Female executives and innovation quality: the moderating role of board independence and financing constraints
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https://doi.org/10.14419/3n7axb44
Received date: March 28, 2025
Accepted date: May 4, 2025
Published date: May 15, 2025
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Female Executives; Innovation Quality; Corporate Governance; Board Independence; Financing Constraints; China -
Abstract
This study investigates the relationship between female executives and corporate innovation quality, with a particular focus on the moderating roles of board independence and financing constraints. Using panel data from Chinese publicly listed firms between 2012 and 2021, I employ Random-effects, Fixed-effects, and Poisson count models to examine the impact of female executives on innovation quality. Our findings reveal a negative effect of female executives on innovation quality. However, this negative relationship is mitigated by higher board independence, suggesting that an independent board provides strategic oversight and support that alleviates the adverse effects of female leadership on innovation outcomes. In contrast, financing constraints exacerbate the negative impact, highlighting the compounding chal-lenges of limited resources on the innovation-related decisions of female executives. These findings offer novel insights into the interplay of gender, governance, and financial constraints in shaping corporate innovation performance, providing valuable implications for firms seeking to optimize governance structures and resource allocation to enhance innovation quality in diverse leadership contexts.
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How to Cite
Pu, T. (2025). Female executives and innovation quality: the moderating role of board independence and financing constraints. International Journal of Accounting and Economics Studies, 12(1), 85-91. https://doi.org/10.14419/3n7axb44