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.
引用
收藏
页数:15
相关论文
共 50 条
  • [31] Does board gender diversity increase dividend payouts? Analysis of global evidence
    Ye, Dezhu
    Deng, Jie
    Liu, Yi
    Szewczy, Samuel H.
    Chen, Xiao
    JOURNAL OF CORPORATE FINANCE, 2019, 58 : 1 - 26
  • [32] Gender Diversity on Board of Directors and Intellectual Capital Disclosure in Indonesia
    Herli, Mohammad
    Tjahjadi, Bambang
    Hafidhah, Hafidhah
    JOURNAL OF ASIAN FINANCE ECONOMICS AND BUSINESS, 2021, 8 (01): : 135 - 144
  • [34] Linking executive pay to ESG goals: the role of board gender diversity
    Le, Thanh Dat
    Ngo, Julie T. D.
    INTERNATIONAL JOURNAL OF MANAGERIAL FINANCE, 2024,
  • [35] From diversity to sustainability: Environmental and social spillover effects of board gender quotas
    Schoonjans, Eline
    JOURNAL OF ECONOMIC BEHAVIOR & ORGANIZATION, 2024, 222 : 314 - 331
  • [36] Board characteristics and ESG disclosure in energy industry: evidence from emerging economies
    Nuhu, Yusuf
    Alam, Ashraful
    JOURNAL OF FINANCIAL REPORTING AND ACCOUNTING, 2024, 22 (01) : 7 - 28
  • [37] Board gender diversity and corporate social responsibility (CSR) disclosure in different disclosure environments
    Temiz, Huseyin
    Acar, Merve
    CORPORATE SOCIAL RESPONSIBILITY AND ENVIRONMENTAL MANAGEMENT, 2023, 30 (05) : 2247 - 2264
  • [38] Does board gender diversity improve environmental, social and governance disclosure? Evidence from South Africa
    Toerien, Francois
    Breedt, Chanel
    de Jager, Phillip G.
    SOUTH AFRICAN JOURNAL OF BUSINESS MANAGEMENT, 2023, 54 (01)
  • [39] Correction to: Board Gender Diversity and Corporate Response to Cyber Risk: Evidence from Cybersecurity Related Disclosure
    Camélia Radu
    Nadia Smaili
    Journal of Business Ethics, 2022, 177 : 375 - 375
  • [40] Board gender quotas and outward foreign direct investment: Evidence from France
    Aktas, Koray
    Gattai, Valeria
    Natale, Piergiovanna
    CANADIAN JOURNAL OF ECONOMICS-REVUE CANADIENNE D ECONOMIQUE, 2023, 56 (04): : 1291 - 1321