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The University of Southampton
Centre for Risk Research

Gender composition of top management and its relevance to IPO pricing, risk and listing characteristics Event

Prof. Paul McGuinness
Time:
14:30 - 15:30
Date:
21 December 2016
Venue:
Room 5033 Southampton Buisness School (Building 2) Highfield Campus University of Southampton

For more information regarding this event, please telephone Dr Ian G.J. Dawson on 02380 598094 or email i.g.dawson@soton.ac.uk .

Event details

Professor Paul McGuinness of the Chinese University of Hong Kong with deliver a Centre for Risk Research (CRR) seminar on his research examining the gender composition of top management and its relevance to IPO pricing, risk and listing characteristics. Professor McGuinness will present a study that assesses the importance of female presence within the top-management teams (TMTs) of initial public offering (IPO) firms listing in Hong Kong. He finds that female managerial presence is often greater in firms with younger TMTs and in entities with fewer employees. He also finds that board gender exhibits little to no association with underwriter quality and concludes that senior managers yield micro-level resource dependencies well beyond those on offer from directors. Moreover, gender diversity has only a limited connection with IPO under-pricing.

Speaker information

Professor Paul McGuinness,Chinese University of Hong Kong,Paul McGuinness is a Tenured Professor in the Department of Finance at The Chinese University of Hong Kong (CUHK), having served as Department Chairman for two four-year terms (August 2000 - July 2004; August 2005 - July 2009). Prior to appointment at CUHK, he was a faculty member of the School of Industrial and Business Studies at the University of Warwick (UK). He has also held, while on sabbatical leave from CUHK, positions as the National Bank Chair of Finance at the Victoria University of Wellington, New Zealand (January - December 1996), Head of Research at the Hong Kong securities regulator, the Securities and Futures Commission (June - December 2000) and Visiting Professor in the Department of Economics at Macquarie University in Sydney, Australia (mid-February - June 2008). His teaching experience is diverse, covering undergraduate, graduate and executive programmes in the UK, Hong Kong, Mainland China, New Zealand and Australia. His research focus, in financial markets/corporate finance, has led him to publish more than 45 internationally-refereed journal articles and a widely-regarded book (A Guide to the Equity Markets of Hong Kong, Oxford University Press, 1999). He has also conducted consultancy work in securities market-related issues in Hong Kong and Mainland China.

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