Women as CEO (Chief Executive Officer) and CFO (Chief Financial Officer): influence of female presence on the quality of accruals

Authors

DOI:

https://doi.org/10.5007/2175-8069.2021.e76616

Abstract

The presence of women in the positions of executive board, senior management and councils has pointed to a significant influence in the reduction of company discretionary accruals. The study started from the assumptions evidenced in hypotheses H1a and H1b that companies with female CEO and/or CFO have less discretionary accruals and so, a higher earnings quality. The empirical model was applied to a sample of 170 non-financial companies listed in B3 S/A – Brasil, Bolsa, Balcão from 2013 to 2018. The results reject H1a. The findings do not reject H1b, that is, there was a significant influence of the female CEO with the decrease in the discretion of accruals, which results in better earnings quality. The survey also recorded the total number of women as CEOs and CFOs, with 25 (2.68%) and 72 (7.73%), respectively, totaling 97 women in both positions.

Author Biographies

Sarah Amaral Fabrício, Universidade Federal de Santa Catarina (UFSC)

Mestranda em Contabilidade (UFSC)

Kátia Dalcero, Universidade Federal de Santa Catarina (UFSC)

Doutoranda em Contabilidade (UFSC)

Denize Demarche Minatti Ferreira, Universidade Federal de Santa Catarina (UFSC)

Doutora em Engenharia e Gestão do Conhecimento (UFSC)

Professora do Departamento de Ciências Contábeis (UFSC)

Alex Mussoi Ribeiro, Universidade Federal de Santa Catarina (UFSC)

Doutor em Controladoria e Contabilidade (USP)

Professor do Departamento de Ciências Contábeis (UFSC)

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Published

2021-04-30

How to Cite

Fabrício, S. A., Dalcero, K., Ferreira, D. D. M., & Ribeiro, A. M. (2021). Women as CEO (Chief Executive Officer) and CFO (Chief Financial Officer): influence of female presence on the quality of accruals. Revista Contemporânea De Contabilidade, 18(47), 72–90. https://doi.org/10.5007/2175-8069.2021.e76616

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