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Scientific paper - Original scientific paper
Gender diversity in the boardroom and earnings management during the period of the COVID-19 crisis
Zbornik radova Ekonomskog fakulteta u Rijeci : časopis za ekonomsku teoriju i praksu, 41 (2023), 1; 41-63. https://doi.org/10.18045/zbefri.2023.1.41
Šušak, Toni; Pavić Kramarić, Tomislava; Bartulović, Marijana

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Šušak, T., Pavić Kramarić, T. & Bartulović, M. (2023). Gender diversity in the boardroom and earnings management during the period of the COVID-19 crisis. Zbornik radova Ekonomskog fakulteta u Rijeci : časopis za ekonomsku teoriju i praksu, 41. (1), 41-63. doi: 10.18045/zbefri.2023.1.41

Šušak, Toni, et al. "Gender diversity in the boardroom and earnings management during the period of the COVID-19 crisis." Zbornik radova Ekonomskog fakulteta u Rijeci : časopis za ekonomsku teoriju i praksu, vol. 41, no. 1, 2023, pp. 41-63. https://doi.org/10.18045/zbefri.2023.1.41

Šušak, Toni, Tomislava Pavić Kramarić and Marijana Bartulović. "Gender diversity in the boardroom and earnings management during the period of the COVID-19 crisis." Zbornik radova Ekonomskog fakulteta u Rijeci : časopis za ekonomsku teoriju i praksu 41, no. 1 (2023): 41-63. https://doi.org/10.18045/zbefri.2023.1.41

Šušak, T., Pavić Kramarić, T. and Bartulović, M. (2023) 'Gender diversity in the boardroom and earnings management during the period of the COVID-19 crisis', Zbornik radova Ekonomskog fakulteta u Rijeci : časopis za ekonomsku teoriju i praksu, 41(1), pp. 41-63. doi: 10.18045/zbefri.2023.1.41

Šušak T, Pavić Kramarić T, Bartulović M. Gender diversity in the boardroom and earnings management during the period of the COVID-19 crisis. Zbornik radova Ekonomskog fakulteta u Rijeci : časopis za ekonomsku teoriju i praksu [Internet]. 2023 [cited 2024 December 09];41(1):41-63. doi: 10.18045/zbefri.2023.1.41

T. Šušak, T. Pavić Kramarić and M. Bartulović, "Gender diversity in the boardroom and earnings management during the period of the COVID-19 crisis", Zbornik radova Ekonomskog fakulteta u Rijeci : časopis za ekonomsku teoriju i praksu, vol. 41, no. 1, pp. 41-63, 2023. [Online]. Available at: https://urn.nsk.hr/urn:nbn:hr:227:640234. [Accessed: 09 December 2024]

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Metadata
Title (english)Gender diversity in the boardroom and earnings management during the period of the COVID-19 crisis
Title (croatian)Spolna raznolikost u upravljačkoj strukturi i upravljanje financijskim rezultatom tijekom razdoblja COVID-19 krize
AuthorToni Šušak
AuthorTomislava Pavić Kramarić
AuthorMarijana Bartulović
Author's institutionUniversity of Split
University Department of Forensic Sciences
Scientific / art field,
discipline and subdiscipline		SOCIAL SCIENCES
Economics
Abstract (english)
This paper investigates the effect of the COVID-19 crisis on the relationship between gender diversity in management and supervisory boards and the level of earnings management. The research sample comprised companies listed on the Croatian national stock exchange, and the panel data was obtained for the 2015- 2020 period to estimate regression models. Findings indicated that the presence and higher share of female directors on management boards were beneficial for curtailing earnings management but only for the financial statements disclosed during the first year of the COVID-19 pandemic. At that time, such effort was vital due to the escalation of earnings management caused by extremely pessimistic economic expectations. In the financial statements disclosed during the second year of the pandemic, the level of earnings management considerably declined, and female directors were not as effective in restraining these activities as in the first year. It could imply greater prudence of female directors when anticipating the intensity of public scrutiny regarding financial statements in a period of crisis. Gender diversity in supervisory boards proved to be an insignificant determinant of earnings management during the COVID-19 crisis.
Abstract (croatian)
U ovom radu istražuje se učinak COVID-19 krize na povezanost spolne raznolikosti u upravama i nadzornim odborima s razinom upravljanja financijskim rezultatom. Uzorak istraživanja čine trgovačka društva uvrštena na hrvatsko nacionalno tržište kapitala, a za potrebe procjene regresijskih modela prikupljeni su panel podaci u razdoblju od 2015. do 2020. Rezultati su pokazali da su prisutnost i veći udio ženskih članova u upravama bili korisni za smanjivanje upravljanja financijskim rezultatom, ali samo za financijska izvješća objavljena tijekom prve godine pandemije COVID-19. U to vrijeme takav napor bio je ključan zbog eskalacije upravljanja financijskim rezultatom izazvane krajnje pesimističnim gospodarskim očekivanjima. U financijskim izvješćima objavljenima tijekom druge godine pandemije razina upravljanja financijskim rezultatom znatno je opala, a članice uprava nisu bile tako učinkovite u obuzdavanju ovih aktivnosti kao u prvoj godini. To bi moglo upućivati na veću opreznost ženskih članova uprave prilikom predviđanja intenziteta javnog nadzora financijskih izvještaja u razdoblju krize. Spolna raznolikost u nadzornim odborima nije se pokazala značajnom odrednicom upravljanja financijskim rezultatom tijekom COVID-19 krize
Keywords (english)
Keywords (croatian)
Languageenglish
Languagecroatian
Publication typeScientific paper - Original scientific paper
Publication statusPublished
Peer reviewPeer review
Publication versionPublished version
Journal titleZbornik radova Ekonomskog fakulteta u Rijeci : časopis za ekonomsku teoriju i praksu
Numberingvol. 41, no. 1, pp. 41-63
p-ISSN1331-8004
e-ISSN1846-7520
DOIhttps://doi.org/10.18045/zbefri.2023.1.41
URN:NBNurn:nbn:hr:227:640234
Publication2023
Document URLhttps://hrcak.srce.hr/305131
Type of resourceText
Access conditionsOpen access
Terms of useLicence Attribution-NonCommercial-NoDerivatives 4.0 International (CC BY-NC-ND 4.0) icon
Created on2024-06-19 09:45:46