This page has only limited features, please log in for full access.
We investigate whether female executives influence corporate environmental management (green management). Based on a difference-in-difference approach, our study provides evidence that female CFOs conduct more environmentally responsible activities, and the effects are more prominent when firms are of high risks. Female CFOs are more likely to involve in environmental management voluntarily. Further, environmental management improves firm performance such as debt cost saving. This research advances the gender diversity literature and suggests that female executives play an important role in corporate decisions and firm performance.
Bo Wang; Zehui Wang; Jun Wen; Xiaotian Zhang. Executive Gender and Firm Environmental Management: Evidence from CFO Transitions. Sustainability 2021, 13, 3653 .
AMA StyleBo Wang, Zehui Wang, Jun Wen, Xiaotian Zhang. Executive Gender and Firm Environmental Management: Evidence from CFO Transitions. Sustainability. 2021; 13 (7):3653.
Chicago/Turabian StyleBo Wang; Zehui Wang; Jun Wen; Xiaotian Zhang. 2021. "Executive Gender and Firm Environmental Management: Evidence from CFO Transitions." Sustainability 13, no. 7: 3653.
We posit that outsourcing flexibility helps overcome financial constraints and provide evidence concerning the role of financial constraints and its interaction with operational flexibility on the likelihood and market value of outsourcing. We find that the likelihood of outsourcing is higher the greater the firm's financial constraints prior to outsourcing and that the effect of financial constraints on the likelihood of outsourcing is greater the lower the ex-ante operational flexibility, suggesting partial substitution between financial and operational flexibility. We further show that the market value impact of outsourcing announcements is predominantly positive confirming net flexibility gains positively related to ex-ante financial constraints. Our findings suggest that outsourcing is a vehicle for flexibility acquisition and that financial constraints play a prominent role.
Jongm Oo Jay Choi; Ming Ju; Lenos Trigeorgis; Xiaotian Tina Zhang. Outsourcing flexibility under financial constraints. Journal of Corporate Finance 2021, 67, 101890 .
AMA StyleJongm Oo Jay Choi, Ming Ju, Lenos Trigeorgis, Xiaotian Tina Zhang. Outsourcing flexibility under financial constraints. Journal of Corporate Finance. 2021; 67 ():101890.
Chicago/Turabian StyleJongm Oo Jay Choi; Ming Ju; Lenos Trigeorgis; Xiaotian Tina Zhang. 2021. "Outsourcing flexibility under financial constraints." Journal of Corporate Finance 67, no. : 101890.