Board gender diversity and firm performance: The moderating role of firm size

Li, Haishan; Chen, Peng

doi:10.1111/beer.12188

Cited by 148 publications

(139 citation statements)

References 90 publications

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“…Another control variable used is leverage, defined as LEV. Firm size (e.g., Rodríguez‐Ariza, Cuadrado‐Ballesteros, Martínez‐Ferrero, & García‐Sánchez, ), defined as SIZE, is also controlled for (Li & Chen, ). Finally, we have taken into account the business sector, defined as SEC, which is calculated as a dummy variable that equals 1 if the company belongs to the sector analysed, with 0 otherwise.…”

Section: Methodsmentioning

confidence: 99%

Commitment of independent and institutional women directors to corporate social responsibility reporting

Pucheta‐Martínez

Bel‐Oms

Olcina‐Sempere

2018

Business Ethics: A Eur Rev

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This paper examines how independent and institutional women directors on boards affect corporate social responsibility (hereafter CSR) reporting. Most of the previous empirical evidence has shown a linear association between female directors and CSR disclosure, but to the best of our knowledge, no research has investigated the individual effect of independent and institutional female directors on CSR reporting. Therefore, the analysis of how the disclosure of CSR information is affected by independent and institutional women directors in a separate way merits our attention. Thus, we posit that there is a nonlinear association, concretely quadratic, between independent and institutional female directors on boards and CSR reporting. Our results demonstrate that, in line with the monitoring hypothesis, as the presence of independent and institutional women directors on boards increases, the CSR disclosure improves, but when their presence on boards reaches a tipping point (20.47% and 13.32%, respectively), CSR reporting decreases, which is consistent with the collusion hypothesis. This research contributes to the existing literature on the relationship between board gender diversity and CSR disclosure by suggesting that board structures formed by institutional and independent female directors have an effect on CSR reporting. Hence, female directors play a relevant role on boards since they may influence the CSR disclosure.

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Section: Methodsmentioning

confidence: 99%

Commitment of independent and institutional women directors to corporate social responsibility reporting

Pucheta‐Martínez

Bel‐Oms

Olcina‐Sempere

2018

Business Ethics: A Eur Rev

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“…Following the argument of Chi and Lee (2010) that the value of corporate governance is conditional in nature, we presume that the relationship between directors’ busyness and firm performance is also conditional on the firm‐specific governance context. In this study, we build on the notion that firm size is a key organizational factor that may enable or impede a firm's activities, including decision‐making and group processes (Li & Chen, 2018). An increase in firm size will lead to higher organizational and environmental complexity (Blau, 1970; Lawrence & Lorsch, 1967), resulting in a higher demand for administrative inputs, intense monitoring, and advising (Arnegger, Hofmann, Pull, & Vetter, 2014; Lawrence & Lorsch, 1967).…”

Section: Literature Reviewmentioning

confidence: 99%

“…Therefore, we aim to add to the literature by introducing firm size as a moderator. Firm size is an important overlooked potential moderator and it reflects a higher organizational complexity, which is an important determinant of different kinds of corporate governance needs (Gong, Zhou, & Chang, 2013; Green & Peloza, 2014; Li & Chen, 2018; Xie, 2014).…”

Section: Introductionmentioning

confidence: 99%

Multiple directorships in emerging countries: Fiduciary duties at stake?

Latif

Voordeckers

Lambrechts

et al. 2020

Business Ethics: A Eur Rev

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This study investigates the effect of multiple directorships on firm performance, using a database of non-financial firms listed on the Pakistan stock exchange. Prior literature provides inconsistent evidence on the relationship between multiple directorships and firm performance in an emerging country context, which may be the result of overlooking both the large differences in institutional environments among emerging countries and the dynamic endogenous relationships between board variables and firm performance. We aim to contribute to this academic debate by focusing on directorship appointments to multiple boards in a weak institutional context.Corporate governance practices, such as boards with outside directors exercising their fiduciary duties, are crucial for effective governance in weak institutional environments. However, serving in multiple directorships is expected to compromise the execution of director duties. Using a dynamic system Generalized Method of Moments model, our findings show, indeed, a negative effect of multiple directorships on firm performance in a weak institutional environment. Building on the premise that corporate governance is conditional in nature, we also tested the moderating influence of firm size on this relationship, but we did not find supporting evidence in a dynamic model setting. Our results have important practical implications for policy makers as well as firms.

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“…For instance, market participants and the government developed the corporate governance structure of Chinese firms. As a further example, in 2006, the China Securities Regulatory Commission (CSRC) focused on the improvement of governance structure as a priority [24]. In response to deepening market development, Chinese firms have gradually implemented corporate governance structures; in particular, many measures were adopted in the area of the board of directors and executives [25].…”

Section: Introductionmentioning

confidence: 99%

The Effects of Market Competition, Capital Structure, and CEO Duality on Firm Performance: A Mediation Analysis by Incorporating the GMM Model Technique

et al. 2020

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This current study is one of the few investigations to conduct a focalized examination of the relationship between CEO duality and firm performance; however, this relationship seems to be imprecise due to the impact of the invention mechanism. This study explores the effect of CEO duality to achieve firm performance through the mediating effects of capital structure and market competition, which is an innovative model. The study incorporated the generalized method of moments (GMM) model to examine the proposed association of the CEO duality and firm performance, and the findings specified a negative relationship between CEO duality and firm performance. The results indicated that capital structure partially mediated the association between CEO duality and firm performance. The results also showed that market competition fully mediated this linkage between CEO duality and firm performance, which in turn specified a significant positive relationship with market competition, which mediated a positive relationship. By incorporating these mediators, the results determined that CEO duality reduces firm performance through the capital structure; however, it enhances firm performance by stimulating market competition.

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Board gender diversity and firm performance: The moderating role of firm size

Cited by 148 publications

References 90 publications

Commitment of independent and institutional women directors to corporate social responsibility reporting

Commitment of independent and institutional women directors to corporate social responsibility reporting

Multiple directorships in emerging countries: Fiduciary duties at stake?

The Effects of Market Competition, Capital Structure, and CEO Duality on Firm Performance: A Mediation Analysis by Incorporating the GMM Model Technique

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