Over 4600 Accesses of Naidu and Ranjeeni (2024) Research on Female Directors!!!

Do all firms ethically and carefully maintain the confidentiality of proprietary information?

Recent research suggests that firms use redaction of proprietary information to hide bad news. Our research published in the Journal of Business Ethics suggest that gender diverse boards ethically and carefully redact information from material contract filings for proprietary cost-based motives (Naidu and Ranjeeni, 2024).

Pleased to share that our research paper entitled “Shhh… Do Gender-Diverse Boards Prioritize Product Market Concerns Over Capital Market Incentives?”, reached an important milestone of over 4600 accesses. Thank you, God, for everything. Om Namah Shivaye.

"Our findings have important implications for regulators, firms, and shareholders by identifying gender-diverse boards as an antecedent for the ethical redaction of proprietary information." (Naidu and Ranjeeni, 2024)

Co-authors: Dr Dharmendra Naidu and Dr Kumari Ranjeeni.

Journal: Journal of Business Ethics, Financial Times 50 Journal

Full Paper: Open access and can be freely downloaded and read using the link https://doi.org/10.1007/s10551-023-05553-3

Research Video: Available for 1 Aud using the link below:

https://www.pra2njeeni.com.au/projects

An important fiduciary duty of the board that relates to loyalty is confidentiality of proprietary information. We argue that corporate boards can benefit from female directors when proprietary costs are high because women are more ethical and risk averse. For a thorough discussion, please see Section 1 and 2 of the published paper OR for a quick summary, see my Research Talk available via Pra2Njeeni (https://www.pra2njeeni.com.au/projects).

In this research, we find results suggesting that female directors foster ethical redaction of confidential information to protect a firm's competitive edge. Although this results in short term cost (adverse selection cost), firm benefits in the long term via shareholder wealth maximization! (Naidu and Ranjeeni, 2024).

Our research creates awareness about the benefits of female directors and contributes towards meeting United Nations' Sustainable Development Goals on Gender Equality.

Congratulations Dr Dharmendra Naidu!

Our sincere appreciation to Journal of Business Ethics for publishing our research and to everyone for their continued interest in our research. You are welcome to share our research findings with the wider community!

Reference:

Naidu, D., Ranjeeni, K. Shhh… Do Gender-Diverse Boards Prioritize Product Market Concerns Over Capital Market Incentives?. J Bus Ethics 193, 235–257 (2024). https://doi.org/10.1007/s10551-023-05553-3