| With the continuous development of society,women have become more and more important roles in business management today,and academia has also begun to have a strong research interest in the behavioral and decision-making characteristics of female members of the executive team.This study takes the high-level team theory,human capital theory and other related theories as the theoretical basis,and the mechanism of female executives’ influence on corporate R&D decision-making as the core of the research.The study collects and sorts out the data disclosed by A-share listed companies from 2010 to 2019.The relationship between female executives and enterprise R&D investment is tested,and accounting conservatism is further used as an intermediary variable,industry differences and property rights are used as adjustment variables to conduct a more in-depth discussion.The study found that the increase in the proportion of female executives can significantly inhibit the R&D investment of enterprises,and significantly improve the accounting conservatism of the sample companies.Accounting conservatism plays a part of the intermediary role in the relationship.After a series of robustness tests,this conclusion still holds.In addition,compared with state-owned enterprises,female executives in non-state-owned enterprises have a more prominent impact on firm’s R&D investment.Compared with non-high-tech industries,the inhibiting effect of female executives on R&D investment is significantly weaker in high-tech industries.In this paper,the research provides a new view to understand the value of female executives in the company decision-making,and enrich the research on enterprise R&D input dimension,At the same time,it complements the research on accounting conservatism,and has certain enlightenment on the policies and practices of Chinese companies in introducing female executives,improving corporate governance,promoting enterprise innovation and choosing accounting... |
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