Abstract

To prove the effects of the rate of female executives and staff members and female employee’s tenure of office on the relevance of stock price, this study analyzed if there is a difference of accounts information’s relevance of stock price as the difference of the rate of female executives and staff members’ height and the female employee’s tenure of office’ length. To prove this, the study period is from 2013 to 2015, and analyzed 1,280 companies/yearly stock market listed company as a sample. The major analysis results of the study are; firstly, as the result of the analysis about the influence the relevance of stock price got from the difference of the rate of female executive, it represented that as the rate of female executive increases, the abnormal earnings and net assets’ relevance of stock price are high. Secondly, as the result of the analysis about the effect that the rate of female employee had on the account information’s relevance stock price, as the rate of female employee gets high, only abnormal earnings’ relevance of stock prices is high. Thirdly, as the result of analysis about the effect that female employee’s tenure of office had on the account information’s relevance of stock price, it indicates that only abnormal earnings relevance of stock price is high as the rate of female employee’s tenure of office gets high. Finally, as a result of the analysis about the effect that the rate of female employee and female employee’s tenure of office both had on the account information’s relevance of stock price, it showed that only abnormal earnings relevance of stock price are high under the case of high rate of female employee and long term of female employee’s tenure of office. Showing that there is a difference in account information as the difference of the rate of female executives and staff members and female employee’s tenure of office, it has a meaning on showing influence of the rate of female executives and staff members on female executive quota system’s introduction feasibility and stock value decision.

Keywords

• the rate of female executives and staff members
• employee’s tenurereports

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