女性ガバナンスは利益管理を抑制するか？テーマ別文献レビューと今後の研究課題

Unofficial AI-generated summary based on the public title and abstract. Not an official translation.

🔬研究者:Provides a comprehensive synthesis of female governance and earnings management, identifying gaps in non-accrual EM research and calling for multi-method studies.

🏢実務担当者:Offers evidence that gender-diverse boards can improve reporting quality, supporting diversity initiatives and ESG disclosures.

🏛政策担当者:Suggests that policies promoting board diversity may enhance financial reporting integrity and investor confidence.

This study aims to provide a thematic literature review (TLR) of the relationship between female governance and earnings management (EM), providing theoretical and contextual insights into how women's participation in board, executive, and oversight governance roles is associated with managerial opportunism. This review is based on a structured search of Scopus and Web of Science and a thematic synthesis of 98 empirical studies published between 2010 and 2024. It examines three forms of EM: accrual-based EM (AEM), real EM (REM), and earnings classification shifting (ECS). The synthesis is structured around four themes: female governance and EM across market contexts, role-specific governance effects, governance interactions, and contextual moderators. The evidence indicates a predominantly negative association between female governance and EM, particularly for accrual-based manipulation. Women occupying strategically influential positions, such as CFO roles or monitoring-intensive audit committee positions, are more consistently associated with enhanced financial reporting quality. However, these effects are conditional rather than universal and depend on factors, including financial expertise, director independence, ownership structure, institutional environment, and the achievement of a critical mass of female directors. While the relationship with AEM is relatively robust, the findings for REM and ECS are mixed, suggesting potential substitution effects and contextual moderation. Overall, female governance emerges as an important, yet context-sensitive, mechanism for strengthening reporting integrity. The findings underscore the need for theory-integrated, multi-method research that accounts for institutional settings, board composition, and role-specific influence. Notably, gaps remain in the study of non-accrual EM mechanisms, such as ECS, and in the operationalization of diversity metrics and female presence on boards. The findings highlight the need for theory-integrated and multi-method research that accounts for institutional settings, governance configurations, and role-specific influence. Important gaps remain in the examination of non-accrual EM mechanisms, particularly ECS, and in the operationalisation of female governance metrics and board-level female influence. Implications for Society and Stakeholders that gender-diverse boards serve as a tangible indicator of ethical leadership and accountability, which are critical for public trust and investor confidence. Evidence from the review suggests positive impacts on ESG performance, cost of capital, and earnings transparency, making board diversity a material consideration for investors, analysts, and rating agencies. Furthermore, diversity at the leadership level reinforces long-term stakeholder engagement and sustainable corporate behavior. By integrating EM types with governance mechanisms and institutional factors, this review advances the understanding of when and how female governance constrains EM and enhances financial reporting integrity, and outlines a targeted agenda for future research.

• semanticscholar https://doi.org/10.1108/jal-10-2025-0542first seen 2026-08-24 05:09:20 · last seen 2026-09-22 04:52:37