The present paper investigates the relationship between earnings management and board characteristics of independence and gender diversity in the Indian corporate sector in accordance with the sectorial classification. The main corporate ownership model in Indian firms is found to be the promoter-dominated shareholders model which further illustrates the importance of the board in restraining earnings management. In Indian companies, the main issue is to control the dominant shareholder and safeguard the minority shareholders. The study uses a panel data structure to examine the importance of sector segregation and gender diversity in the context of earnings management practices among large public companies in India. The study shows that the magnitude of earnings management highly varies with the relative nature of the sector. Furthermore, the results suggest that woman directors are more efficient at monitoring earnings management in respective firms and mere having independent directors does not ensure sound corporate governance. This ensures that sectorial classification and gender diversity are important factors in the corporate practices of earnings management. The results are of considerable importance to policymakers in evaluating the sector characteristics about earnings management, and improving corporate governance policy-making by increasing the women directors’ participation and implementing the related board variables in the relative sector. This is the first study that explores the association between gender diversity of the board and earnings management practices of large listed companies in an emerging economy like India. It also evaluates the significance of sectorial classification in this context for added significance of the study.

本文根据部门分类研究了印度公司部门的盈余管理与董事会独立性和性别多样性之间的关系。发现印度公司的主要公司所有权模式是发起人主导的股东模式，这进一步说明了董事会在约束盈余管理方面的重要性。在印度公司中，主要问题是控制大股东和保护小股东。该研究使用面板数据结构来检验部门隔离和性别多样性在印度大型上市公司盈余管理实践中的重要性。研究表明，盈余管理的程度因行业的相对性质而异。此外，结果表明，女性董事在监督各自公司的盈余管理方面更有效率，仅仅拥有独立董事并不能确保健全的公司治理。这确保了部门分类和性别多样性是企业盈余管理实践中的重要因素。研究结果对于决策者评估盈余管理的行业特征，通过增加女性董事的参与和在相关行业中实施相关董事会变量来改进公司治理决策具有相当重要的意义。这是第一项探讨董事会性别多元化与印度等新兴经济体中大型上市公司盈余管理实践之间关联的研究。