Boardroom gender diversity: Implications for corporate sustainability disclosures in Malaysia

Zahid, Muhammad; Rahman, Haseeb Ur; Ali, Wajahat; Khan, Musa; Alharthi, Majed; Qureshi, Muhammad Imran; Jan, Amin

doi:10.1016/j.jclepro.2019.118683

Cited by 158 publications

(179 citation statements)

References 63 publications

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“…The current study also contributes towards the generalizability of the findings particularly in the context of developing countries. Finally, the findings and the subsequent inferences and recommendations are believed to be more consistent and appropriate as the findings without controlling endogeneity might be "spurious" or inappropriate as suggested by the previous studies (Soytas et al, 2019;Zahid, Rehman, et al, 2019).…”

Section: Discussionmentioning

confidence: 70%

“…Similarly, most of the data related to the CSD and FFP were available for these top banks and, hence, collected through content analysis procedure and analyzed. Content analysis is the most popular and widely used method in research on CSD and FFP (Ur Rehman et al, 2020;Zahid et al, 2019). In the content analysis, the data is recorded through dichotomous coding by assigning a value of 1 for the disclosure reported and 0 otherwise.…”

Section: Integrated Corporate Sustainability Strategiesmentioning

confidence: 99%

“…The data collection of the main activities related to CSD was recorded through the CSD index adapted from (Zahid, Rahman, et al, 2019b;Zahid, Rehman, et al, 2019), covering social, environ-mental, and economic dimensions of sustainability. This index already validated in the developing economies like Pakistan and Malaysia.…”

Section: Integrated Corporate Sustainability Strategiesmentioning

confidence: 99%

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Addressing endogeneity by proposing novel instrumental variables in the nexus of sustainability reporting and firm financial performance: A step‐by‐step procedure for non‐experts

et al. 2020

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Most of the prior literature that investigated the nexus between corporate sustainability disclosures (CSD) and firm financial performance (FFP) has largely been ignored the potential problem of endogeneity. The omitted variable(s), measurement error, and reverse causality, which are the known causes of endogeneity, may also be the possible reasons for the indecisive and inconsistent relationship between CSD and FFP. Accordingly, this study reinvestigates the relationship by addressing the problem of endogeneity through applying the two-stage least squares (2SLS) estimator to data collected from the annual reports of the top 10 Pakistani banks through content analysis from 2013 to 2017. The results show a positive impact of the CSD and social sustainability on FFP. However, environmental sustainability exerted a negative impact on FFP. The statistics for 2SLS are much different than those of the ordinary least squares (OLS), which explain the importance of addressing the endogeneity bias. The study offers a methodological procedure that identifies and addresses the endogeneity through a step-by-step process in Stata 13.0. Besides, the study also has a novelty to propose and validate additional instrumental variables for the research in the future. Overall, the study has many contributions and implications for different stakeholders such as academia, regulatory bodies, and practitioners in the field of corporate sustainability.

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Section: Discussionmentioning

confidence: 70%

Section: Integrated Corporate Sustainability Strategiesmentioning

confidence: 99%

Section: Integrated Corporate Sustainability Strategiesmentioning

confidence: 99%

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Addressing endogeneity by proposing novel instrumental variables in the nexus of sustainability reporting and firm financial performance: A step‐by‐step procedure for non‐experts

et al. 2020

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“…The previous divergences that are also identified in the research on the relationship between the gender diversity of the board and the CSR disclosure practices, in this regard see Figure 3. Among other approaches, authors use dependent variables such as CSR disclosure/reporting as social and environmental reporting, or sustainability disclosures, to determine the disclosure of a stand‐alone report or a report prepared according to an international standard (Amorelli & García‐Sánchez, 2019; Helfaya & Moussa, 2017; Mahmood et al, 2018; Mallin et al, 2013; Pucheta‐Martínez, Bel‐Oms, & Nekhili, 2019; Pucheta‐Martínez, Bel‐Oms, & Olcina‐Sempere, 2019; Ramon‐Llorens et al, 2020; Rodríguez‐Ariza et al, 2014; Zahid et al, 2020), compared to other studies that use scores such as the ESG variable from Thomson Reuters (Arayssi et al, 2016; Tamimi & Sebastianelli, 2017), or the Carbon Disclosure Project disclosure index (Ben‐Amar et al, 2015; Hollindale et al, 2019; Kılıç & Kuzey, 2019; Liao et al, 2015; Prado‐Lorenzo & Garcia‐Sanchez, 2010; Tingbani et al, 2020).…”

Section: Discourse and Trends In Board Gender Diversty And Corporate mentioning

confidence: 99%

Trends in the dynamic evolution of board gender diversity and corporate social responsibility

Amorelli

García‐Sánchez

2020

Corp Soc Responsibility Env

154

105

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A bibliometric and bibliographic review was carried out to determine the effect that gender diversity in a board of directors has on the level of business commitment to sustainable development and stakeholder engagement through the dissemination of social and environmental information. The review included 89 articles published in the 66 most prestigious journals on business, management, ethics and environmental sciences according to the journal citation reports on the ISI Web of Knowledge. There has been spectacular growth in this line of research since 2016, led by Spanish and American researchers. There is currently a paradigm shift in the theoretical frameworks that support these investigations in examining the organisational and institutional environments that favour the advantages associated with the presence of women in bodies responsible for business strategy. However, the latest papers are based on the use of the Critical mass theory and moderating factors in order to explaining the divergence of results.

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“…Various well-known scales and financial crisis help the authorities to recognize the significance and implementation of governance mechanisms in the company's structures. Studies reported that one of the significant reasons for AFC 1997 (Asian financial crisis) was the misuse of financial resources and also the lack of corporate governance mechanisms (Zahid et al, 2020).…”

Section: Internal Governance Mechanisms In Malaysian Listed Firmmentioning

confidence: 99%

Corporate Governance Practices and Its Effect on Corporate Financial Performance: A Pragmatic Evidence From Malaysia

Khan¹,

Rehman²,

Hashmi³

2020

PJHSSR

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Current corporate governance failure and financial scandals are the reason for the governance mechanism due to ignoring the adoption of governance mechanisms in corporate practices. The main objective of the paper is to investigate the association between governance mechanism corporate performances based on extant literature and to put a light on the current governance mechanism in the Malaysian firms. This paper emphasizes the compliance of governance mechanism and the role of MCCG in improving the performance of corporate firms. This paper highlights the issues, current corporate scandals, and failure of corporate governance mechanisms in the first and second decades of the 21st century. Various scandals and misconduct are discussed to report the problems allied to corporate governance. This paper addresses the various corporate governance theories, models, and good governance structure. The internal and external governance mechanisms have been discussed in detail to put a light on its influence on corporate performance

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Boardroom gender diversity: Implications for corporate sustainability disclosures in Malaysia

Cited by 158 publications

References 63 publications

Addressing endogeneity by proposing novel instrumental variables in the nexus of sustainability reporting and firm financial performance: A step‐by‐step procedure for non‐experts

Addressing endogeneity by proposing novel instrumental variables in the nexus of sustainability reporting and firm financial performance: A step‐by‐step procedure for non‐experts

Trends in the dynamic evolution of board gender diversity and corporate social responsibility

Corporate Governance Practices and Its Effect on Corporate Financial Performance: A Pragmatic Evidence From Malaysia

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