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Board Gender Diversity, Investor Protection, and Private Information-Based Trading
Global Economic Review ( IF 1.843 ) Pub Date : 2019-07-02 , DOI: 10.1080/1226508x.2019.1636701
Chun-Teck Lye 1 , Jiunn-Shyan Khong 2 , Chee-Wooi Hooy 2
Affiliation  

ABSTRACT This study examines the effects of board gender diversity and investor protection on private information-based trading and its persistent form. The results generally show that board gender diversity plays a significant part in preventing stock trading activities based on private information as well as persistent private information-based trading. Investor protection is also found to be significant and more pronounced in mitigating private information-based trading, but its function is hindered by the persistence of private information-based trading. Overall, the findings suggest that, besides strengthening the investor protection, policymakers should also encourage the involvement of women on boards of directors.

中文翻译:

董事会性别多元化、投资者保护和基于私人信息的交易

摘要 本研究考察了董事会性别多样性和投资者保护对基于私人信息的交易及其持续形式的影响。结果普遍表明,董事会性别多样性在防止基于私人信息的股票交易活动以及持续的基于私人信息的交易方面起着重要作用。还发现投资者保护在缓解基于私人信息的交易方面具有重要意义和更明显的作用,但其功能受到基于私人信息的交易的持续存在的阻碍。总体而言,调查结果表明,除了加强投资者保护外,政策制定者还应鼓励女性参与董事会。
更新日期:2019-07-02
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