The Impact Of Female Executives And Accounting Conservatism On Enterprise Innovation

Based on the upper echelons theory,human capital theory,resource dependence theory and principal agency theory,this dissertation mainly researches the influence of female executives on enterprise innovation,by dividing enterprise innovation into two dimensions:innovation investment and innovation performance,and also investigates the mediating role and the moderating effect of accounting conservatism in the correlation between female executives and enterprise innovation.According to the data of A-share listed companies in Shenzhen Stock Exchange and Shanghai Stock Exchange from 2009 to 2016.the thesis empirically tests whether female executives have a different influence on corporate innovation investment and innovation performance,and further examines how accounting conservatism can affect these impacts.The research results show that female executives are negatively related to the scale of innovation investment,but positively connected with the performance of innovation.Furthermore,accounting conservatism acts significantly as a mediator in the negative relationship between women executives and R&D expenditure,but has a positive moderating effect on the improving power of female executives to innovation performance.The conclusions of this dissertation not only enrich the research dimension of corporate innovation,using data envelopment analysis(DEA)method to measure innovation performance,but also supplement the empirical results about the microeconomic consequences of accounting conservatism and efficiently fill the research gaps on the internal mechanism of female executives' influence upon corporate innovation,pointing out that accounting conservatism plays an important mediating role and has a critical moderating effect in the correlation between women executives' participation and corporate innovation.In addition,the conclusion of this paper also has considerable realistic value and great practical meaning in improving corporate governance,promoting enterprise innovation and the choice of accounting policies.