Board gender diversity, quotas, and ESG disclosure: Global evidence

被引:19
|
作者
Alkhawaja, Abdallah [1 ]
Hu, Fang [1 ]
Johl, Shireenjit [1 ]
Nadarajah, Sivathaasan [1 ]
机构
[1] Griffith Univ, Griffith Business Sch, Dept Accounting Finance & Econ, Meadowbrook, Qld, Australia
关键词
Board gender diversity; ESG disclosure; Stakeholderregimes; Information environments; Quotas; CORPORATE SOCIAL-RESPONSIBILITY; STAKEHOLDER ORIENTATION; FIRM PERFORMANCE; CSR PERFORMANCE; WOMEN; DIRECTORS; IMPACT; GOVERNANCE; MANAGEMENT; COSTS;
D O I
10.1016/j.irfa.2023.102823
中图分类号
F8 [财政、金融];
学科分类号
0202 ;
摘要
This study examines the impact of gender-diverse boards and the staggered initiation of gender quotas around the world on environmental, social, and governance (ESG) disclosure. Using a sample of 48 countries from 2005 to 2019, we show a significantly positive relationship between gender-diverse boards and ESG disclosure. This positive effect of gender diversity becomes stronger in countries with weaker stakeholder regimes and infor-mation environments, suggesting that those countries can obtain greater benefits by appointing more female directors. Further, using a staggered difference-in-differences design, we document a significant increase in ESG disclosure following the enactment of gender quotas. Overall, our findings demonstrate why gender-diverse boards for corporate social actions are relevant in an international setting.
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页数:15
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