Female directors and impression management in sustainability reporting

García‐Sánchez, Isabel‐María; Suárez-Fernández, Oscar; Martínez‐Ferrero, Jennifer

doi:10.1016/j.ibusrev.2018.10.007

Cited by 130 publications

(140 citation statements)

References 107 publications

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“…In the past, female leaders have been found to be less manipulative and more ethical and transparent in regard to information disclosure [62][63][64][65][66]. In particular, it was established that female directors positively impact financial reporting disclosure [67][68][69]. As previously indicated by Vermeir and Van Kenhove (2007) [70], female directors show a low propensity to commit fraud as well as a superior commitment to apply higher ethical standards in the decision-making process [71], which leads to increased transparency in sustainability disclosures [68,72,73].…”

Section: H1mentioning

confidence: 89%

Determinants of Companies that Disclose High-Quality Integrated Reports

Dilling

Çayköylü

2019

Sustainability

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Integrated reporting is becoming increasingly popular. The focus of this study was to assess the overall integrated reporting quality of global companies and find determinants of high-level integrated reporting. Qualitative text analysis was performed on the 2017 integrated reports of 110 global organizations to determine in what way companies report on specific topics related to the six capitals: social and relationship, human, intellectual, manufacturing, natural, and financial. Using a novel assessment technique, scores were then assigned according to the details provided in the integrated reports on the various topics. This was done for each form of capital, and the total integrated score was subsequently calculated as the average between all the capital scores. Finally, a regression analysis was performed to determine the characteristics of high-quality integrated reporters. The results of univariate analysis and two-stage least squares instrumental variable (2SLS) regression indicate that companies of a larger size with a higher female board ratio and listing in the International Integrated Reporting Committee (IIRC) examples database are more likely to publish a higher quality integrated report. The results imply that these variables are the main disclosure drivers. However, a significant negative correlation was found between integrated report quality and the variables related to female executive ratio, external board member ratio, profitability, leverage, and previous report experience, as well as report length. No significant association was found between the location and industry group and report quality. The empirical evidence of this study shows that even though integrated reporting has become more common overall, the comparability and quality of the reports still remain low.

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Section: H1mentioning

confidence: 89%

Determinants of Companies that Disclose High-Quality Integrated Reports

Dilling

Çayköylü

2019

Sustainability

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“…Next, the model presents endogeneity, highlighting the need to use dynamic estimation. Moreover, to test for the existence of heteroscedasticity and autocorrelation, we applied the modified Wald test (Hawn & Kang, ; Martínez‐Ferrero & García‐Sánchez, ) and Wooldridge test, respectively (Hawn & Kang, ; García‐Sánchez, Suárez‐Fernández, & Martínez‐Ferrero, ). The results of the modified Wald test indicate heteroscedasticity problems in the model because the null hypothesis of homoscedasticity is rejected ( p value = .000).…”

Section: Methodsmentioning

confidence: 99%

How market value relates to corporate philanthropy and its assurance. The moderating effect of the business sector

Arco-Castro

Pérez

Pérez-López

et al. 2020

Business Ethics: A Eur Rev

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Corporate philanthropy strategy integrated into the core business constitutes a novel vision and a little‐explored field of study with regard to corporate social commitment. The goal of this study is to analyse how the diverse ways of managing and assuring philanthropy can be considered signals of a firm's social commitment and consequently affect its market value. In addition, the analysis considers whether the business sector moderates those relationships. We aim to provide a comprehensive vision of corporate philanthropy and its effect on market value. From a sample of 965 firm‐years, of 193 firms from 2011 to 2015, we found that the market responds positively to the professional, independent management of philanthropy via a foundation, in preference to donations, and welcomes external assurance of corporate philanthropy as a set of actions that improve the perceived reliability of philanthropic activities. In addition, we observe a moderating effect of the business sector on the relationships among corporate philanthropy, assurance and the company's market value. The main contribution of this study is the provision of new evidence of how corporate philanthropy and its assurance are effective signals that reduce the information asymmetries between firms and investors, affecting company market value positively.

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“…In all studies, gender diversity is defined in the binary of male/female. Standard means of calculating gender include the percentage or proportion of females on a board, or employing Blau's diversity index [23,24,32,37,40,42,43,[49][50][51]. Shoham et al [29] offer one of few studies to consider the implications of using binary language, in particular masculine language, in the recruitment of women to company boards.…”

Section: Gendermentioning

confidence: 99%

“…While numbers of women remain comparatively low across countries, researchers have investigated how women influence governance on boards of directors in organisations all over the world [23,25,28,35,50,51,53]. In all of these studies, the cultural differences that overlay any performance of gender and how women may be able to participate in boards of directors remain largely absent from analyses, with the exception of Alazanni et al [50].…”

Section: Gendermentioning

confidence: 99%

“…Categories of diversity were conceived largely as homogenous groups, which were assumed to guarantee certain qualities in those inside them. Many of the papers [51,57] drew on understandings from social role theory that allocates discrete differences in social behaviour and personality traits to, for example, males and females. While there may be broad generalizable differences, a greater appreciation of directors as individuals with a complex identity of which gender is but one part is required to deepen our understanding of how certain qualities of individuals interact together in decision-making forums.…”

Section: Independence Board Size Duality: Markers Of Diversitymentioning

confidence: 99%

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Disrupting the Status-Quo of Organisational Board Composition to Improve Sustainability Outcomes: Reviewing the Evidence

Beasy

Gale

2020

Sustainability

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Sustainability, conceptualised as the integration of economic, social and environmental values, is the 21 st century imperative that demands that governments, business and civil society actors improve their existing performance, yet improvement has been highly fragmented and unacceptably slow. One explanation for this is the lack of diversity on the boards of organisations that perpetuates a narrow business, economic and legal mindset rather than the broader integrated values approach that sustainability requires. This paper presents a systematic review of the literature investigating how board diversity affects the sustainability performance of organisations. Our review uncovers evidence of relationships between various attributes of the diversity of board members and sustainability performance, though over-reliance on quantitative methodologies of studies reviewed means explanations for the observed associations are largely absent. Limited measures of sustainability performance and narrow definitions of diversity, focused predominantly on gender, were also found. Important implications from the study include the need for policy responses that ensure boards are diversely composed. We identify that more qualitative investigations into the influence of a broader range of types of board diversity on sustainability performance is needed, along with studies that focus on public sector boards, and research that takes an intersectional understanding of diversity.

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Female directors and impression management in sustainability reporting

Cited by 130 publications

References 107 publications

Determinants of Companies that Disclose High-Quality Integrated Reports

Determinants of Companies that Disclose High-Quality Integrated Reports

How market value relates to corporate philanthropy and its assurance. The moderating effect of the business sector

Disrupting the Status-Quo of Organisational Board Composition to Improve Sustainability Outcomes: Reviewing the Evidence

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