Abstract

The purpose of this paper is to study the relationship between female executives and non-efficient investment behavior in enterprises. The data of China's private listed companies from 2016 to 2017 were selected for empirical study, the variables of the model were defined and measured. The author designs the current research to be mixed methods research, qualitative and quantitative research approach. The results show that: (1) increase in the proportion of female CEOs relative to female executives can significantly inhibit non-efficient investment; (2) the level of education has a significant moderating effect on both female executives and the non-efficient investment of female CEOs and companies; (3) Social capital has a moderating effect on the non-efficient investment of female executives and enterprises, but has no significant effect on the gender of CEOs and non-efficient investment of enterprises. The conclusion of this study can better break the bottleneck of female workplace, develop the leadership of female executives in a targeted way, and improve the management level and performance of enterprises through the relationship between female executives and non-efficient investment behaviors of enterprises.

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