本研究以1997年至2008年美國公司為樣本，透過474筆公司季觀察值探討女性董事與擬制性盈餘之間的關係。本研究發現，當公司存有女性董事時，其擬制性盈餘的品質較好。具體來說，當公司具有一名女性董事或以上時，公司的擬制性盈餘排除項目與未來盈餘的關聯性較低。此外，本研究亦將樣本以法規G實施前後進行分組，發現女性董事對擬制性盈餘品質的提升效果在法規G實施後有所減少。

This study examines the relationship between female directors and non-GAAP earnings. Using 474 firm-quarter observations of US companies from 1997 to 2008, it is found that companies with at least one female director on the board have better non-GAAP earnings quality. Specifically, the associations between future earnings and non-GAAP exclusions are lower when there is at least one female director on the boards. Furthermore, the samples are divided according to the enactment of regulation G, and it is found that the incremental effect of non-GAAP earnings given by female directors declines after the enforcement of the regulation G.

廖秀梅、李建然及吳祥華(民95)，董事會結構特性與公司績效關係之研究-兼論台灣家族企業因素的影響，東吳經濟商學學報 (54), 117-160.
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