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Female Executives Leadership on Non-Efficiency Investment of Private Listed Companied in China

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  • Mengyi Fan
  • Wasi Phromthiphakkul

Abstract

The purpose of this paper is to study the relationship between female executives and non-efficient investment behavior in enterprises. The data of China's private listed companies from 2016 to 2017 were selected for empirical study, the variables of the model were defined and measured. The author designs the current research to be mixed methods research, qualitative and quantitative research approach. The results show that- (1) increase in the proportion of female CEOs relative to female executives can significantly inhibit non-efficient investment; (2) the level of education has a significant moderating effect on both female executives and the non-efficient investment of female CEOs and companies; (3) Social capital has a moderating effect on the non-efficient investment of female executives and enterprises, but has no significant effect on the gender of CEOs and non-efficient investment of enterprises. The conclusion of this study can better break the bottleneck of female workplace, develop the leadership of female executives in a targeted way, and improve the management level and performance of enterprises through the relationship between female executives and non-efficient investment behaviors of enterprises.

Suggested Citation

  • Mengyi Fan & Wasi Phromthiphakkul, 2021. "Female Executives Leadership on Non-Efficiency Investment of Private Listed Companied in China," International Business Research, Canadian Center of Science and Education, vol. 14(3), pages 1-53, March.
    • Handle: RePEc:ibn:ibrjnl:v:14:y:2021:i:3:p:53
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    References listed on IDEAS

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    1. Myers, Stewart C. & Majluf, Nicholas S., 1984. "Corporate financing and investment decisions when firms have information that investors do not have," Journal of Financial Economics, Elsevier, vol. 13(2), pages 187-221, June.
    2. Roll, Richard, 1986. "The Hubris Hypothesis of Corporate Takeovers," The Journal of Business, University of Chicago Press, vol. 59(2), pages 197-216, April.
    3. Rosa, Peter & Carter, Sara & Hamilton, Daphne, 1996. "Gender as a Determinant of Small Business Performance: Insights from a British Study," Small Business Economics, Springer, vol. 8(6), pages 463-478, December.
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    More about this item

    JEL classification:

    • R00 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General - - - General
    • Z0 - Other Special Topics - - General

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