Board Gender Diversity and Corporate Sustainability Performance: Mediating Role of Enterprise Risk Management

The board of directors play an important role in corporate climate strategy-making and decisions but might also compromise environmental policies to minimize agency cost. This study critically investigates the relationship between the attributes of the board of directors and the degree of sustainability performance for the energy sector as discussed in the literature. Our study cumulates existing knowledge offering important characteristics for a balanced board structure to increase the board's effectiveness in adopting sustainable initiatives that could reduce the adverse impact of an energy corporation's operation on the environment. Crucial attributes of the board of directors deemed to be positively associated with the commitment to reduce carbon footprint in the environment have been identified. Based on our extensive analysis of the literature we propose a conceptual framework that measures the influence of the board of directors' attributes on corporate environmental and social sustainability performance. The proposed framework will be useful as an initial step for top management and regulators to gain a better understanding of the balanced board structure required to achieve the social and environmental sustainability performance of corporations. Further, this paper contributes to a body of knowledge about how the board of directors could play a crucial role in monitoring social and environmental threats.

Section: Board Diversitymentioning

confidence: 99%

Board of Directors Attributes and Sustainability Performance in the Energy Industry

Gardazi¹,

Hassan²,

Johari³

2020

“…There is a significant effect on gender and consumption (Roberts, 1998). There is no support for the direct association between board gender diversity and sustainability performance (Fakir and Jusoh, 2020).…”

Section: Research -Conceptual Frameworkmentioning

confidence: 87%

Linkages of Financial Efficacy, Demographics, Risks Preference and Consumption Behavior in Malaysia

Kusairi¹,

Sanusi²,

Muhamad³

et al. 2020

Financial literacy is one of the sustainable development goals of huge concern of governments. Governments explore solutions addressing policies to improve financial literacy. Nevertheless, financial management has such a broad scope and is not just limited to knowledge. As human nature, individuals are born with different confidence levels that include various financial abilities. This study aims to investigate the household-financial efficacy through the application of psychometric instruments, risk preference, and demographic characteristics toward consumption decision behavior. The research is based on a survey 479 households in the peninsular Malaysia, and utilizes the structural equation model, cluster proportional and systematic random sampling, and two measurements -composite reliability and average variance extracted. Results show that households' financial efficacy is one of the critical factors that explain the households' consumption decision behavior. Also, risk preference, gender and area location (rural or urban) of the household determined the consumption decision behavior of the household. The effectiveness of consumption decision is not only determined by financial literacy, but also financial efficacy. The implications of this paper may help to design policies in narrowing the broad gap between the rural and urban level of financial efficacy. The government needs to take appropriate actions to fix it.

“…Tolerance for risk and failure is one of the main aspects conducive to entrepreneurship (Alpkan et al, 2010). When top leaders provide this tolerance, it means that they give trust, and in time, intrapreneurs are motivated to carry out their initiatives (Fakir & Jusoh, 2020). They know the potential for failure exists, but at the same time, they can hope that their superior will fairly see the consequences.…”

Section: Tolerance With the Riskmentioning

confidence: 99%

Examining the Intrapreneurship Drivers and Strategy: Case Study of Property Services in Indonesia

Azis¹,

Amir²

2020

This study examines the drivers and implementation of intrapreneurship strategy in a property service company. Using a qualitative case study approach, the study interviewed four managers involved in related intrapreneurship initiatives. The data was validated by an expert and a practitioner from a different company. The implementation of the company's intrapreneurship strategy is limited to improving new ways of working and developing products and services. However, business development and the creation of new business models are still limited. From several intrapreneurship driving factors, it was observed that the company practices are considered adequate with regard to top management support, leadership, flexibility in carrying out work, as well as in fairly harmonious arrangements for ongoing business relationships with the intrapreneurship projects. On the other hand, human resources with entrepreneurial behavior are still minimal. Similarly, the driving factors in reward and training that promote entrepreneurial behavior are also considered to be insufficient. The application of intrapreneurship as a strategy requires understanding and commitment from all parties in the organization. This study provides insight into the Indonesian context and proposes that intrapreneurship initiatives are less likely to succeed if they are not supported by developing a more systematic entrepreneurial mindset, behavior, and culture.