Board diversity and performance in a masculine, aged and glocal supply chain: new empirical evidence

Calabrese, Giuseppe; Manello, Alessandro

doi:10.1108/cg-09-2020-0417

Cited by 20 publications

(15 citation statements)

References 75 publications

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“…Board diversity entails the heterogeneity of board members based on different dimensions that are to the advantage of the firms. In the same vein, recent studies also show a positive relationship between board diversity and firm performance (Calabrese and Manello, 2021;Noguera, 2020;Mazzotta and Ferraro, 2020).…”

Section: Board Gender Diversity and Sustainability Reportingmentioning

confidence: 81%

Board characteristics and sustainability reporting: a case of listed firms in East Africa

Githaiga

Kosgei

2022

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Purpose This study aims to investigate the influence of board characteristics on sustainability reporting among listed firms in East Africa. Design/methodology/approach The study uses a sample of 79 listed firms drawn from East African securities exchanges and data from 2011 to 2020. Sustainability reporting is measured using Global Reporting Initiative, and the data is analyzed by using three-panel data estimation models – fixed effect, random effect and the generalized method of moments. Findings The results reveal that board gender diversity, board financial expertise and board independence are positively and significantly associated with sustainability reporting. Conversely, board size has a negative and significant effect on sustainability reporting. Practical implications The findings from the study provide valuable insights to firm owners and policymakers. The study highlights the importance of directors with financial knowledge, a high proportion of non-executive directors and women representation in board and smaller boards as a strategy that will help firms improve sustainability practices and reporting in East Africa. Social implications Results of this study underscore the effect of corporate governance (CG) dimensions on social responsibility activities, such as philanthropy, emission reduction and waste management initiatives as reported through sustainability responsibility. Originality/value This study adds to the growing literature on the relationship between CG attributes and sustainability reporting from a developing economy perspective. Specifically, the study examines how board gender diversity, size, independence and financial expertise affect sustainability reporting adoption.

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Section: Board Gender Diversity and Sustainability Reportingmentioning

confidence: 81%

Board characteristics and sustainability reporting: a case of listed firms in East Africa

Githaiga

Kosgei

2022

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“…They conclude that the presence of women on the board adds value to firms over a sustained period of time. Calabrese and Manello (2021) find a robust positive effect of women presence in board on financial performance for a sample 1538 Italian firms operating in the automotive industry.…”

Section: Theoretical Background and Hypothesismentioning

confidence: 82%

Threshold effects of board gender diversity on firm performance: panel smooth transition regression model

Gharbi

Othmani

2022

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Purpose This study aims to investigate whether threshold effects exist in the relationship between board gender diversity and firm performance. Design/methodology/approach This study applies the panel smooth threshold regression model (PSTR) to a sample of 284 non-financial French firms listed on Euronext Paris over the period 2009–2017. Firm performance proxies are Tobin’s Q and return on assets (ROA). The board gender diversity is measured by the percentage of women participation in board. Findings Threshold effects in the relationships between board gender diversity and firm performance measures are found. For Tobin’s Q, the model has one threshold at the 34.17% of women directors’ appointment on boards. Similarly, for ROA, the model has one threshold at the 38.28% of women presence in the board. The results show that above the estimated threshold, women directorship has a positive impact on firm performance. However, below the threshold, there is a neutral relationship. The findings support the critical mass view that a minimum of one third women representation in board is compulsory to achieve the desired effect of gender diversity. Practical implications This study’s finding provides useful insights to managers, investors and policymakers. Managers and investors can identify the adequate board gender diversity levels that enhance firm performance. Policymakers are divided on whether mandatory or voluntary board gender quota should be adopted. This study suggests that a quota of one third can be used in policy implementation. Originality/value Unlike prior studies that consider the relationship between firm performance and board gender diversity as linear, to the best of the authors’ knowledge, this study is the first to investigate the threshold effects in this relationship using a new econometric approach.

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“…Several studies have identified factors that influence or determine the disclosure of information on CSR, such as board independence, board size, presence of a CSR committee, age of directors, nationality of directors, CEO duality, among other factor (Amorelli & García-Sánchez, 2020& Calabrese & Manello, 2021& Yang et al, 2019& Yarram & Adapa, 2021. Empirical evidence suggests that the presence of women on the board of directors -or gender diversity among its members -present a higher likelihood of disclosing more relevant and reliable information.…”

Section: Literature Review and Research Hypothesesmentioning

confidence: 99%

Divulgación De Información Social Y De La Mujer en La Junta Directiva

Moraes¹,

Ribeiro²,

Carvalho³

et al. 2022

RGSA

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Objective: the objective of this article is to verify if there is a critical mass of women to be reached in the board of directors to impact the extent of disclosure of information of a social nature and if the functional training and experience of the director in the sector of activity of the companies moderates this relationship. Theoretical framework: the research is based on studies on how the characteristics of the members of the board of directors affect the decision-making process about the disclosure of information of a social nature, using the literature on corporate social responsibility and the theory of the mass criticism. Method: the research is quantitative, descriptive, carried out by linear regressions with fixed effects panel data. The tests were applied to a sample of 104 publicly traded companies that voluntarily disclosed sustainability reports over a five-year period (2016 to 2020). Results and conclusion: The main findings reveal that the presence of women on the board of directors positively affects the extent of disclosure of information of a social nature. The critical mass of 4 women or more positively impacts the extent of disclosure of social information. And, when there is a critical mass of 4 women, the extent of this type of disclosure increases by 9.95%. The board member's functional training and experience in the company's sector of activity were not significant to moderate the relationship between the critical mass of women on the board and the extent of disclosure of information of a social nature. Research implications: the study has implications for academia, companies and regulatory bodies, as it implies the structure, composition and functioning of boards of directors, and the advantageous knowledge of the number of women needed on boards to make a difference in the improvement of policies for dissemination of social responsibility information. Originality/value: the research innovates by verifying the percentage of variation in the rate of disclosure of information of a social nature when there are one, two, three, four and five women on the councils; and when it includes moderation variables to verify if the individual characteristics of the council members moderate the relationship studied.

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Board diversity and performance in a masculine, aged and glocal supply chain: new empirical evidence

Cited by 20 publications

References 75 publications

Board characteristics and sustainability reporting: a case of listed firms in East Africa

Board characteristics and sustainability reporting: a case of listed firms in East Africa

Threshold effects of board gender diversity on firm performance: panel smooth transition regression model

Divulgación De Información Social Y De La Mujer en La Junta Directiva

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