Dowling, Michael Mark and Ali-aribi, Zakaria (2013) Female directors and UK company acquisitiveness. International Review of Financial Analysis, 29 . pp. 79-86. ISSN 1057-5219
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Official URL: http://dx.doi.org/10.1016/j.irfa.2013.04.004
We show that the presence, and proportion, of female directors are strongly related to the level of acquisitiveness of a company. This finding is made through a dataset covering significant size acquisitions made by FTSE 100 constituents over a 12-year time period from 2000 to 2011 and includes multiple controls for potential confounding financial and director characteristics. A novel main testing approach of zero-inflated Poisson regressions is utilised, with a variety of alternative tests and specifications further reported to add to the robustness of the study. The finding draws on psychological and decision-making research showing females to be less overconfident in their decision-making.
|Uncontrolled Keywords (separate with ;):||Female directors; Takeovers; Overconfidence; Zero-inflated Poisson|
|Schools:||Faculty of Business, Law & Applied Social Studies > School of Business|
|Deposited By:||Louise Alexandra Varley|
|Deposited On:||02 Jul 2013 12:55|
|Last Modified:||09 Aug 2016 15:18|
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