This study employs leadership contingency theory and resource dependency theory,utilizing financial data from Shanghai and Shenzhen A-share listed companies between 2012 and 2021.Ultimately,data samples from 4,742 com...This study employs leadership contingency theory and resource dependency theory,utilizing financial data from Shanghai and Shenzhen A-share listed companies between 2012 and 2021.Ultimately,data samples from 4,742 companies were selected to empirically examine the impact and moderating role of female executives on corporate digital transformation.Findings reveal that the proportion of female executives positively promotes corporate digital transformation.Further analysis indicates that female executives drive digital transformation by enhancing corporate innovation investment and risk control capabilities.Supported by the heterogeneity analysis,it shows that this effect is more pronounced in high-tech industries,non-state-owned enterprises,and companies in economically developed regions.This study provides a gender-perspective theoretical explanation for the drivers of digital transformation and offers practical insights for optimizing corporate executive teams.展开更多
Using a sample of A-share listed companies in Shanghai and Shenzhen from 2012 to 2023,this paper explores the impact of female executives on financial performance and examines the moderating effect of the degree of di...Using a sample of A-share listed companies in Shanghai and Shenzhen from 2012 to 2023,this paper explores the impact of female executives on financial performance and examines the moderating effect of the degree of digital transformation.The results show that:(1)there is a positive correlation between female executives and financial performance;(2)the improvement in digital transformation inhibits the positive impact of female executives on financial performance.Enterprises should provide more career development opportunities,eliminate gender bias,and select women with leadership qualities to join management,thereby creating value for the organization.Simultaneously,female executives should enhance their awareness of technological innovation and adopt a“digital”mindset.In the wave of the digital economy,they should leverage digital technologies for research,design,production,and operations,seize opportunities for reform,and help enterprises improve quality and efficiency.展开更多
This paper empirically investigates the impact of the proportion of female executives on the financialization of enterprises using a sample of listed companies in the Shanghai and Shenzhen stock markets from 2009-2018...This paper empirically investigates the impact of the proportion of female executives on the financialization of enterprises using a sample of listed companies in the Shanghai and Shenzhen stock markets from 2009-2018.Previous studies tend to conclude that female executives are risk averse,preventing firms from participating in high-risk financial investments.However,the results of this paper show that there is a positive relationship between the proportion of female executives and the degree of corporate financialization,with an increase of 1 percent in the proportion of female executives leading to an increase of 3.8 percent in the degree of corporate financialization.Further tests show that gender inequality is a possible mechanism influencing female executives'financial investment preferences in the unique gender culture context of China.This paper expands the research on the impact of non-institutional factors on corporate financialization,and also points out that unilaterally pursuing an increase in the proportion of female executives does not reduce the risk of corporate financialization,and that only an overall increase in the proportion of female executives can reduce the risk of corporate financialization.Improving gender equality at the social level can fundamentally reflect women's risk aversion characteristics and encourage enterprises to make more stable investment decisions.展开更多
文摘This study employs leadership contingency theory and resource dependency theory,utilizing financial data from Shanghai and Shenzhen A-share listed companies between 2012 and 2021.Ultimately,data samples from 4,742 companies were selected to empirically examine the impact and moderating role of female executives on corporate digital transformation.Findings reveal that the proportion of female executives positively promotes corporate digital transformation.Further analysis indicates that female executives drive digital transformation by enhancing corporate innovation investment and risk control capabilities.Supported by the heterogeneity analysis,it shows that this effect is more pronounced in high-tech industries,non-state-owned enterprises,and companies in economically developed regions.This study provides a gender-perspective theoretical explanation for the drivers of digital transformation and offers practical insights for optimizing corporate executive teams.
文摘Using a sample of A-share listed companies in Shanghai and Shenzhen from 2012 to 2023,this paper explores the impact of female executives on financial performance and examines the moderating effect of the degree of digital transformation.The results show that:(1)there is a positive correlation between female executives and financial performance;(2)the improvement in digital transformation inhibits the positive impact of female executives on financial performance.Enterprises should provide more career development opportunities,eliminate gender bias,and select women with leadership qualities to join management,thereby creating value for the organization.Simultaneously,female executives should enhance their awareness of technological innovation and adopt a“digital”mindset.In the wave of the digital economy,they should leverage digital technologies for research,design,production,and operations,seize opportunities for reform,and help enterprises improve quality and efficiency.
基金the Major Program of the National Social Science Fund of China“Study on Building a Community of a Shared Future between China and ASEAN in the Context of Accelerated Evolution of the Great Changes”(23&ZD333)The Bagui Scholars Program of Guangxi Zhuang Autonomous Region China-ASEAN Big Data Research"(2019A39).
文摘This paper empirically investigates the impact of the proportion of female executives on the financialization of enterprises using a sample of listed companies in the Shanghai and Shenzhen stock markets from 2009-2018.Previous studies tend to conclude that female executives are risk averse,preventing firms from participating in high-risk financial investments.However,the results of this paper show that there is a positive relationship between the proportion of female executives and the degree of corporate financialization,with an increase of 1 percent in the proportion of female executives leading to an increase of 3.8 percent in the degree of corporate financialization.Further tests show that gender inequality is a possible mechanism influencing female executives'financial investment preferences in the unique gender culture context of China.This paper expands the research on the impact of non-institutional factors on corporate financialization,and also points out that unilaterally pursuing an increase in the proportion of female executives does not reduce the risk of corporate financialization,and that only an overall increase in the proportion of female executives can reduce the risk of corporate financialization.Improving gender equality at the social level can fundamentally reflect women's risk aversion characteristics and encourage enterprises to make more stable investment decisions.
