Gender Diversity on Boards and Firms’ Environmental Policy

Ji, Li; Zhao, Fuqiang; Chen, Silu; Jiang, Wanxing; Liu, Tao; Shi, Shengping

doi:10.1002/bse.1918

Cited by 152 publications

(172 citation statements)

References 56 publications

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“…Thus, Hypothesis is supported. Our result illustrated in Figure is consistent with the findings in Li et al () who also found an industry effect. However, compared with Li et al (), we use a much larger sample size (4,872 firm‐year observations vs. 865 observations), more recent data (2009–2015 vs. 2010), and a different dependent variable (environmental performance vs. environmental policy).…”

Section: Resultssupporting

confidence: 93%

Board gender diversity and environmental performance: An industries perspective

2019

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This study investigates whether gender diversity on the board of directors in the United States is associated with firms' environmental performance. Under the theoretical framework of resource dependence theory, we argue that gender diversity brings a greater variety of skills to the board. Diversity allows for a healthy mix of knowledge and experience to improve the decision‐making process of the board. Using propensity score matching and controlling for endogeneity, this study uses a more rigorous statistical model than previous work. It also uses content analysis of directors' biographies to provide evidence of the role that gender diversity plays. We find gender diversity is positively associated with firms' environmental performance scores primarily in the more environmentally impacting industries. Therefore, our research provides valuable direction for those firms working to improve both their boards' gender diversity and their environmental performance. Our findings also offer insight into the mixed results of previous studies.

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Section: Resultssupporting

confidence: 93%

Board gender diversity and environmental performance: An industries perspective

2019

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“…First, most studies have been conducted in the context of developed countries [24]. Therefore, it is unclear whether the conclusions from the previous studies with samples from developed countries are still supported in developing countries.…”

Section: Introductionmentioning

confidence: 93%

“…Independent directors are more likely to highlight the importance of CSR concerns [62]. We also control the industry of the firm samples based on the three-digit industry code used by China Securities Regulatory Commission (CSRC) as the industry has been recognized as a significant factor influencing the firms' CSR performance [24]. The summary of the measurement for each variable has been presented in Table 2.…”

Section: Measurementmentioning

confidence: 99%

Board Composition and Corporate Social Responsibility Performance: Evidence from Chinese Public Firms

2018

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This study investigates the relationship between board composition and corporate social responsibility (CSR) performance. Specifically, we examine the impact of board composition (aspects like political experience, academic experience, overseas background, and gender diversity) on CSR performance. We test our hypotheses using data collected from 839 Chinese public firms during the period from 2008 to 2016. Applying generalized least squares regression, the study shows that the political experience, academic experience, and overseas background of the board members are positively related to the firm's CSR performance. Moreover, we discuss the distinctive relationship between gender diversity and CSR performance in the context of Chinese culture. We extend the CSR literature by examining unique aspects of board composition in the Chinese context and offer fruitful implications for both scholars and practitioners.

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“…Moreover, sustainability expertise, for example, in the form of a sustainability committee, may also positively affect SRQ (Cucari, Esposito De Falco, & Orlando, 2018;Hahn & Kühnen, 2013;Helfaya & Moussa, 2017;Liao et al, 2015;Michelon & Parbonetti, 2012). Diversity of board members is assumed to add broad and heterogeneous perspectives to the boards' decision-making processes, which may improve CSP and enhance firms' ability to meet the needs of broader stakeholder groups (Landry, Bernardi, & Bosco, 2016;Li et al, 2017;Liao et al, 2015;Prado-Lorenzo & Garcia-Sanchez, 2010;Rao & Tilt, 2016). Diversity of board members is assumed to add broad and heterogeneous perspectives to the boards' decision-making processes, which may improve CSP and enhance firms' ability to meet the needs of broader stakeholder groups (Landry, Bernardi, & Bosco, 2016;Li et al, 2017;Liao et al, 2015;Prado-Lorenzo & Garcia-Sanchez, 2010;Rao & Tilt, 2016).…”

Section: Theoretical Framework and Hypothesesmentioning

confidence: 99%

Corporate governance and sustainable business conduct—Effects of board monitoring effectiveness and stakeholder engagement on corporate sustainability performance and disclosure choices

Manning

Braam

Reimsbach

2018

Corp Soc Responsibility Env

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This study posits that, in the absence of extensive mandatory regulation and auditing, differences in internal and external corporate governance (CG) mechanisms will explain variations in choices concerning corporate sustainability reporting and the interrelated and underlying corporate sustainability performance (CSP). Specifically, we explore whether board monitoring effectiveness as a major internal CG mechanism and stakeholder engagement as a key external CG mechanism are positively associated with sustainability reporting quality (SRQ), compliance with generally accepted sustainability reporting standards (SRC) and guidelines, and CSP for a sample of Dutch firms that have voluntarily disclosed sustainability reports during the years 2012-2016. In addition to these direct effects, we also investigate the potential indirect effects of the CG mechanisms on SRQ and SRC via CSP and distinguish between nonlagged and lag effects. Using structural equation modeling, our results show that, in the short term, monitoring effectiveness positively affects SRQ and SRC. Stakeholder engagement positively affects SRQ and SRC in the short term and is positively related to SRQ via CSP in the longer term, indicating that active stakeholders, over time, may drive companies toward more sustainable business conduct. Finally, the findings that CSP is positively related to SRQ but negatively related to SRC provide further support for signaling and legitimacy theory, respectively. Companies with superior CSP disclose high-quality information on CSP to signal the firm's superior sustainability performance, whereas poor performing companies legitimize their inferior CSP by complying with more reporting standards, rather than by directly improving their underlying CSP.

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Gender Diversity on Boards and Firms’ Environmental Policy

Cited by 152 publications

References 56 publications

Board gender diversity and environmental performance: An industries perspective

Board gender diversity and environmental performance: An industries perspective

Board Composition and Corporate Social Responsibility Performance: Evidence from Chinese Public Firms

Corporate governance and sustainable business conduct—Effects of board monitoring effectiveness and stakeholder engagement on corporate sustainability performance and disclosure choices

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