The association between board gender diversity and financial reporting quality, corporate performance and corporate social responsibility disclosure

Pucheta‐Martínez, María Consuelo; Bel‐Oms, Inmaculada; Olcina‐Sempere, Gustau

doi:10.1108/arla-04-2017-0110

Cited by 68 publications

(50 citation statements)

References 122 publications

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“…Velte (2016) provided empirical support for the link between board gender diversity and better ESG (Environmental-Social-Governance) performance. Kaspereit, Lopatta, and Matolcsy (2016) found a statistically significant relationship between board gender diversity and the specific CSR dimensions of community, diversity, employee relations, and environment. Several studies have also established that higher numbers of women on the board is associated with improved CSR reporting (Barako & Brown, 2008;Fernandez-Feijoo, Romero, & Ruiz, 2012) and an increased likelihood of voluntary climate change disclosures (Ben-Amar, Chang, & McIlkenny, 2017).…”

Section: Corporate Governancementioning

confidence: 89%

Antecedents of sustainable supply chain initiatives: Empirical evidence from the S&P 500

Sebastianelli

Tamimi

2020

Business and Society Review

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Prior research on sustainable supply chain management (SSCM) has almost exclusively focused on environmental aspects (GSCM—green supply chain management) and the study of its external drivers and consequences. Framing our study within the “strategy‐conduct‐performance” paradigm, we consider the focal firm's role in the implementation of sustainable supply chain initiatives, social as well as environmental. We use data on the S&P 500 Index retrieved from Bloomberg, including variables for two relevant focal firm strategies: (a) reducing the environmental footprint of the supply chain and (b) reducing social risks in the supply chain (SRSS). Hierarchical logit modeling is carried out to examine the sequential impact of governance board characteristics and the focal firm's adoption of related internal policies and practices on the likelihood of implementing these initiatives along the supply chain. Controlling for industry, firm size, and resources, we find that board structure and diversity influence the implementation of sustainable supply chain initiatives by increasing organizational commitment to environmentally friendly and socially responsible policies and practices. Consequently, empirical evidence exists for the importance of strategic factors, namely a proactive corporate stance on sustainability associated with governance board characteristics, as antecedents of sustainable (environmental and social) supply chain initiatives.

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Section: Corporate Governancementioning

confidence: 89%

Antecedents of sustainable supply chain initiatives: Empirical evidence from the S&P 500

Sebastianelli

Tamimi

2020

Business and Society Review

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“…However, according to our evidence, it would appear that these initiatives have not been as effective as expected. Thus, policymakers in countries domiciled in CME countries should complement these initiatives with other policies or measures that are more effective at increasing the presence of women directors on boards, given the benefits of the female leadership style in the decision‐making process (Pucheta‐Martínez, Bel‐Oms, & Olcina‐Sempere, ).…”

Section: Discussionmentioning

confidence: 99%

Varieties of capitalism, corporate governance mechanisms, and stakeholder engagement: An overview of coordinated and liberal market economies

Pucheta‐Martínez

Gallego‐Álvarez

Bel‐Oms

2019

Corp Soc Responsibility Env

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This paper examines those aspects of national institutions that affect corporate governance mechanisms at international level. The study uses the “varieties of capitalism” approach, which is concerned with the way companies interact strategically to solve the coordination problems arising from their activities. This research is based on a sample of countries operating in coordinated market economies and liberal market economies. The data were collected from the Thomson Reuters database. The findings suggest that the institutional context is associated with several corporate governance mechanisms. Specifically, our results find that the proportion of female directors on boards and the presence of corporate governance committees are higher in firms operating in liberal market economies than in those domiciled in coordinated market economies. Regarding the disclosure of corporate social responsibility information, the evidence shows that it is not affected by the varieties of capitalism measured, whereas board‐specific skills are higher in the latter than in the former. This paper offers empirical evidence at international level for the varieties of capitalism that contribute to better corporate governance structures. With regard to managerial implications, our findings show that belonging (or not) to a specific variety of capitalism impacts various mechanisms of corporate governance.

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“…Thus, these perspectives seem to support the view that women directors on boards have a greater tendency to demand control mechanisms such as board subcommittees because these will mitigate agency problems caused by information asymmetries. This idea is supported by Pucheta‐Martínez, Bel‐Oms, and Olcina‐Sempere (), who argue that female directors are stricter supervisors than male directors and are, therefore, more likely to align the interests between managers and shareholders in order to reduce agency costs by encouraging the voluntary creation of board subcommittees. Consequently, we predict that female directors on BDs may have a positive effect on the demand for corporate governance mechanisms such as board subcommittees, as these control mechanisms allow a board to exercise greater supervision and monitoring of both the management team and its own members, encouraging better decisions that positively impact shareholders.…”

Section: Literature Review and Hypothesesmentioning

confidence: 96%

What have we learnt about board gender diversity as a business strategy? The appointment of board subcommittees

Pucheta‐Martínez

Bel‐Oms

2018

Bus Strat Env

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This paper explores whether a board's gender diversity influences the voluntary formation of its board subcommittees. Female board directorship may become a business strategy for firms if it affects the appointment of board subcommittees.We hypothesize that the voluntary creation of board subcommittees is affected by the presence of female directors on boards; the presence of independent, executive,

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The association between board gender diversity and financial reporting quality, corporate performance and corporate social responsibility disclosure

Cited by 68 publications

References 122 publications

Antecedents of sustainable supply chain initiatives: Empirical evidence from the S&P 500

Antecedents of sustainable supply chain initiatives: Empirical evidence from the S&P 500

Varieties of capitalism, corporate governance mechanisms, and stakeholder engagement: An overview of coordinated and liberal market economies

What have we learnt about board gender diversity as a business strategy? The appointment of board subcommittees

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