Many governments seek to impose gender equality on boards, but the consequences of doing so are not clear and could harm firms and economies. We shed light on this topic by conceptualizing the relationships as firm-and board-specific and embedded within specific contexts. The theory is developed with reference to emerging markets, and tested on Malaysian firms. We find that female directors create value for some firms and decrease it for others. The impact varies across different performance indicators, firms' ownership, and boards' structure. The findings call for nuanced responses in relation to women's nominations from both governments and firms.

Board diversity is important especially in countries which practice a one-tier board system, such as Malaysia. Under the system, board appointments are usually controlled by the firm's substantial shareholders, and as a result, directors are chosen based on "the old-boy" network or "people like us", who are typically middle-aged males and from similar ethnicity which could lead to "group think". Board diversity ensures breadth and depth of the board's judgments. To this end, this study examines board diversity of the top 100 non-financial Malaysian firms, specifically directors' gender, ethnicity and age and their effects on firm performance. Data are collected from the 2007 annual reports of the sample firms. The evidence indicates the lack of diversity of the Malaysian boards of directors. Results from the multivariate analyses reveal that gender diversity is negatively associated with Tobin's q and rOA. Age diversity is found to be negatively related to rOA. Ethnic diversity, on the other hand, is found to be positively associated with rOA. Hence, findings on the effect of board diversity and firm performance are mixed. Nevertheless, this study offers insights to policy makers in enhancing corporate governance in Malaysia where diversity is one of the areas that could strengthen the effectiveness of the board.

The COVID-19 outbreak has caused a global turmoil which restricted movement and consequently, diminishing domestic and international travel. One that is severely affected is ecotourism in National Parks, that involves visiting fragile, pristine and undisturbed natural areas. One of the major concerns for ecotourists in destination decision-making is travel risk that could affect their safety. This study aims to examine their risk perception and how it affects the behaviour of ecotourists in Taman Negara National Park, Malaysia. The data was collected from 406 respondents and analysed using structural equation modelling. It is concluded that risk perception affects tourists' decision-making, whereby health and safety information preference is the strongest predictor, and media's influence has a very significant connection. This study has the potential of contributing to the management of ecotourism destinations in times of crisis. It also fills the literature gap on risk perceptions of ecotourists' during the COVID-19 pandemic.

The tourism sector has developed over the years as one of the main contributors to the nation's socio-economy. However, tourism has also said to be the cause of the depletion of the natural environment especially the marine ecosystem due to the irresponsible behavior of tourists. There is a growing interest in understanding the impact of tourism towards the sustainability of a particular ecotourism destination, thus this study aims to examine the drivers of tourists' intention to behave in an environmentally responsible manner specifically in marine parks. This study utilizes the responsible environmental behavior model with the addition of consumption values theory and destination image in hope to provide a more comprehensive explanation. A researcher-administered face-to-face survey was conducted among 103 tourists and analysed using partial least squares technique. The results empirically revealed that environmental knowledge and destination image significantly influenced the tourists' intention to behave in an environmentally responsible manner. Thus, in fostering a more responsible behavior among tourists, more emphasis can be placed on enhancing their knowledge while capitalizing on the destination's image.

We seek to offer some reconciliation for the conflicting theoretical arguments and empirical findings regarding the impact of women's participation in boards on firms' performance. We suggest that this impact differs in relation to market-and accounting-performance, and it is firmspecific, and varies by firms' ownership type and the composition of their boards. These arguments find theoretical underpinnings in agency and resource-dependency theories, combined with behavioral and discrimination theories that articulate women behavior in the workplace and market perception of gender equality. The empirical analysis is based on a dataset of 841 publicly-listed firms in Malaysia. The results show positive impact of women's participation on accounting-performance and negative impact on market-performance, suggesting that women directors create economic value, which is undervalued by the market. We interpret the findings with reference to the perception of women's role in society and business in Malaysia, and the nature of corporate governance and ownership types prevalent among Malaysian firms. We suggest that the relationships might be context-specific, and hence the desired level of women's