Boardroom nationality and gender diversity: Implications for corporate sustainability performance

Zaid, Mohammad A.A.; Wang, Man; Adib, Mohamed; Sahyouni, Ahmad; Abuhijleh, Sara T.F.

doi:10.1016/j.jclepro.2019.119652

Cited by 150 publications

(147 citation statements)

References 76 publications

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“…However, many studies have shown that companies with greater board gender diversity adopt more actions and strategies aimed at environmental sustainability [24,43,50,73,137]. The argument is that women board members focus more on social and environmental issues [47,138,139]. Therefore, the evidence provided by this study contradicts studies that indicate that board gender diversity is positively related to environmental performance [44,[86][87][88] and reduced resource use and emissions [27,85,140].…”

Section: Variablescontrasting

confidence: 75%

Environmental Performance of the Tourism Sector from a Gender Diversity Perspective

Torres

Gutiérrez-Fernández

Gallego-Sosa

2021

IJERPH

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The tourism sector is a driver of economic development characterised by its environmental impact. It is a prevalent part of the 2030 Agenda, given its potential to help meet the Sustainable Development Goals (SDGs). At the same time, board gender diversity is considered essential for companies to implement environmentally sustainable initiatives. However, analysis of the relationship between the role of women on boards and environmental performance has been neglected in the tourism literature. This paper adopts a novel approach to the study of this sector by analysing the relationship between gender diversity on the board of directors and companies’ environmental practices. A fixed effects model is estimated using an international sample of 120 listed tourism companies for the period 2002 to 2019. The results show that boards that are more gender diverse and have a greater female presence are associated with poorer environmental performance and a weaker implementation of policies and practices to reduce resource use and emissions. However, board gender diversity aids performance in environmental innovation.

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Section: Variablescontrasting

confidence: 75%

Environmental Performance of the Tourism Sector from a Gender Diversity Perspective

Torres

Gutiérrez-Fernández

Gallego-Sosa

2021

IJERPH

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“…The absence of a significant relationship between gender diversity and CSR has been reported by several authors [94,[116][117][118]. The reasons that have been posited to explain this finding include low female representation on boards of directors, which prevents the development of the full potential of women directors [94,118]. This argument holds for the present study.…”

Section: Discussionsupporting

confidence: 61%

“…Similarly, in most of the hypothesis tests, no statistically significant differences were found between banks with low versus high board gender diversity in terms of their commitment to the SDGs. The absence of a significant relationship between gender diversity and CSR has been reported by several authors [94,[116][117][118]. The reasons that have been posited to explain this finding include low female representation on boards of directors, which prevents the development of the full potential of women directors [94,118].…”

Section: Discussionmentioning

confidence: 94%

Corporate Social Responsibility in the European Banking Sector: Commitment to the 2030 Agenda and Its Relationship with Gender Diversity

et al. 2021

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This study examines the degree of corporate social responsibility (CSR) in the European banking sector in terms of commitment to the 2030 Agenda Sustainable Development Goals (SDGs). It also explores whether gender diversity on the board of directors can be used to differentiate between companies with different degrees of engagement with the SDGs. This question is important, given that achieving equal opportunities for women is a CSR priority for today’s companies given stakeholders’ demands. Descriptive and inferential statistical analyses are conducted using a sample of the 30 largest banks in Europe in terms of market capitalization as of 15 February 2019. Key conclusions are that most of the analyzed banks target at least one of the SDGs and that the banks that are most committed to Goals 11 (Sustainable Cities and Communities) and 13 (Climate Action) of the 2030 Agenda have greater gender diversity on their boards of directors.

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“…The literature on the connection between CG and CSR has grown expeditiously in recent years. Besides, most of these efforts have been dedicated to examining the effect of board characteristics on CSR (i.e., Bear et al, 2010;Jizi et al, 2014;Khan et al, 2013;Zaid, Wang, et al, 2020). Board independence would enhance the controlling and monitoring of the management's behaviour (Fama & Jensen, 1983), and is more capable of meeting stakeholders interests (Zahra & Stanton, 1988); thus, the existence of an independent board would lead to more information disclosure, fewer information asymmetries and better corporation image (Fama & Jensen, 1983).…”

Section: Introductionmentioning

confidence: 99%

The effect of the board on corporate social responsibility: bibliometric and social network analysis

Dwekat

Seguí‐Mas

Tormo‐Carbó

2020

Economic Research-Ekonomska Istraživanja

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This is the first study that presents a full picture of the field by using a combination of two methodologies, bibliometric and social network analysis (SNA). Thus, this work maps the knowledge of previous research and suggest new avenues for future research for the relationship between board characteristics and corporate social responsibility (CSR) and CSR disclosure (CSRD). We analysed 242 articles published on Web of Science database (WoS) journals for the period 1992-2019. The results show that board characteristics have a significant impact on CSR literature in terms of citations and high-quality journals. Moreover, the trend of the papers published in the field is increasing in the last five years. Our work clusters the literature according to keywords and draws the primary authors' networks. This study also draws potential future avenues for research in the field in terms of research gaps (governance mechanisms, variables, countries, etc.). Furthermore, our results suggest some potential areas of interest for future political reforms of board of directors' guidelines.

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Boardroom nationality and gender diversity: Implications for corporate sustainability performance

Cited by 150 publications

References 76 publications

Environmental Performance of the Tourism Sector from a Gender Diversity Perspective

Environmental Performance of the Tourism Sector from a Gender Diversity Perspective

Corporate Social Responsibility in the European Banking Sector: Commitment to the 2030 Agenda and Its Relationship with Gender Diversity

The effect of the board on corporate social responsibility: bibliometric and social network analysis

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