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1、AbstractAbstractWiththeprogressoferaandtherisingofwomen'ssocialstatus,femaleexecutivesarestronglyrising,andcreatingmiraclesinthefieldofbusiness.Theproportionoffemaleexecutivesinexecutiveteamisincreasingandtheroleofthemissignificance.Atthesametime,enterprisesaremor
2、eandmoreconcernedabouttheconstructionofexecutiveteamdiversity,andthesexratioproblemisanimportantresearchperspectiveofexecutiveteamdiversityconstruction.Theforeignresearchershadstartedextensiveresearchonthecharacteristicsoffemaleexecutivesincludingtherelationshipam
3、ongfemaleexecutives,company'sfinancialbehaviorandenterprisevalue.Butinourcountry,studiesoffemaleexecutivesarenumbered.Inordertoexploretherelationshipamongourcountryfemaleexecutives,corporatefinancialbehaviorandcorporatevalue,basedonthedatafrom2005to2012,usingtheme
4、thodofmultipleregression,thispaperinvestigatestherelationamongfemaleexecutives,over-investmentandenterprisevalue.Theresultshowsthatfemaleexecutivescanbringpositiveeffecttoenterprisevalue.Also,femaleexecutivescanblockcompanyover-investmentbehavioranddecreaseenterpr
5、iserisk.But,thereisnoobviousrelationbetweenfemaleexecutivesandenterpriserisk.Atthesametime,wealsoprovethatover-investmentistheinterveningvariableoffemaleexecutivesworkontheenterprisevalue,thatisfemaleexecutivesimproveenterprisevaluethroughdecreasingover-investment
6、behaviors.Theresultsconfirmthewomenhadthecharacteristicsofriskaversion,consistentwiththeexistingscholar'sresearchconclusion.Implementtheresearchonthecharacterscausedbyexecutivegenderdifferencesimpactonexcessiveinvestmentandenterprisevalue,isadvantageoustotherichco
7、rporategovernanceresearchandbroadentheresearchfieldoftheconstructionoftheexecutiveteamdiversity,whichprovidingempiricalevidenceoftheroleoffemaleexecutivesinthecompany'soperatingresults.Keywords:FemaleExecutivesOver-investmentEnterpriseValueII目录第1章绪论...............
8、.........................................11.1研究背景及意义................................................11.1.1研究背景..........................................