Female directors and acquisitions: Australian evidence
Article
Article Title | Female directors and acquisitions: Australian evidence |
---|---|
ERA Journal ID | 32913 |
Article Category | Article |
Authors | Lucas, Ryley (Author), Gunasekarage, Abeyratna (Author), Shams, Syed (Author) and Edirisuriya, Piyadasa (Author) |
Journal Title | Pacific-Basin Finance Journal |
Journal Citation | 68 |
Article Number | 101600 |
Number of Pages | 26 |
Year | 2021 |
Publisher | Elsevier |
Place of Publication | Netherlands |
ISSN | 0927-538X |
Digital Object Identifier (DOI) | https://doi.org/10.1016/j.pacfin.2021.101600 |
Web Address (URL) | https://www.sciencedirect.com/science/article/pii/S0927538X21001074 |
Abstract | This study investigates the influence of female directors on the acquisition decisions of Australian companies. We use a dual approach, conducting empirical analyses while exploring the views of industry experts with extensive acquisition experience. We find that the market perceives acquisitions conducted by acquirers with female board members to be valuecreating decisions. Industry experts believe that female directors apply a broader perspective in evaluating acquisitions without falling into the ‘deal frenzy’ trap, a common occurrence in male directors. Several female directorship traits, combined with enhanced efficiency, contribute to tangible benefits offered by female directors in acquisitions. |
Keywords | female directors; gender-diverse boards; value-creating acquisitions; acquisition efficiency; female directorship traits |
ANZSRC Field of Research 2020 | 380102. Behavioural economics |
380108. Health economics | |
380107. Financial economics | |
Public Notes | Files associated with this item cannot be displayed due to copyright restrictions. |
Byline Affiliations | Monash University |
School of Business | |
Institution of Origin | University of Southern Queensland |
https://research.usq.edu.au/item/q6712/female-directors-and-acquisitions-australian-evidence
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