Keywords: Top management
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Journal Articles
Review of Accounting and Finance (2026) 25 (1): 75–97.
Published: 04 February 2026
...) is associated with lower efficiency, driven by a propensity to over-invest. Gender effects are stronger for over-investment than under-investment, supporting the view that female executives curb empire-building incentives. During the 2012 crisis the presence of women in top management is linked to higher...

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