Kassareserver och kvinnliga CFO:er
(2025) FEKH89 20251Department of Business Administration
- Abstract (Swedish)
- Titel: Kassareserver och kvinnliga CFO:er
Seminariedatum: 2025-06-03
Kurs: FEKH89, Examensarbete i finansiering på kandidatnivå, 15 hp
Författare: Elin Antonsson, Anna Ekengren, Sofia Nordfjell
Handledare: Anamaria Cociorva
Nyckelord: Riskaversion, kassareserver, kvinnor, CFO, ekonomiska strategier
Forskningsfråga: Hur påverkas andelen kassareserver i ett företag om posten som CFO innehas av en kvinna?
Syfte: Studiens syfte är att undersöka sambandet mellan kvinnliga CFO:er och ett företags andel kassareserver i relation till totala tillgångar.
Metod: Studien har tillämpat ett deduktivt tillvägagångssätt där hypoteser har testats utifrån en kvantitativ metod. Studien bygger på sekundärdata från perioden 2021-2024... (More) - Titel: Kassareserver och kvinnliga CFO:er
Seminariedatum: 2025-06-03
Kurs: FEKH89, Examensarbete i finansiering på kandidatnivå, 15 hp
Författare: Elin Antonsson, Anna Ekengren, Sofia Nordfjell
Handledare: Anamaria Cociorva
Nyckelord: Riskaversion, kassareserver, kvinnor, CFO, ekonomiska strategier
Forskningsfråga: Hur påverkas andelen kassareserver i ett företag om posten som CFO innehas av en kvinna?
Syfte: Studiens syfte är att undersöka sambandet mellan kvinnliga CFO:er och ett företags andel kassareserver i relation till totala tillgångar.
Metod: Studien har tillämpat ett deduktivt tillvägagångssätt där hypoteser har testats utifrån en kvantitativ metod. Studien bygger på sekundärdata från perioden 2021-2024 som därefter analyserats genom en OLS-regression i syfte att undersöka samband mellan kvinnliga CFO:er och andel kassareserver.
Teoretiska perspektiv: Studien utgår ifrån pecking order-teorin, agentteorin och free cash flow hypothesis samt prospektteorin. Studien baseras på tidigare forskning kring kvinnliga chefer och styrelseledamöter och deras påverkan på kassareserver. Vidare har litteratur kring ålder och tjänstetid i relation till risktagande använts.
Resultat: Studien finner ett statistiskt signifikant negativt samband mellan kvinnliga CFO:er och andel kassareserver.
Slutsats: Resultatet i studien tyder på att kvinnor håller en mindre andel kassareserver jämfört med män vilket kan ha bakgrund i flera olika faktorer. Studiens bortfall samt val av teorier kan ha begränsat studiens resultat. (Less) - Abstract
- Title: Cash Reserves and Female CFO:s
Seminar date: 2025-06-03
Course: FEKH89, Corporate Finance Degree Project, Undergraduate level, 15 credits
Authors: Elin Antonsson, Anna Ekengren, Sofia Nordfjell
Advisor: Anamaria Cociorva
Key words: Risk aversion, cash reserves and cash equivalents, CFO, women, financial strategies
Research question: How is a firm’s level of cash reserves affected when the CFO position is held by a female?
Purpose: The main purpose of the study is to examine how female CFO:s affect the share of cash and cash reserves in companies.
Methodology: The study is based on a quantitative method with a deductive approach. Secondary data has been collected and analyzed through an OLS regression with... (More) - Title: Cash Reserves and Female CFO:s
Seminar date: 2025-06-03
Course: FEKH89, Corporate Finance Degree Project, Undergraduate level, 15 credits
Authors: Elin Antonsson, Anna Ekengren, Sofia Nordfjell
Advisor: Anamaria Cociorva
Key words: Risk aversion, cash reserves and cash equivalents, CFO, women, financial strategies
Research question: How is a firm’s level of cash reserves affected when the CFO position is held by a female?
Purpose: The main purpose of the study is to examine how female CFO:s affect the share of cash and cash reserves in companies.
Methodology: The study is based on a quantitative method with a deductive approach. Secondary data has been collected and analyzed through an OLS regression with the aim to examine a potential relationship between women, and cash & cash equivalents.
Theoretical perspectives: The study is based on the pecking order theory, agency theory and free cash flow hypothesis, and prospect theory. The study builds on previous research concerning female executives and board members and their impact on cash holdings. Additionally, literature on age and tenure in relation to risk aversion has been utilized.
Result: A negative statistical significant relationship is detected between cash reserves and female CFOs.
Conclusion: The study’s results suggest that female CFOs hold a smaller portion of cash reserves compared to their male counterparts, which may be influenced by several underlying factors. Additionally, the study’s choice of theoretical frameworks and reduction in sample size may limit the generalizability of the findings. (Less)
Please use this url to cite or link to this publication:
http://lup.lub.lu.se/student-papers/record/9194909
- author
- Antonsson, Elin LU ; Ekengren, Anna LU and Nordfjell, Sofia LU
- supervisor
- organization
- course
- FEKH89 20251
- year
- 2025
- type
- M2 - Bachelor Degree
- subject
- keywords
- Riskaversion, kassareserver, kvinnor, CFO, ekonomiska strategier
- language
- Swedish
- id
- 9194909
- date added to LUP
- 2025-09-16 10:24:43
- date last changed
- 2025-09-16 10:24:43
@misc{9194909,
abstract = {{Title: Cash Reserves and Female CFO:s
Seminar date: 2025-06-03
Course: FEKH89, Corporate Finance Degree Project, Undergraduate level, 15 credits
Authors: Elin Antonsson, Anna Ekengren, Sofia Nordfjell
Advisor: Anamaria Cociorva
Key words: Risk aversion, cash reserves and cash equivalents, CFO, women, financial strategies
Research question: How is a firm’s level of cash reserves affected when the CFO position is held by a female?
Purpose: The main purpose of the study is to examine how female CFO:s affect the share of cash and cash reserves in companies.
Methodology: The study is based on a quantitative method with a deductive approach. Secondary data has been collected and analyzed through an OLS regression with the aim to examine a potential relationship between women, and cash & cash equivalents.
Theoretical perspectives: The study is based on the pecking order theory, agency theory and free cash flow hypothesis, and prospect theory. The study builds on previous research concerning female executives and board members and their impact on cash holdings. Additionally, literature on age and tenure in relation to risk aversion has been utilized.
Result: A negative statistical significant relationship is detected between cash reserves and female CFOs.
Conclusion: The study’s results suggest that female CFOs hold a smaller portion of cash reserves compared to their male counterparts, which may be influenced by several underlying factors. Additionally, the study’s choice of theoretical frameworks and reduction in sample size may limit the generalizability of the findings.}},
author = {{Antonsson, Elin and Ekengren, Anna and Nordfjell, Sofia}},
language = {{swe}},
note = {{Student Paper}},
title = {{Kassareserver och kvinnliga CFO:er}},
year = {{2025}},
}