Female Executives,Internal Controls And Public Company Violations

With the continuous development of economy and society,the idea of democracy and equality has taken root in the hearts of the people.Traditional patriarchal social thoughts are gradually diminishing,and women’ s social status is gradually being valued,and their status in the workplace is constantly improving.Many European and American countries clearly stipulate the proportion of female executives in their laws to ensure women’s rights in the workplace.With the continuous increase in the proportion of female executives,research on the unique role played by female executives on companies in corporate governance and the impact on the specific behavior of listed companies,especially in the current situation of frequent violations of listed companies appears to be particularly useful Significance,exploring the impact of female executives on corporate governance is becoming a hot topic.Based on the theory of high-level team theory,principal-agent theory,and information asymmetry theory,this article empirically examines the violations of listed companies by female executives based on the series of senior executives and listed company violation data from 2007 to 2017.On this basis,this article further examines the mechanism and action path of female executives’ violations of listed companies:using internal control as an intermediary variable,it examines the intermediary role of internal control in female executives and listed companies’ violations;In the further analysis,we pay attention to the moderating effect of external governance factors,and empirically study the moderating effect of analyst attention,market intermediary organization development and legal environment index,auditor quality,product market competition degree in female executives and listed company violations.And analyze and discuss the above empirical results.The empirical research results show that:(1)Female executives are negatively related to violations of listed companies,and female executives significantly reduce the possibility of listed companies’violations;(2)There is a positive correlation between female executives and internal control,and internal control reduces listing The probability of corporate violations,internal control plays a complete intermediary role between female executives and listed companies’ violations;(3)Among external governance factors,empirical results show that when the company’ s analysts are more concerned,female executives The negative effect of listed companies’ violations will be stronger.The increased attention of analysts has strengthened the effect of female executives on the suppression of listed companies’ violations;when the company’s region has a higher level of legalization and a better legal environment,female executives will have more pressure to restrain listed companies’ violations;when the quality of the auditors hired by the company is better,that is when the company hires the top ten accounting firms,Female executives will have a stronger inhibitory effect on listed companies’ violations;when the market concentration is greater high,the greater the pressure of market competition the company faces,and the degree of product market competition weakens the negative impact of female executives on violations of their superiors.Finally,this article puts forward relevant suggestions on the basis of the research conclusions,in order to better combine theory with practice.This paper deeply discusses the path and mechanism of female executives’ influence on listed companies’ violations.The research results enrich the existing research results on female executives and corporate violations,and improve the research content on corporate governance.Through the above research,it is hoped that it has some practical significance to reduce the irregularities of listed companies and promote the healthy development of capital market.