Effects of female directors on gender diversity at lower organization levels and CSR performance: Evidence in Japan

Nguyen, Thanh Thi Phuong; Thai, Hanh Minh

doi:10.1016/j.gfj.2022.100749

Cited by 14 publications

(2 citation statements)

References 54 publications

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“…As for ROA, it is found that board gender diversity weakens relationship of social dimension with ROAt+1, shown from lower adjusted R-square in moderated condition . This finding is not consistent with result presented by Nguyen & Thai (2022) that proved that board gender diversity positively associated with better CSR performance, in which we expect better financial performance as well. However, this finding is consistent with research by Yarram & Adapa (2022), in which stated that there is negative association between gender diversity and corporate risk-taking activities.…”

Section: Hypothesis Testingcontrasting

confidence: 98%

The Moderating Role of Board Diversity and COVID-19 on ESG Dimension Relationship with Financial Performance

Manik

2023

Ekspektra J. Bisnis dan Manaj.

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ESG (environmental, social, and governance) had been a field of interest globally these past few years. The purpose of this study was to evaluate impact of each ESG dimension using content analysis method to corporate financial performance (CFP) with board diversity and COVID-19 as moderating variables. Using panel data set consisting of sample of 39 nonfinancial companies listed in ESGSKEHATI during the period 2017 – 2021, it was found that ESG dimension simultaneously had significant positive impact on CFP proxied by ROA. In addition to that, it was found that interaction of social dimension with ROA weakened through moderating role of board gender diversity. In other words, ROA was expected to decrease when social disclosure items were maintained by the presence of this gender diversity. In contrast, interaction of social dimension with market value strengthened through moderating role of board gender diversity. Tobin’s Q was expected to increase when social disclosure items were maintained by the presence of this gender diversity. The other finding showed that COVID-19 pandemic strengthens interaction of social dimension with Tobin’s Q. Stakeholders need to be aware of potential impact of each ESG dimension, benefits of having board diversity, and anticipating pandemic condition impact on CFP.

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Section: Hypothesis Testingcontrasting

confidence: 98%

The Moderating Role of Board Diversity and COVID-19 on ESG Dimension Relationship with Financial Performance

Manik

2023

Ekspektra J. Bisnis dan Manaj.

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“…From the perspective of upper‐echelons theory, females might have distinctive characteristics compared to men that allow them to improve the effectiveness of CSR and sustainability‐related initiatives (Orazalin, 2020). For example, their more communal characteristics (Njiwa et al, 2023), engagement with diverse range of functions (Yarram & Adapa, 2021), leadership styles (Galbreath, 2016; Pucheta‐Martínez & Gallego‐Álvarez, 2019), and moral reasoning (Nguyen & Thai, 2022) make them more likely to influence firms to increase their CSR investment and lead them to influence their prosocial actions. Empirically, Bear et al (2010) are among the few researchers who have worked on the hypothetical relationship between board gender diversity‐CSR‐firm reputation.…”

Section: Conceptual Framework and Hypothesis Developmentmentioning

confidence: 99%

Are CSR and advertising complements or substitutes in spurring firm visibility? Moderating effect of board diversity, CSR committees, and financial slack

Karmani,

Kuzey,

Uyar

et al. 2023

Corp Soc Responsibility Env

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This paper examines corporate social responsibility (CSR) and advertising as two firm visibility channels and tests their complementarity/substitution. The study extends the investigation with moderating variables, including board gender diversity, CSR committees, and financial slack. Using a sample that includes 53,835 firm‐year observations worldwide associated with 10 business sectors from 2007 to 2019, we find that CSR performance is negatively associated with advertising; this holds for the aggregate CSR score as well as for environmental and social pillars but not for the governance pillar. This implies that two visibility channels—namely CSR and advertising—are substitutes except for the governance dimension. Furthermore, female directors do not advocate for the two visibility channels but instead are proponents of one, in line with the agency cost approach. However, CSR committees fully promote two communication channels supported by the composite and three individual pillars of CSR. Finally, financial slack matters in utilizing two publicity channels concurrently. The findings show that several contingencies must be taken into account to improve companies' visibility while avoiding exacerbating agency costs for better business management.

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Do women board members contribute to companies’ superior environmental performance? A literature review

Fernández-Torres,

Gallego-Sosa,

Gutiérrez-Fernández

2024

Rev Manag Sci

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The urgent need to tackle climate change has led scholars to study the factors that affect companies’ ability to achieve superior environmental performance. One such factor, the influence of women board members, has received considerable attention because of women’s greater tendency to care for the planet. However, to the best of the authors’ knowledge, no literature review has yet attempted to describe the state of the art of this relationship and its conditioning factors. Therefore, this paper aims to identify the degree of consensus in the literature regarding the role of board gender diversity in environmental performance and to specify the variables that condition this relationship. The content of all studies that offer evidence of this relationship is analyzed. The results imply that there is a high degree of consensus regarding the positive influence of female leadership on environmental performance in studies that focus exclusively on this relationship. The review also shows that this relationship is conditioned by numerous factors. However, the evidence in this regard is scant and in some cases inconclusive. Therefore, this review reveals both the scope and the unfilled needs in this field of study. It thus supports the sharing of knowledge on this topic and draws attention to the questions that need to be addressed.

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Effects of female directors on gender diversity at lower organization levels and CSR performance: Evidence in Japan

Cited by 14 publications

References 54 publications

The Moderating Role of Board Diversity and COVID-19 on ESG Dimension Relationship with Financial Performance

The Moderating Role of Board Diversity and COVID-19 on ESG Dimension Relationship with Financial Performance

Are CSR and advertising complements or substitutes in spurring firm visibility? Moderating effect of board diversity, CSR committees, and financial slack

Do women board members contribute to companies’ superior environmental performance? A literature review

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