PurposeThis study seeks to add more insights to the debate on “whether”, “how”, and “under which condition” women representation on the board contributes to firm performance. More specifically, the current study aims to investigate if the effect of board gender diversity on firm performance is dependent on macro factors of national cultures.Design/methodology/approachThe authors used the generalized method of moments regression and a data set consists of 2,550 company year observations over 10 years.FindingsThe results indicated that cultural variables interact with board diversity to influence firm performance. Having women on the board in countries with high power distance, individualist, masculine and low-uncertainty avoidance culture influences the firm performance negatively.Originality/valueThe findings indicate that the effects of corporate governance structure on firm performance depends on culture-specific factors, providing support for the argument that institutional norms that are governed by cultural norms affect the effectiveness of corporate governance structure.
This paper investigates the relationships between environmental technology and competitiveness focusing on 224 industrial corporations. To date, there is still a debate regarding the benefits of being green. Previous literature has investigated this relationship mostly in developed countries. Additionally, the majority of these studies do not disaggregate the environmental practices and competitiveness. Less attention has been given to the environmental issues in developing countries. This study aims to fill these gaps by breaking down the environmental technology into two processes and products-focused practices and investigating their effects on the multiple approaches of competitiveness represented by image-, profits-, and satisfaction-related aspects of competitiveness. The study adopts a crosssectional study using a self-reported questionnaire. The collected data are analysed using structural equation modelling technique based on AMOS methods. The results revealed that only products-focused practices could improve the three dimensions of competitiveness. The processes-focused practices did not contribute to any of the competitiveness aspects. Such results provide new insight for the application of resource-based view theory in green-based developing countries.
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