Does board gender diversity improve the welfare of lesbian, gay, bisexual, and transgender employees?

Kyaw, Khine; Treepongkaruna, Sirimon; Jiraporn, Pornsit; Padungsaksawasdi, Chaiyuth

doi:10.1002/csr.2196

Cited by 13 publications

(7 citation statements)

References 66 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…In addition, as women are more concerned with ethical conduct (Ford & Richardson, 1994), gender diversity can lead to better social performance. (Veltri et al, 2021; Cucari et al, 2018; Kassinis et al, 2016; Hafsi & Turgut, 2013; Yasser et al, 2017; Xie et al, 2020; Orazanlin and Baydauletov, 2020; Amorelli and Garcia‐Sanchez, 2021; Kyaw et al, 2022; Buertey, 2021; Cuadrado‐Ballesteros et al, 2017; Bernardi et al, 2011; Liu et al, 2020; McGuinness et al, 2017) and better CSR disclosure (Cabeza‐García et al, 2018; Nekhili et al., 2017; Rao & Tilt, 2016).…”

Section: Review Of Related Literaturesmentioning

confidence: 99%

Board gender diversity, corporate social commitment and sustainability

Arayakarnkul

Chatjuthamard

Treepongkaruna

2022

Corp Soc Responsibility Env

Self Cite

View full text Add to dashboard Cite

Building a sustainable organization is one of the most important goals in business. To build sustainability, firms need to have strong social commitment to establish valuecreating stakeholder relationships. As boards of directors play a critical role in setting strategy, providing management oversight and monitoring, it is also their responsibility to ensure the firm's commitment to its social responsibilities. With the right composition, boards can be effective in driving long-term vision and creating good stakeholder relationships, contributing to firms' social capital. In this paper, we analyze board characteristics of publicly listed US firms and find evidence that support the diversity theory. In particular, that board gender diversity (proportion of female directors) is positively associated with firms' social commitment to human rights, product responsibility, and their community and workforce, evidencing female directors' contribution to firms' sustainability. To ensure the robustness of our analysis, we conduct additional analyses including propensity score matching, entropy balancing, and instrumental-variable analysis.

show abstract

Section: Review Of Related Literaturesmentioning

confidence: 99%

Board gender diversity, corporate social commitment and sustainability

Arayakarnkul

Chatjuthamard

Treepongkaruna

2022

Corp Soc Responsibility Env

Self Cite

View full text Add to dashboard Cite

show abstract

“…It is imperative to discuss the connection between diversity of the board gender and firm performance. Agency theory is used to explain reductions in firm performance and value due to agency costs arises from misalignment of interest between management and shareholders (Finegold et al, 2007; Kyaw et al, 2022). Given that the boards of directors are necessary to reduce agency problems, the characteristics of the board of directors are crucial to enhance its role in harmonizing the interests of shareholders and management (Hillman & Dalziel, 2003; Salleh et al, 2022).…”

Section: Literature Review and Hypotheses Developmentmentioning

confidence: 99%

Board gender diversity and firm performance: The mediating role of sustainability disclosure

Alodat

Salleh

Nobanee

et al. 2023

Corp Soc Responsibility Env

View full text Add to dashboard Cite

This study aims to investigate the mediating role of sustainability disclosure in the relationship between board gender diversity and performance of the firm in the nonfinancial listed on Amman Stock Exchange (ASE). Using data from Jordan listed firms in ASE for the period of 2014-2018, the direct effect between board gender diversity on firm performance was examined, and the indirect effect of the mediating role of sustainability disclosure was also tested. The findings showed that board gender diversity has a positive and significant effect on performance of the firm. Furthermore, the results showed that sustainability disclosure fully mediates the relationship between board gender diversity and the performance of the firm. This study contributes to the knowledge by examining the mediating role of the sustainability disclosure on the relationship between board diversity and firm performance. Integrating knowledge of gender, corporate governance and sustainability enrich the study of firm performance. Regulators, investors and managers should consider not only gender diversity as a key enabler of growth but also sustainability disclosure. By increasing the level of sustainability disclosure and having a sound governance system may improve firm performance which in turn attracts investors because sophisticated investors nowadays embed sustainability consideration into their strategies to generate positive outcomes. In addition, this study provides evidence on sustainability disclosure as a mediating variable on the relationship between board gender diversity and performance of the firm in the ASE which is one of the emerging markets.

show abstract

“…In this line, gender diversity increases the board's resource capacity regarding knowledge, values, skills and networks (Konadu et al, 2022). Thus, the presence of women on the board can enrich the resources available in the board's decision-making (Kyaw et al, 2022). Aksoy and Yilmaz (2023) reported that the presence of women on the board reduces the corporate risk for 211 nonfinancial companies listed on Borsa Istanbul during 2016-2020.…”

Section: Board Gender Diversity and Systematic Riskmentioning

confidence: 99%

“…, 2022). Thus, the presence of women on the board can enrich the resources available in the board’s decision-making (Kyaw et al. , 2022).…”

Section: Literature Review and Hypothesis Developmentmentioning

confidence: 99%

Board diversity and systematic risk: evidence from emerging markets

Daniel‐Vasconcelos

Crisóstomo

Ribeiro

2023

View full text Add to dashboard Cite

Purpose This study aims to investigate the association between board diversity and systematic risk. The theoretical framework used in this study is based on agency and resource dependency theories.Design/methodology/approach Using a panel data set of 788 firms listed in the Morgan Stanley Capital International (MSCI) Emerging Markets index from 2015 to 2020, the authors apply Panel-Corrected Standard Error estimation method to test the three proposed hypotheses and the two-stage least squares method is adopted for the endogenous test.Findings The results suggest that board-specific skills diversity (BSSD) and board independence (BIND) have a negative impact on systematic risk. On the other hand, board gender diversity does not affect systematic risk. The findings reinforce the relevance of board diversity for reducing systematic risk and offer valuable insights for policymakers and investors, suggesting that the presence of directors with specific skills and independent directors could reduce firms’ systematic risk.Research limitations/implications The study extends the scope of agency and resource dependency theories by suggesting that the BSSD and BIND reduce agency costs and bring critical resources to the firm’s survival.Practical implications The findings support policymakers and managers in reducing systematic risk. In addition, the results demonstrate the importance of policies that encourage board diversity and BIND.Social implications The study demonstrates how companies can reduce systematic risk through board diversity and BIND.Originality/value To the best of our knowledge, this is the first study to investigate the association between board diversity and systematic risk only in emerging markets.

show abstract

Does board gender diversity improve the welfare of lesbian, gay, bisexual, and transgender employees?

Cited by 13 publications

References 66 publications

Board gender diversity, corporate social commitment and sustainability

Board gender diversity, corporate social commitment and sustainability

Board gender diversity and firm performance: The mediating role of sustainability disclosure

Board diversity and systematic risk: evidence from emerging markets

Contact Info

Product

Resources

About