女性參與企業高層管理團隊與盈餘品質之關聯性研究

本文旨在探討女性參與企業高層管理團隊與企業之盈餘品質之關聯性，以2013年至2016年之中國上市公司為樣本進行研究，觀察中國女性參與企業高層管理團隊(Top Management Team, TMT)是否對盈餘品質有正向提升的作用。以女性董事會成員為核心觀察對象，並加入女性高階經理人觀察其是否會對女性董事與盈餘品質之關係造成調節效果。實證結果顯示女性董事會成員會對盈餘操縱產生抑制的效果，提升盈餘品質，但女性高階經理人並未對女性董事與盈餘品質間的關係產生調節作用。其原因可能係因於中國企業界女性擔任TMT成員尚不夠普及，以至於女性董事與女性高階經理人的互動關係在統計意義尚未達到顯著性的標準。

關鍵字

企業高層管理團隊；女性董事；女性高階經理人；盈餘品質

並列摘要

This study uses information from listed companies in China for a total of four years, 2013 to 2016 to investigate whether earning quality is relevant to the participation of female in Top management team. We use female executive as moderator to observe whether it will affect the result between female directors and earning quality. The results of this study show that female directors are positively and significantly related to the earning quality. This suggests that female directors can inhibit earning management of the company. However, under the circumstance that using female executives as moderator listed above, the relation between female directors and earning quality is reverse. We concern this outcome with unpopular of female serve as Top Management Team members, which eventually results in an insignificant relation between female directors and earning quality.