여성 임원과 이익의 정보유용성

[Purpose]This study investigates whether female director affect earnings response coefficients. The female director is considered to have a positive effect on corporate governance in terms of diversity on the board of directors and characteristics of women, which is likely to affect the earnings response coefficients. [Methodology]This study conduct empirical analysis on 5,939 firm－year listed on the Korea Exchange from 2019 to 2021. The analysis is performed by applying the association analysis between the stock price and earnings based on prior work. [Findings]As a result of the empirical results, it was found that female director on the board of directors did not significantly affect earnings response coefficients. However, the female outside director makes the earnings response coefficients increase statistically significantly. [Implications]This study improves the understanding of findings that corporate governance improves the quality of accounting information. In addition, it is expected that there will be differences from prior studies by examining the effect of female director on the transparency of accounting information from the perspective of information users, not from the perspective of information providers.