Board Gender Diversity and Value of Cash Holdings

• Main Authors: Yu-Chun Su, 蘇郁淳
• Other Authors: Jia-Chi Cheng
• Format: Others
• Language: zh-TW
• Online Access: http://ndltd.ncl.edu.tw/handle/47529270380066680953

碩士 === 元智大學 === 商學碩士班(會計學程) === 101 === This paper examines the association between board gender and value of cash holdings. This study is inspired by current social trend which females play key role in business organization, including managerial positions and members of board. Role of females in organization attracts more and more attention to enterprises and government. Previous studies finds that gender diversity on board of directors is more beneficial and increases higher firm value. In addition, numbers of European companies are required to have certain portion of female members of board by legislation-gender quota system. This study examines the impact of the board gender on firm’s cash holdings and the value of cash holdings. The empirical result shows that companies have less cash holdings with board gender diversity. Furthermore, the result also shows that board gender diversity is positively associated with the value of cash holdings. Therefore, as companies have more cash holdings, the value of cash holdings is higher for those with more female board members.