Product market competition, board gender diversity and corporate sustainability performance: international evidence

性别多样性 持续性 企业可持续发展 公司治理 会计 业务 企业社会责任 多样性(政治) 可持续性报告 竞赛(生物学) 内生性 独创性 面板数据 经济 产业组织 财务 公共关系 生物 人类学 生态学 社会学 政治学 计量经济学 法学 创造力
作者
Khairul Anuar Kamarudin,Akmalia M. Ariff,Wan Adibah Wan Ismail,Khairul Anuar Kamarudin,Akmalia M. Ariff,Wan Adibah Wan Ismail
出处
期刊:Journal of Financial Reporting and Accounting [Emerald Publishing Limited]
卷期号:20 (2): 233-260 被引量:58
标识
DOI:10.1108/jfra-01-2021-0020
摘要

Purpose This study aims to investigate whether board gender diversity is associated with corporate sustainability performance and whether industry-level product market competition moderates the effect of board gender diversity on corporate sustainability performance. Design/methodology/approach This study uses international data extracted from global ESG data set from Thomson Reuters (Refinitiv) database. Using data of 23,137 firm-year observations from 37 countries, the authors perform regression analyses to examine the hypotheses. Findings The findings show that firms with high board gender diversity exhibit high corporate sustainability performance. The authors also find firms in highly competitive industries to have low corporate sustainability performance. In highly competitive industries, the positive relationship between board gender diversity and corporate sustainability performance is weakened. The results are robust to various specification tests such as alternative measures for corporate sustainability performance, board gender diversity, product market competition and also the use of propensity score matching to address endogeneity issue. Overall, the results support the prediction that board diversity and product market competition play a substitutive role in influencing corporate sustainability performance. Research limitations/implications This study offers empirical evidence that the appointment of female directors is a useful way to improve a firm’s corporate sustainability performance, hence, providing significant benefits in terms of stakeholders’ values and corporate reputation. Practical implications This study provides useful insights to investors and policymakers that intense industry competition might mitigate the role of board governance, particularly board gender diversity, in enhancing corporate sustainability performance. Originality/value Using an international data set, where the observations operate in various market and institutional differences, this study is able to extricate the positive impact of board gender diversity and product market competition on corporate sustainability performance. This study corroborates evidence that sustainability strategy and initiatives are reflections of integrated factors, including corporate governance as internal driver and market forces faced by firms as external driver.

科研通智能强力驱动
Strongly Powered by AbleSci AI
更新
PDF的下载单位、IP信息已删除 (2025-6-4)

科研通是完全免费的文献互助平台,具备全网最快的应助速度,最高的求助完成率。 对每一个文献求助,科研通都将尽心尽力,给求助人一个满意的交代。
实时播报
十一块完成签到,获得积分10
1秒前
young_joint发布了新的文献求助10
2秒前
姚女士发布了新的文献求助10
2秒前
2秒前
2秒前
asddsa完成签到,获得积分10
2秒前
爆米花应助朴实的砖家采纳,获得10
4秒前
111完成签到,获得积分10
4秒前
魁梧的怜南完成签到,获得积分10
4秒前
浮游应助ro采纳,获得10
5秒前
5秒前
5秒前
Siriluck发布了新的文献求助10
5秒前
zj杰完成签到,获得积分20
6秒前
科研通AI6应助小羊羔采纳,获得10
9秒前
浮游应助十一块采纳,获得10
9秒前
Fyl发布了新的文献求助10
9秒前
托托发布了新的文献求助10
11秒前
窝窝头完成签到,获得积分10
12秒前
李健应助Xinxxx采纳,获得10
13秒前
达不溜完成签到,获得积分10
13秒前
13秒前
陈饱饱完成签到,获得积分10
15秒前
晴天小雨完成签到 ,获得积分10
16秒前
浮游应助111采纳,获得10
16秒前
桐桐应助科研通管家采纳,获得10
16秒前
打打应助科研通管家采纳,获得10
16秒前
华仔应助科研通管家采纳,获得10
17秒前
丘比特应助科研通管家采纳,获得10
17秒前
17秒前
传奇3应助科研通管家采纳,获得10
17秒前
爱美丽应助科研通管家采纳,获得20
17秒前
汉堡包应助科研通管家采纳,获得10
17秒前
科研通AI5应助科研通管家采纳,获得10
17秒前
17秒前
CipherSage应助科研通管家采纳,获得10
17秒前
完美世界应助科研通管家采纳,获得10
17秒前
shgd发布了新的文献求助10
17秒前
研友_VZG7GZ应助陈益凡采纳,获得10
18秒前
sqw发布了新的文献求助10
18秒前
高分求助中
(应助此贴封号)【重要!!请各用户(尤其是新用户)详细阅读】【科研通的精品贴汇总】 10000
Target genes for RNAi in pest control: A comprehensive overview 600
The Social Work Ethics Casebook(2nd,Frederic G. R) 600
HEAT TRANSFER EQUIPMENT DESIGN Advanced Study Institute Book 500
Pipeline and riser loss of containment 2001 - 2020 (PARLOC 2020) 500
Master Curve-Auswertungen und Untersuchung des Größeneffekts für C(T)-Proben - aktuelle Erkenntnisse zur Untersuchung des Master Curve Konzepts für ferritisches Gusseisen mit Kugelgraphit bei dynamischer Beanspruchung (Projekt MCGUSS) 500
Design and Development of A CMOS Integrated Multimodal Sensor System with Carbon Nano-electrodes for Biosensor Applications 500
热门求助领域 (近24小时)
化学 医学 生物 材料科学 工程类 有机化学 内科学 生物化学 物理 计算机科学 纳米技术 遗传学 基因 复合材料 化学工程 物理化学 病理 催化作用 免疫学 量子力学
热门帖子
关注 科研通微信公众号,转发送积分 5109369
求助须知:如何正确求助?哪些是违规求助? 4318093
关于积分的说明 13453523
捐赠科研通 4148000
什么是DOI,文献DOI怎么找? 2272954
邀请新用户注册赠送积分活动 1275145
关于科研通互助平台的介绍 1213327