An institutional approach to the SHE’-E-O plight: evidence from organizational legitimacy and SHE’-E-O dismissal

Zhang, Ying; Yang, Morgan X.

doi:10.1108/gm-04-2020-0120

Cited by 5 publications

(5 citation statements)

References 47 publications

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“…Regulative legitimacy is based on existing rules, laws, and regulations and reflects a regulator's guidelines regarding appropriate actions for organizations (Guo et al, 2014; Sanders & Tuschke, 2007; Zhang & Yang, 2021; Zimmerman & Zeitz, 2002). Firms can obtain regulative legitimacy by conforming to various regulations and policies set by governments.…”

Section: Theoretical Background and Hypothesis Developmentmentioning

confidence: 99%

Power of sustainable development: Does environmental management system certification affect a firm's access to finance?

et al. 2021

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Although prior research generated inconclusive findings between a firm's environmental management system and firm financial performance, attention to resolve this inconsistency by examining the internal channels is limited. Thus, this study focuses on a firm's access to finance and investigates whether a firm's environmental management system certification (EMS) leads to better access to finance. Based on the organizational legitimacy perspective, we hypothesize that this certification will benefit a firm with stakeholder approval and support and consequently alleviate its financial capital constraints. We further posit that the proposed relationship will be moderated by three types of legitimacy environments pertaining to how stakeholders and investors make the judgment on the environmental management system certification. We document that the proposed relationship, that is, the positive relationship between environmental management system certification and access to finance, will be stronger when the government attaches larger importance to environmental protection (regulative legitimacy), better environmental record (moral legitimacy), and better financial position (pragmatic legitimacy). Empirical analyses provide strong corroborating evidence for our predictions. These findings have important theoretical and managerial implications that are well discussed in this study.

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Section: Theoretical Background and Hypothesis Developmentmentioning

confidence: 99%

Power of sustainable development: Does environmental management system certification affect a firm's access to finance?

et al. 2021

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“…Thus, women are less likely to become CEOs (Cook & Glass, 2014; Glass & Cook, 2016). Even when women successfully become CEOs, they will experience backlash and be penalized in terms of career prospect (Carli, 2010; Heilman et al, 2004) including low compensation (Hill et al, 2015), early departure (Zhang & Yang, 2021), and poor financial performance (Ryan & Haslam, 2007).…”

Section: Introductionmentioning

confidence: 99%

“…prospect (Carli, 2010;Heilman et al, 2004) including low compensation (Hill et al, 2015), early departure (Zhang & Yang, 2021), and poor financial performance (Ryan & Haslam, 2007). 1 However, this passive perspective toward the issue of female executives presents merely half of the picture.…”

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confidence: 99%

How do female CEOs affect corporate environmental policies?

Zhang

Guo

Nurdazym

2022

Corp Soc Responsibility Env

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How do female Chief Executive Officers (CEOs) affect corporate environmental policies? This study develops a theoretical argument by incorporating the role of gender into the context of corporate environmental policies. Specifically, we differentiate corporate environmental policies into sustainable and unsustainable environmental policies. We also hypothesize a positive relationship between female CEOs and corporate sustainable environmental policies because women possess communal qualities and tend to be more stakeholder‐oriented compared with men. Moreover, we also propose a negative relationship between female CEOs and corporate unsustainable environmental policies because of women's risk aversion. We further predict that female CEOs with in‐group members will enhance the behavioral preferences of female leaders. Thus, we propose that the presence of in‐group members strengthens the relationship between female CEOs and corporate environmental policies. Using a longitudinal data set of Chinese listed firms from 2008 to 2018, we found strong empirical support for our predictions. Implications for the literature on gender and corporate environmental policies are also discussed.

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“…Even SOEs increase the awareness of gender diversity on their board, the state plays a crucial role in setting a firm’s direction. Some scholars have used a neo-institutional perspective to examine the effect of political networks in institutional practices regarding accounting and governance standards (Judge et al , 2008; Roper and Schoenberger-Orgad, 2011; Zhang and Yang, 2021). As explained, in SOEs, female corporate leaders are ascribed to have lower status than their counterparts.…”

Section: Literature Review and Hypotheses Developmentmentioning

confidence: 99%

Gender board diversity and corporate fraud: empirical evidence from US companies

Maulidi

2022

JFC

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Purpose This study aims to examine the effect of gender board diversity on corporate fraud. Particularly, it is to gain empirical evidence whether firms with more female corporate leaders are more (less) likely to engage in corporate fraud. Design/methodology/approach The authors use data of fraud firms from Accounting and Auditing Enforcement Releases. As a focus of the study, the authors take the fraud sample observations from the last 10 years, from 2011 to 2021. The idea is that the number of firms sectioned due to corporate fraud reached a peak in such periods. Findings In the context of non-state-owned enterprise environments, the authors find female corporate leaders are less likely to engage in corporate fraud. However, among firms with a state-owned background, the authors’ empirical evidence shows that the roles of female corporate leaders remain under-represented in the boardrooms. As reported, the presence of female corporate leaders does not bring a significant impact on enhancing group ethical decision-making and governance quality. This situation does appear when political connections between firms and governments or politicians are prevalent. Research limitations/implications This study has practical and theoretical implications. Given the increased pressure on companies around the globe to have more females in their boardrooms, this study provides insight into the effect of female corporate leaders on the prevalence of corporate fraud. As such, this study offers critical consideration for policymakers and regulators. Moreover, an analysis of whether and when the gender board diversity is associated with the firm’ propensity to perpetrate corporate fraud, particularly from the US corporate fraud, is sorely lacking. This study contributes to such gaps. Originality/value This study provides insightful discussion about the topical issue of whether, and under what circumstances, female corporate leaders influence (or do not influence) corporate fraud.

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An institutional approach to the SHE’-E-O plight: evidence from organizational legitimacy and SHE’-E-O dismissal

Cited by 5 publications

References 47 publications

Power of sustainable development: Does environmental management system certification affect a firm's access to finance?

Power of sustainable development: Does environmental management system certification affect a firm's access to finance?

How do female CEOs affect corporate environmental policies?

Gender board diversity and corporate fraud: empirical evidence from US companies

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