Influence of Audit Quality on Investment Decisions: Focusing on Board Gender Diversity

• 발행기관: People & Global Business Association
• 저자명: Yu Wang
• 간행물 정보: 『Global Business and Finance Review』Vol.30 No.5, 76~89쪽, 전체 14쪽
• 주제분류: 경제경영 > 경영학
• 파일형태: PDF
• 발행일자: 2025.05.31

국문 초록

Purpose: This study investigates the impact of audit quality on investment decisions, focusing on the moderating role of board gender diversity. By analyzing non-financial firms in South Korea from 2019 to 2023, it explores how audit quality influences investment efficiency. The study aims to provide insights into effective governance practices. Design/methodology/approach: The study uses multiple regression analysis to examine audit quality, board gender diversity, and investment efficiency. The sample includes non-financial firms in South Korea from 2019 to 2023. Audit quality is measured using discretionary accruals, and the role of board gender diversity is analyzed through interaction terms. Findings: Higher audit quality improves investment efficiency by reducing over- and under-investment. Female board members moderate the impact of audit quality, leading to more efficient investment decisions. The results highlight the importance of high-quality audits and diverse boards for enhancing firm performance. Research limitations/implications: The study is limited to non-financial firms in South Korea. Discretionary ac-cruals as a proxy for audit quality have limitations. Future research could include more industries or countries. Originality/value: This study provides evidence of the combined impact of audit quality and board gender diversity. The findings offer insights into regional corporate governance and support the development of effective frameworks.

목차

Ⅰ. Introduction

Ⅱ. Literature Review and Hypothesis Development

Ⅲ. Research Design

Ⅳ. Empirical Analysis

Ⅴ. Conclusion

Conflicts of Interest

References

키워드

Audit Quality Investment Efficiency Board Gender Diversity Corporate Governance Board Characteristics