The mediating role of CSR on the relationship between gender diversity and risk taking

Moussa, F. Ben; Zaiane, Salma; Nihel, Ziadi

doi:10.1080/09640568.2021.2007061

Cited by 6 publications

(5 citation statements)

References 95 publications

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“…Structural equation modelling (SEM), in contrast to traditional regression analysis, is a robust inference framework for mediation analyses capable of handling concurrent indirect and direct effects and acknowledging the mediator's dual role as both a cause and an effect (Gunzler et al 2013). Accordingly, similar to Salhi et al (2020) and Moussa et al (2023), we employed SEM to explore the direct and indirect associations between board gender diversity and firm value in econometric models 1 to 3, where steps three and four were integrated into model three as follows:…”

Section: Modelmentioning

confidence: 99%

Does the Cultural Dimension Influence the Relationship between Firm Value and Board Gender Diversity in Saudi Arabia, Mediated by ESG Scoring?

Aladwey,

Alsudays

2023

JRFM

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The scarcity of female directors on Saudi boards is linked to cultural and social barriers deeply rooted in traditional masculine norms. Our study investigates the mediating role of ESG scores in the relationship between board gender diversity and firm value within the Saudi context. The Structural Equation Model (SEM) was utilized based on a sample of 54 Saudi-listed financial companies on (Tadawul) during 2021–2022. The study unveiled a negative correlation between female director presence and Saudi firm value. This association is attributed to the prevailing male-dominated Saudi societal norms, where boards with more female members may hesitate to prioritize performance-driven actions due to concerns about their perceived legitimacy within traditional gender roles. Conversely, a positive correlation was observed between female director presence and ESG scores, aligning with existing research highlighting the role of board gender diversity in improving sustainability performance. The sustainability framework prevails over the influence of gender diversity, fully integrating it within the broader context of sustainability to enhance the value of Saudi companies. Our results are consistent when considering alternative measures of firm value. Our findings offer valuable insights for investors assessing board gender diversity’s impact on company value and emphasize the role of gender diversity in enhancing sustainability. They suggest that greater female representation on boards is vital for ESG score improvement, promoting sustainable initiatives and overall firm value. This calls for policymakers to promote sustainability disclosures and establish guidelines for increased female board participation, considering the absence of mandatory quotas.

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Section: Modelmentioning

confidence: 99%

Does the Cultural Dimension Influence the Relationship between Firm Value and Board Gender Diversity in Saudi Arabia, Mediated by ESG Scoring?

Aladwey,

Alsudays

2023

JRFM

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“…Nguyen and Nguyen (2015) indicate the positive influence of both CSR strengths and concerns on a firm's risk in American enterprises. Some research found that CSR activities reduce risk (Chakraborty et al, 2019;Ben Moussa et al, 2021;Vural-Yavaş, 2021), while other studies have argued that CSR can inhibit excessive risk-taking and reduce excessive risk aversion (Harjoto & Laksmana, 2018).…”

Section: Conceptual Frameworkmentioning

confidence: 99%

Analysis Strategy Configurations in Risk Taking Using Fuzzy Set Qualitative Comparative Analysis Model

Yang

Bai

Yang

2023

Technological and Economic Development of Economy

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Risk-taking is a key factor in corporate competitive advantage, and economic development. The type of strategic configuration that can drive high-level risk-taking is a problem worthy of attention. This study takes 2,219 listed firms in China as samples and performs a fuzzy set qualitative comparative analysis (fsQCA) to explore the linkage effect and path choice of strategic change, corporate social responsibility, innovation, diversification, and financialization with corporate risk-taking (CRT). It finds that: (a) a single strategy does not constitute a necessary condition for high-level CRT; (b) three types of adaptive schemes exist for high-level CRT, among which the risk-taking level is the highest under the path of “Innovation, diversification, and financialization”; and (c) the driving paths of CRT in different regions, industries, and ownership show obvious differences.

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“…Referring to the mediation effect test method used by Moussa et al (2021) and Wu and Lai (2020), a recursive model was constructed to test the above internal control mechanism. The first step is to repeat the basic regression model to study the relationship between managerial inclusiveness and firm innovation, as shown in Equation ( 7).…”

Section: Mechanism 1: Internal Controlmentioning

confidence: 99%

Managerial inclusiveness and corporate innovation in China

Deng,

2023

Accounting & Finance

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This study explores how managerial inclusiveness affects corporate innovation. Using an annual dataset of A‐share Chinese listed companies from 2008 to 2021, we find that managerial inclusiveness is positively related to corporate innovation. Market competition and team heterogeneity positively moderate the relationship between managerial inclusiveness and innovation. In addition, managerial inclusiveness in state‐owned enterprises plays a more significant role in promoting corporate innovation than it does in non‐state‐owned enterprises. By investigating the mechanism of influence, we found that inclusive managers can promote corporate innovation by relaxing internal controls and increasing corporate risk‐taking.

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The mediating role of CSR on the relationship between gender diversity and risk taking

Cited by 6 publications

References 95 publications

Does the Cultural Dimension Influence the Relationship between Firm Value and Board Gender Diversity in Saudi Arabia, Mediated by ESG Scoring?

Does the Cultural Dimension Influence the Relationship between Firm Value and Board Gender Diversity in Saudi Arabia, Mediated by ESG Scoring?

Analysis Strategy Configurations in Risk Taking Using Fuzzy Set Qualitative Comparative Analysis Model

Managerial inclusiveness and corporate innovation in China

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