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Does board gender diversity affect the transparency of corporate political disclosure?

D.G. DeBoskey (Charles W. Lamden School of Accountancy, San Diego State University, San Diego, California, USA)
Yan Luo (Charles W. Lamden School of Accountancy, San Diego State University, San Diego, California, USA)
Jeff Wang (Charles W. Lamden School of Accountancy, San Diego State University, San Diego, California, USA)

Asian Review of Accounting

ISSN: 1321-7348

Article publication date: 31 October 2018

Issue publication date: 12 November 2018

859

Abstract

Purpose

The purpose of this paper is to examine the influence of board gender diversity on the transparency of corporate political disclosure (CPD).

Design/methodology/approach

Two empirical proxies, CPD transparency and policy transparency, are constructed from a data set jointly produced by the Center of Political Activity and the Carol and Lawrence Zicklin Center for Business Ethics Research. The CPD transparency score measures the level of transparency in voluntary corporate disclosure of the amount of political contributions and the identity of the recipients as well as the titles and names of the executives who authorize the political spending. The policy transparency score measures the level of transparency in the voluntary disclosure of the policies governing corporate political spending. Board gender diversity is measured by the percentage of women on the board of directors.

Findings

Higher proportions of female directors are associated with more transparent disclosure of political contributions after controlling for a set of corporate governance and firm-level variables.

Originality/value

This study is the first to examine whether and how gender-diversified boards enhance the transparency of CPD. It contributes to the literature by providing evidence that gender-diversified boards enhance corporate governance.

Keywords

Citation

DeBoskey, D.G., Luo, Y. and Wang, J. (2018), "Does board gender diversity affect the transparency of corporate political disclosure?", Asian Review of Accounting, Vol. 26 No. 4, pp. 444-463. https://doi.org/10.1108/ARA-09-2017-0141

Publisher

:

Emerald Publishing Limited

Copyright © 2018, Emerald Publishing Limited

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