... matching methodology. Our sample consists of US public firms from 2004–2018. Findings We find that firms can reduce their cost of equity capital when they have female directors on the board. We reveal that board gender diversity reduces the cost of equity by curbing firm information asymmetry. Our...

... directors promote R&D investment by improving the scientificity of R&D evaluation and reducing information asymmetry. (4) The enhancing effect of independent director’ status on R&D investment is positively associated with the firm’s patent output and market value. Originality/value...

... in worse information environments. Findings The authors examine the influence of ATP adoption on IPO underpricing and identify the reducing effect of the former. This effect can be explained by the fact that adopting ATPs in IPO firm chapters can reduce information asymmetry to a large extent...