Does the personal characteristics of the public offering committee members affect the issuance quality? An empirical study based on gender characteristics

References

• Adams, R.B., & Ferreira, D. (2009). Women in the boardroom and their impact on governance and performance. Journal of Financial Economics, 94(2), 291–309. https://doi.org/10.1016/j.jfineco.2008.10.007
   Web of Science ®Google Scholar
• Barua, A., Davidson, L.F., Rama, D.V., & Thiruvadi, S. (2010). CFO gender and accruals quality. Accounting Horizons, 24(1), 25–39. https://doi.org/10.2308/acch.2010.24.1.25
   Web of Science ®Google Scholar
• Cai, C., Li, M., & He, H. (2013). Restraint condition, IPO earnings management and corporate performance—Viewpoint from accruals and real earnings management. Accounting Research, 34(10), 35–42. (In Chinese). CNKI:SUN:KJYJ.0.2013-10-005
   Google Scholar
• Charness, G., & Gneezy, U. (2012). Strong evidence for gender differences in risk taking. Journal of Economic Behavior & Organization, 83(1), 50–58. https://doi.org/10.1016/j.jebo.2011.06.007
   Web of Science ®Google Scholar
• Chen, D.H., Zhang, T.S., & Li, X. (2008). Law environment, government regulation and implicit contract. Economic Research Journal, 43(3), 60–72. (In Chinese). CNKI:SUN:JJYJ.0.2008-03-009
   Google Scholar
• Chen, J., Leung, W.S., & Goergen, M. (2017). The impact of board gender composition on dividend payouts. Journal of Corporate Finance, 43(1), 86–105. https://doi.org/10.1016/j.jcorpfin.2017.01.001
   Web of Science ®Google Scholar
• Chen, Y.S., Zheng, D.J., & Li, L. (2014). Non-SOE IPO firms’ relationship with stock issuance and verification committee, IPO verification and future performance. Accounting Research, 35(2), 12–19. (In Chinese). CNKI:SUN:KJYJ.0.2014-02-003
   Google Scholar
• Cumming, D., Leung, T.Y., & Rui, O. (2015). Gender diversity and securities fraud. Academy of Management Journal, 58(5), 1572–1593. https://doi.org/10.5465/amj.2013.0750
   Web of Science ®Google Scholar
• Dai, Y.Y., Pan, Y., & Chen, J. (2014). Dual sponsors’ reputation, social trust and IPO approval. Journal of Financial Research, 57(6), 146–161. (In Chinese). CNKI:SUN:JRYJ.0.2014-06-010
   Google Scholar
• Dai, Y.Y., Yu, W., Ning, B., & Pan, Y. (2017). Chairman’s communist party member status and financial violations of private enterprises. Accounting Research, 38(6), 75–81. (In Chinese). CNKI:SUN:KJYJ.0.2017-06-012
   Google Scholar
• Darley, W.K., & Smith, R.E. (1995). Gender differences in information processing strategies: Am empirical test of the selectivity model in advertising response. Journal of Advertising, 24(1), 41–56. https://doi.org/10.1080/00913367.1995.10673467
   Web of Science ®Google Scholar
• Dawson, L.M. (1997). Ethical differences between men and women in the sales profession. Journal of Business Ethics, 16(11), 1143–1152. https://doi.org/10.1023/A:1005721916646
   Web of Science ®Google Scholar
• Du, X.Q., Lai, S.J., & Du, Y.J. (2013). ‘Issuance examination committee’ connections, hidden rules and resource allocation efficiency of IPO market. Journal of Financial Research, 56(3), 143–156. (In Chinese). CNKI:SUN:JRYJ.0.2013-03-013
   Google Scholar
• Du, X.Q., Lai, S.J., & Pei, H.M. (2017). Do women top managers always mitigate earning management? —— Evidence from China. Accounting Research, 38(1), 39–45. (In Chinese). CNKI:SUN:KJYJ.0.2017-01-006
   Google Scholar
• Dyreng, S.D., Hanlon, M., & Maydew, E.L. (2010). The effects of executives on corporate tax avoidance. The Accounting Review, 85(4), 1163–1189. https://doi.org/10.2308/accr.2010.85.4.1163
   Web of Science ®Google Scholar
• Eckel, C.C., & Grossman, P.J. (2008). Men, women and risk aversion: Experimental evidence. Handbook of Experimental Economics Results, 17(1), 1061–1073. https://doi.org/10.1016/S1574-0722(07)00113-8
   Google Scholar
• Erat, S., & Gneezy, U. (2012). White lies. Management Science, 58(4), 723–733. https://doi.org/10.1287/mnsc.1110.1449
   Web of Science ®Google Scholar
• Francis, B., Hasan, I., Park, J.C., & Wu, Q. (2015). Gender differences in financial reporting decision making: Evidence from accounting conservatism. Contemporary Accounting Research, 32(3), 1285–1318. https://doi.org/10.1111/1911-3846.12098
   Web of Science ®Google Scholar
• Gao, M., Jiang, J.J., Chen, J., & Liu, Y.Z. (2017). Gender effect, overconfidence and P2P investor behavior. Journal of Financial Research, 60(11), 96–111. (In Chinese). CNKI:SUN:JRYJ.0.2017-11-007
   Google Scholar
