Abstract Using A-share listed companies in China’s capital market from 2001 to 2012 as sample, this article empirically analyzes the impact of female executives on cash holdings. The results show that female executives increases cash holdings significantly, and when listed companies are in a good macroeconomic environment, promotion effect of female executives on cash holdings declines distinctly. The research enhances comprehensions on economic consequence of risk aversion among female executives in realistic society.
2015, Vol. 31 
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