), 1–10. https://doi.org/10.1023/A:1021626024014Appendix