The role of female directors in family firms' annual report's readability

Abinzano Guillén, María Isabel; Garcés Galdeano, Lucía; Martínez García, Beatriz

Publication:
The role of female directors in family firms' annual report's readability

dc.contributor.author	Abinzano Guillén, María Isabel
dc.contributor.author	Garcés Galdeano, Lucía
dc.contributor.author	Martínez García, Beatriz
dc.contributor.department	Gestión de Empresas	es_ES
dc.contributor.department	Enpresen Kudeaketa	eu
dc.contributor.department	Institute for Advanced Research in Business and Economics - INARBE	en
dc.date.accessioned	2024-10-04T09:44:45Z
dc.date.available	2024-10-04T09:44:45Z
dc.date.issued	2024
dc.date.updated	2024-10-04T09:19:46Z
dc.description.abstract	Purpose: this paper investigates the impact of board gender diversity on the readability of the annual reports of family-controlled public companies. Design/methodology/approach: grounded in the premises of the restricted and extended views of the socioemotional wealth (SEW) approach and executive power theory, this paper explores the ways in which family-affiliated female directors influence report readability in a sample of 133 publicly traded US companies listed in the Fortune 1,000. We use the system GMM estimator, which deals with two key sources of endogeneity by controlling first for reverse causality, using the lags of the endogenous variables as instruments, and then for omitted variables, capturing the individual effect. Findings: our analysis confirms that the significant enhancement in annual report readability is associated with the presence of female family directors, particularly those who are insiders within the company. In contrast, non-family female directors and family outsider directors appear to have a negative impact on annual report readability. Originality/value: while scholars have increasingly focused on variations in annual report readability among family firms, the contribution of female directors to this phenomenon has received minimal attention. In our study, we integrate the theories of restricted and extended SEW perspectives with the theory of women's executive power within the board. This integration is essential for considering two critical factors: firstly, the primacy of their SEW objectives, and, secondly, their legitimacy within the board.	en
dc.description.sponsorship	The authors gratefully acknowledge the funding received through the TED2021-132446B-I00 (MICIN/AEI/10.13039/501100011033) research project and the European Union NextGenerationEU/PRTR, and the PID2020-115018RB-C31 (AEI/FEDER, UE) research project and PID2019-104304GB-I00/AEI/10. 13039/501100011033, by the Spanish Ministry of Science, Innovation and Universities and the European Regional Development Funds
dc.format.mimetype	application/pdf
dc.identifier.citation	Abínzano, I., Garcés-Galdeano, L., Martínez, B. (2024). The role of female directors in family firms' annual report's readability. Baltic Journal of Management, 19(3), 366-384. https://doi.org/10.1108/BJM-01-2023-0005.
dc.identifier.doi	10.1108/BJM-01-2023-0005
dc.identifier.issn	1746-5265
dc.identifier.uri	https://academica-e.unavarra.es/handle/2454/51996
dc.language.iso	eng
dc.publisher	Emerald
dc.relation.ispartof	Baltic Journal of Management (2024), vol. 19, núm. 3
dc.relation.projectID	info:eu-repo/grantAgreement/AEI//TED2021-132446B-I00
dc.relation.projectID	info:eu-repo/grantAgreement/AEI/Plan Estatal de Investigación Científica y Técnica y de Innovación 2017-2020/PID2020-115018RB-C31/ES/
dc.relation.projectID	info:eu-repo/grantAgreement/AEI/Plan Estatal de Investigación Científica y Técnica y de Innovación 2017-2020/PID2019-104304GB-I00/ES/
dc.relation.publisherversion	https://doi.org/10.1108/BJM-01-2023-0005
dc.rights	This is a version of accepted article under the terms of the Creative Commons Attribution NonComercial (CC BY NC) Licence
dc.rights.accessRights	info:eu-repo/semantics/openAccess
dc.rights.uri	https://creativecommons.org/licenses/by-nc/4.0/
dc.subject	Female directors	en
dc.subject	Family firms	en
dc.subject	Socioemotional wealth theory	en
dc.subject	Executive power	en
dc.subject	Readability	en
dc.title	The role of female directors in family firms' annual report's readability	en
dc.type	info:eu-repo/semantics/article
dc.type.version	info:eu-repo/semantics/acceptedVersion
dspace.entity.type	Publication
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