Female directors on the board and investment efficiency: evidence from Korea

Shin, Young Zik; Chang, Jeung‐Yoon; Kyeongmin, Jeon; Kim, Hyunpyo

doi:10.1057/s41291-019-00066-2

Cited by 57 publications

(61 citation statements)

References 101 publications

(176 reference statements)

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“…There exist significant and positive correlations between masculinity, femininity, androgyny, social capital and willingness to choose external financing, which lend significant support to our argument that gender roles significantly influence how female entrepreneurs access social capital and androgyny and masculinity show significantly higher impact on the social capital attainment. One surprising finding from the correlation table is that femininity has a stronger and more significant correlation with willingness to choose external financing than masculinity, which runs counter to previous study findings that female entrepreneurs are risk averse and less inclined to engage external financing for fear of rejection (Shin et al 2019 ). Of course, to be willing to seek external financing is different than to be able to attain external financing.…”

Section: Resultscontrasting

confidence: 88%

Female entrepreneurs’ gender roles, social capital and willingness to choose external financing

Cai

Zhu

et al. 2020

Asian Bus Manage

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From the perspective of gender roles, this study uses social capital as the intermediary variable to study female entrepreneurs’ willingness to choose external financing. We combine social and behavioral sciences and financing theory to explore interactions between gender roles, social capital, and willingness to choose external financing. We elaborate on the intermediary role of social capital between gender roles and external financing. We find differences in gender role types among female entrepreneurs that significantly impact their willingness to choose external financing. Further, the differences among gender role types of female entrepreneurs significantly impact their social capital, which in turn is a significant but not sole factor that mediates their willingness to choose external financing.

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Section: Resultscontrasting

confidence: 88%

Female entrepreneurs’ gender roles, social capital and willingness to choose external financing

Cai

Zhu

et al. 2020

Asian Bus Manage

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“…Since women are generally more conservative and risk-averse than men (Shin et al, 2020), it can be expected that they will be more negatively predisposed than men towards participating in atypical situations, such as an ICT-based selection.…”

Section: H1: As Personnel Selection Tools Svi Will Be Evaluated Lower Than Ti Although Not On Every Dimensionmentioning

confidence: 99%

The Synchronous Video Interviews in Personnel Selection Processes

Balcerak¹,

Woźniak²

2021

ERSJ

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Purpose: The aim of this article is to compare the fairness perception of traditional (face-toface) and synchronous video interviews as personnel selection tools, and an investigation of candidates' characteristics influencing their full acceptance of synchronous video interviews. Design/Methodology/Approach: An e-questionnaire conducted on a large panel in January 2019 consisting of 448 participants with the method of logistic multivariate regression analysis has been used. Findings: Differences in acceptance of traditional and synchronous video interviews as personnel selection tools depend on process favourability and procedural justice dimensions. They are not significant on the dimensions of 'fairness' and 'scientific evidence' and marginally signidicant on 'respect of privacy' and 'interpersonal warmth'. A logistic multivariate regression analysis showed thatof the five potential predictors studiedonly individual innovativeness and previous experience with synchronous video interviews were significant. Demographic factors (gender, age) and test anxiety do not influence acceptance of the synchronous video interview as a personnel selection tool. Practical Implications: The present results suggest that an increase in acceptance of synchronous video interviews as a personnel selection tool is to be expected, especially in the case of innovative candidates. Originality/Value: The present study is one of the first studies in the social justice framework on the Polish population to compare differences in perception of traditional and synchronous video interviews as personnel selection tools.

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“…Meanwhile, the critical aspect of caution manifests the degree of the entity's willingness to take risks, i.e. riskaversion or risk-seeking behavior (Johnson and Powell, 1994;Shin et al, 2020), expanded detail in analysis (Huse and Solberg, 2006;Pucheta-Martínez et al, 2018) and less aggression and less overconfidence (Charness and Gneezy, 2012). Such traits involve the awareness of being able to anticipate possible risks, avoid overestimating assets and earnings, avoid underestimating liabilities and expenses, maintain a high degree of vigilance and minimize the risk of losses (Shin et al, 2020).…”

Section: Introductionmentioning

confidence: 99%

“…riskaversion or risk-seeking behavior (Johnson and Powell, 1994;Shin et al, 2020), expanded detail in analysis (Huse and Solberg, 2006;Pucheta-Martínez et al, 2018) and less aggression and less overconfidence (Charness and Gneezy, 2012). Such traits involve the awareness of being able to anticipate possible risks, avoid overestimating assets and earnings, avoid underestimating liabilities and expenses, maintain a high degree of vigilance and minimize the risk of losses (Shin et al, 2020). Given that the results from prior studies regarding the effect of female directors' proportion on investment efficiency are inconsistent (Hurley and Choudhary, 2020), the present work introduces caution as a mediating factor.…”

Section: Introductionmentioning

confidence: 99%

The influence of female directors proportion on investment efficiency: the mediating role of caution

Saleh

Sun

2021

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Purpose In this study, the authors argue that because of female traits, the proportion of female directors in the board helps the governing body make more cautious decisions, thus improving the investment efficiency of the firm. Therefore, this research aims to propose the mediating role of caution in reexamining the relationship between the proportion of female directors and the efficiency of the investment of a firm. Design/methodology/approach This study uses data on 100 nonfinancial listed firms in Malaysia between 2015 and 2018. The authors use several multivariate regression analyses to test the mediating effect. Findings The result shows that female directors significantly affect investment efficiency. Moreover, the findings in this research confirm the mediating role of caution in the relationship between the proportion of female directors and the efficiency of firm investment. Practical implications This study proves that increasing the proportion of females in the board of directors is an effective governance method to improve the investment efficiency of listed firms in Malaysia. Originality/value In general, this study contributes to the literature by extending the current understanding of risk propensity differences between male and female directors and introducing the concept of caution.

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Female directors on the board and investment efficiency: evidence from Korea

Cited by 57 publications

References 101 publications

Female entrepreneurs’ gender roles, social capital and willingness to choose external financing

Female entrepreneurs’ gender roles, social capital and willingness to choose external financing

The Synchronous Video Interviews in Personnel Selection Processes

The influence of female directors proportion on investment efficiency: the mediating role of caution

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