• Ge, W., Matsumoto, D., & Zhang, J.L. (2011). Do CFOs Have Style? An Empirical Investigation of the Effect of Individual CFOs. Contemporary Accounting Research, 28(4), 1141–1179. https://doi.org/10.1111/j.1911-3846.2011.01097.x
   Web of Science ®Google Scholar
• Guo, K.M., & Yan, S. (2015). Gender gap in labor market and the related regulations. Economic Research Journal, 50(7), 42–56. (In Chinese). CNKI:SUN:JJYJ.0.2015-07-005
   Google Scholar
• Hambrick, D.C., & Mason, P.A. (1984). Upper echelons: The organization as a reflection of its top managers. The Academy of Management Review, 9(2), 193–206. http://dx.doi.org/10.5465/amr.1984.4277628
   Google Scholar
• He, W.F., & Liu, Q.L. (2010). Research on management background characteristic and financial restatement of Chinese listed firms. Management World, 26(7), 144–155. (In Chinese). https://doi.org/10.19744/j.cnki.11-1235/f.2010.07.014
   Google Scholar
• Ho, S.S.M., Li, A.Y., Tarn, K., & Zhang, F. (2015). CEO gender, ethical leadership, and accounting conservatism. Journal of Business Ethics, 127(2), 351–370. https://doi.org/10.1007/s10551-013-2044-0
   Web of Science ®Google Scholar
• Huang, J., & Li, T. (2016). Earnings management, IPO screening and resource allocation efficiency. Accounting Research, 37(7), 10–18. (In Chinese). CNKI:SUN:KJYJ.0.2016-07-002
   Google Scholar
• Huang, L.H., & Xie, D.R. (2014). Pre-IPO performance pressure, cash flow constraint and implicit choice of development expenditures accounting policy. Nankai Business Review, 17(6), 72–82. (In Chinese). CNKI:SUN:LKGP.0.2014-06-009
   Google Scholar
• Huang, L.H., & Xie, D.R. (2016). Rent seeking in approval-based IPO system——Based on the perspective of the indirect connections between IEC members and underwriters. China Industrial Economics, 34(3), 20–35. (In Chinese). https://doi.org/10.19581/j.cnki.ciejournal.2016.03.003
   Google Scholar
• Jiang, F.X., Yin, Z.H., Su, F., & Huang, L. (2009). Management background characteristics and enterprise overinvestment behavior. Management World, 25(1), 130–139. (In Chinese). https://doi.org/10.19744/j.cnki.11-1235/f.2009.01.015
   Google Scholar
• Jin, Z., Song, S.L., & Yang, X. (2015). The role of female directors in corporate investment in China. Accounting Research, 36(5), 80–86. (In Chinese). CNKI:SUN:KJYJ.0.2015-05-011
   Google Scholar
• Kuang, X.W., & Chen, J. (2011). Board gender diversity, managerial power and demand for external audit. Nankai Management Review, 14(6), 48–56. (In Chinese). CNKI:SUN:LKGP.0.2011-06-007
   Google Scholar
• Li, L., Zhong, W.G., & Wang, Y.F. (2017). Chinese women entrepreneurs development: Present situations, issues and expectations——Questionnaire finding report of the 2505 women entrepreneurs. Management World, 33(11), 50–64. (In Chinese). https://doi.org/10.19744/j.cnki.11-1235/f.2017.11.005
   Google Scholar
• Li, M.C., & Liu, F. (2012a). Social capita, property and listing qualifications——Evidence from the small and medium enterprises board. Management World, 28(11), 110–123. (In Chinese). https://doi.org/10.19744/j.cnki.11-1235/f.2012.11.010
   Google Scholar
• Li, X.R., & Liu, X. (2012b). CEO vs CFO: Gender and stock price crash risk. The Journal of World Economy, 35(12), 102–129. (In Chinese). CNKI:SUN:SJJJ.0.2012-12-009
   Google Scholar
• Lin, C.Q., Mao, X.S., & Liu, K.X. (2016). On the gender of secretary of the board of directors and the quality of information disclosure: Evidence from shanghai and shenzhen A shares market. Journal of Financial Research, 59(9), 193–206. (In Chinese). CNKI:SUN:JRYJ.0.2016-09-013
   Google Scholar
• Liu, Y., & Lv, C.J. (2015). Research on method of IPO earnings management: The case of GUIRENNIAO. Nankai Business Review, 18(6), 81–89. (In Chinese). CNKI:SUN:LKGP.0.2015-06-010
   Google Scholar
• Liu, Y., Wei, Z., & Xie, F. (2014). Do women directors improve firm performance in China? Journal of Corporate Finance, 28(10), 169–184. https://doi.org/10.1016/j.jcorpfin.2013.11.016
   Web of Science ®Google Scholar
• Lu, D., Wan, L.M., & Yang, D. (2015). Why do the performance of listed enterprises in GEM change after IPO? Economic Research Journal, 50(2), 132–144. (In Chinese). CNKI:SUN:JJYJ.0.2015-02-011
   Google Scholar
• Ma, Y.B., Shi, B.B., & Cai, X.N. (2018). Research on the governance role of ultimate controller’ gender. Management World, 34(7), 136–150. (In Chinese). https://doi.org/10.19744/j.cnki.11-1235/f.2018.07.011
   Google Scholar
• Meyers-levy, J. (1989). Gender differences in information processing: A selectivity interpretation. In P. Cafferata & A.M. Tybout (Eds.), Cognitive and affective responses to advertising (pp. 32-33). Lexington Books/DC Heath & Com.
