【摘要】 大量证据显示,高管性别会影响其决策行为和效果。近年来,我国上市公司高管中女性董秘持续增多,出现了"女性董秘崛起"现象。本文以心理学、管理学等相关研究作为理论基础,通过考察董秘性别对信息披露质量的影响,对这一现象进行了理论分析和实证检验。研究发现:董秘性别是影响信息披露质量的重要因素,尽管在上市公司中,女性董秘比例越来越高,然而,女性担任董秘并未导致公司信息披露质量更高,相反其所在公司信息披露质量更低,这种效应在大公司中更为明显。在控制CEO性别、CFO性别和董事会女性比例,以及内生性等影响后,上述结论依然成立。本文的研究对上市公司选聘董秘具有参考意义。更多还原

【Abstract】 Evidence shows that the gender of the executives will affect their decision- making behavior and effect. In recent years,female secretaries in China’s listing corporation executives continued to increase,which is called "the rise of female secretaries"phenomenon. In this paper,based on psychology,management and other related research,we investigate the influence of the gender of the secretaries on the quality of information disclosure,and discovered that the increase in female secretaries did not lead to improvement of the quality of information disclosure,rather significantly reduce the quality of the information disclosure,this effect is more significant in the big corporations. The conclusion remains unchanged after we control the impact of CEO gender,CFO gender,and the proportion of females in board of directors,as well as endogeneity. This study has significance to the listing corporation to hire secretaries.更多还原