explaining the effect of female managers on board of directors on relationship between ceo power and stock price crash risk

ali jahandar lashaki¹

1) senior undergraduate , accounting

IOI Code : XEHA-HEBBK
Publication : International Conference on Applied Researches in Humanities, Economics, Management & Accounting(icrhema.com/1st)
Abstract :
    investigating how to restrict the possible impact from dark or negative aspects of ceo strength can lead to improving the existing understanding of corporate governance and power dynamics . accordingly , in the present study , the concept of broad participation and perspective and the mediator effect of women presence on the power of managers in order to increase the risk of stock price crash has been studied . for this purpose , 153 listed companies in tehran stock exchange were used during the period 1392 to 1399 . to test the research hypotheses , multiple regression and eviews 8 software were used and the results showed that the ceo s power has an impact on the risk of stock price crash and also the presence of female managers in board affect the relationship between ceo power and stock price crash risk . the result is that firms with powerful executives can potentially pressure financial managers to promote biased performance measures to escalate compensation incentives . also , corporate governance structure variables , especially the board of directors and presence of women can play an important role in firm performance and increase the decision - making power of ceos decrease the risk of falling stock price .

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