   Google Scholar
• Peni, E., Vahamaa, S., & Yu, S. (2010). Female executives and earnings management. Managerial Finance, 36(7), 629–645. https://doi.org/10.1108/03074351011050343
   Web of Science ®Google Scholar
• Qi, H.J., & Huang, Y.W. (2016). Options of earnings management of IPO company and discrepancy between different market. Accounting Research, 37(8), 34–41. (In Chinese). CNKI:SUN:KJYJ.0.2016-08-005
   Google Scholar
• Sila, V., Gonzalez, A., & Hagendorff, J. (2016). Women on board: Does boardroom gender diversity affect firm risk? Journal of Corporate Finance, 36(1), 26–53. https://doi.org/10.1016/j.jcorpfin.2015.10.003
   Web of Science ®Google Scholar
• Stigler, G.J. (1971). The theory of economic regulation. The Bell Journal of Economics and Management Science, 2(1), 3–21. https://doi.org/10.2307/3003160
   Google Scholar
• Sundén, A.E., & Surette, B.J. (1998). Gender differences in the allocation of assets in retirement savings plans. American Economic Review, 88(2), 207–211. https://www.jstor.org/stable/116920
   Web of Science ®Google Scholar
• Wang, G.J., & Wang, Y.T. (2014). Cash dividend commitment and resource allocation. Economic Research Journal, 49(9), 91–104. (In Chinese). CNKI:SUN:JJYJ.0.2014-09-007
   Google Scholar
• Wang, K.M., Yang, G.C., Liu, J., & Li, X.X. (2015). Research on IPO resource competition, government subsidy and corporate performance. Management World, 31(9), 147–157. (In Chinese). https://doi.org/10.19744/j.cnki.11-1235/f.2015.09.012
   Google Scholar
• Wang, S.H. (2016). A study of the influence of management background characteristics on corporate social responsibility——Empirical evidence from Chinese A-share listed companies. Accounting Research, 37(11), 53–60. (In Chinese). CNKI:SUN:KJYJ.0.2016-11-008
   Google Scholar
• Xu, J., & Huang, Y.N. (2018). Gender identity, marriage and labor behavior within households. Economic Research Journal, 53(4), 136–150. (In Chinese). CNKI:SUN:JJYJ.0.2018-04-011
   Google Scholar
• Yi, Z.H., Li, Y., & Jiang, X.Y. (2015). Female analysts’ coverage and stock return synchronicity. Journal of Financial Research, 58(11), 175–189. (In Chinese). CNKI:SUN:JRYJ.0.2015-11-012
   Google Scholar
• Zhou, Y.A., Zuo, C.Y., & Yuan, X.Y. (2013). Research on gender differences in preferences: From the perspective of experimental economics. The Journal of World Economy, 36(7), 3–27. (In Chinese). CNKI:SUN:SJJJ.0.2013-07-002
   Google Scholar
• Zhu, J.G., & Lu, Z.F. (2012). Financing demand, ownership type and equity financing discrimination: A research based on the issue of going public. Nankai Business Review, 15(4), 141–150. (In Chinese). CNKI:SUN:LKGP.0.2012-04-015
   Google Scholar
• Zhu, J.G., Ye, K.T., & Yan, D. (2012). Risk-avoidance of women directors and firm investment——From the perspective of financial crisis. Finance & Trade Economics, 33(4), 50–58. (In Chinese). https://doi.org/10.19795/j.cnki.cn11-1166/f.2012.04.006
   Google Scholar