摘要：We analyze the association between female directorship on the board and real earnings management
in context of an emerging economy, in Bangladesh. To accomplish the task, we utilize a
sample of 2193 firm-year observations listed on the Dhaka Stock Exchange throughout the period
2000-2017. Our exploration indicates that the presence of female directors, the proportion of female
directors on the board, as well as the presence of independent female director; all of these forms
are positively associated with real earnings management. Therefore firms, with female director(s),
tend to be involved in higher levels of earnings management through lower price discount, unfavorable
credit facility and lower scales of production. This study also underscores that firms with
female director(s) are more likely to abide by defensive financial reporting policies and they lean
towards employing more income-decreasing earnings. On the other hand, their counterparts in firms
with a less representation from female on the board are much less likely to engage in similar practices.
So, the persistence of female directors may resolve the problem of income-increasing real
earnings management in a significant manner. Additionally, we provide evidence that corporate
governance plays a beneficial role in limiting real earnings management especially when the board
appoints female director(s).
