Measuring the impact of board gender and cultural diversity on corporate governance and social performance: evidence from emerging markets

Yılmaz, Mustafa Kemal; Hacıoğlu, Ümit; Tatoğlu, Ekrem; Aksoy, Mine; Duran, Selman

doi:10.1080/1331677x.2022.2106503

Cited by 14 publications

(10 citation statements)

References 169 publications

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“…The study results revealed that there was a statistically insignificant relationship between including women on the board and financial reporting quality. This is contrary to Alfraih (2016); Isidro and Sobral (2015); Yilmaz et al, (2022) who conjecture that women play an active role in monitoring the quality of financial reporting and that they are more compliant with ethical principles and unique leadership skills. Furthermore, the results contradict Donkor (2021) who found a significant positive relationship between board gender diversity and reporting quality and Pucheta-Martınez et al, (2016) who found that the proportion of females on the audit committee increases financial reporting quality.…”

Section: Audit Committee Independence and Financial Reporting Qualitymentioning

confidence: 66%

“…Pucheta-Martınez et al, (2016) found that the proportion of females on the audit committee increases financial reporting quality and Donkor (2021) also found a significant positive relationship between board gender diversity and reporting quality. Yilmaz et al, (2022) found that gender and cultural diversity positively affect corporate governance performance and therefore, postulate that female directors have unique leadership skills that helps to mitigate agency problems and enhancement the board's monitoring role.…”

Section: Board Gender Diversity and Financial Reporting Qualitymentioning

confidence: 99%

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Corporate governance attributes and financial reporting quality

Kabwe

2023

IJRBS

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The study's objective was to analyse the relationship between corporate governance attributes and financial reporting quality from a developing country perspective. Data was collected through quantitative content analysis of annual reports and audited financial statements (2012 to 2018) of Zambian-listed companies. This was a longitudinal study that involved panel data analysis. Therefore, a Hausman test was conducted to select the model to use. Panel regression analysis was used as a data analysis technique. Results show a statistically significant positive relationship between board size and financial reporting quality. A positive but statistically insignificant relationship existed between board accounting expertise, board gender diversity, audit committee independence and financial reporting quality. A negative but insignificant relationship existed between board independence and financial reporting quality. The corporate governance system alone cannot guarantee quality financial information by reporting entities. This could be related to the lack of an effective corporate governance system. Therefore, authorities must consider strengthening the regulatory enforcement mechanisms to ensure that companies achieve high financial reporting quality.

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Section: Audit Committee Independence and Financial Reporting Qualitymentioning

confidence: 66%

Section: Board Gender Diversity and Financial Reporting Qualitymentioning

confidence: 99%

Corporate governance attributes and financial reporting quality

Kabwe

2023

IJRBS

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“…Gender Diversity While many authors have looked at the link between business traits, board diversity, and corporate performance, there has been limited research on how board gender diversity affects CSP&P [26,59]. Gender diversity is an important aspect of CG, as a well-balanced board can help the board function properly.…”

Section: H1b Board Independence Will Positively Influence Cspandpmentioning

confidence: 99%

“…Gender diversity is an important aspect of CG, as a well-balanced board can help the board function properly. The inclusion of more female members may calm difficulties in achieving consensus and increase team decision-making effectiveness [59]. Existing studies on gender diversity offer different opinions.…”

Section: H1b Board Independence Will Positively Influence Cspandpmentioning

confidence: 99%

“…Existing studies on gender diversity offer different opinions. For instance, as opined by [59], female board representation enhances corporate governance performance, as they bring diverse leadership talents to the table and are more adaptable in their viewpoints. Thus, they increase communication, lessen groupthink, and enhance the relationships between board members and employees while also enhancing creativity and innovation [11].…”

Section: H1b Board Independence Will Positively Influence Cspandpmentioning

confidence: 99%

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Firm-Level Attributes, Industry-Specific Factors, Stakeholder Pressure, and Country-Level Attributes: Global Evidence of What Inspires Corporate Sustainability Practices and Performance

Gold

Taib

2022

Sustainability

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This study examined differing attributes that motivate corporate sustainability practices and performance (CSP&P) in the global economy. Utilizing publicly disclosed information from the Carbon Disclosure Project (CDP), data were gathered for publicly listed companies operating in high carbon-intensive and less carbon-intensive sectors on a global scale, and a panel ordered probit regression model analysis was conducted to arrive at the findings. The rigorous reliability and validity of the scales were ensured. Firm-level attributes, industry-specific factors, stakeholder pressure, and country-level attributes were the variables examined for each context. The findings reveal that the firm-level attributes showed that board size, board independence, sustainability committee, and firm size were linked to positive motivation, while firm age was found to negatively influence the response level. The study discovered that the industry-specific factors variable has a negative significant influence because industry leaders (firms in high carbon-intensive sectors) exhibit poor sustainability performance, suggesting a negative attitude towards environmental issues. The study discovered a positive and highly significant influence of stakeholder pressure, while country-level attributes partially played a significant role. Overall, the findings show that a disparity exists in the level of response between the different global economies. The justification for the findings is based on the theory of interested parties, political theory, and legitimacy concerns that shape the strategic choices made by companies.

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ESG disclosure in G7 countries: Do board cultural diversity and structure policy matter?

Aliani,

Hamza,

Alessa

et al. 2024

Corp Soc Responsibility Env

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The aim of this paper is to investigate the impact of board cultural diversity (BCDIV) and board structure policy (BSP) on environmental, social, and governance (ESG) disclosure. The sample of this study includes 2988 companies from G7 countries during the 2015–2022 period. Our empirical results reveal that boards with heterogeneous cultural directors and the existence of BSP improve overall ESG scores. Further analysis shows that BSP is a crucial determinant of the governance dimension, one of the pillars of ESG disclosures, whereas BCDIV affects the social dimension more. The findings of this paper offer policy insights, highlighting the importance of BCDIV and BSP for better ESG disclosure. Policymakers should therefore establish regulations that encourage BCDIV and BSP and promote ESG disclosure. Corporate governance reforms that aim to improve the effectiveness and efficiency of boards are critical in order for companies to attain both financial and sustainable development.

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Measuring the impact of board gender and cultural diversity on corporate governance and social performance: evidence from emerging markets

Cited by 14 publications

References 169 publications

Corporate governance attributes and financial reporting quality

Corporate governance attributes and financial reporting quality

Firm-Level Attributes, Industry-Specific Factors, Stakeholder Pressure, and Country-Level Attributes: Global Evidence of What Inspires Corporate Sustainability Practices and Performance

ESG disclosure in G7 countries: Do board cultural diversity and structure policy matter?

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