Female Directors' Foreign Experience and Environmental and Sustainable Performance*

Ullah, Farid; Jiang, Ping; Ntim, Collins G.; Shahab, Yasir; Jiang, Xianling

doi:10.1111/ajfs.12369

Cited by 19 publications

(14 citation statements)

References 44 publications

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“…In particular, literature points out that board gender diversity contributes to CSR performance due to women's different skillsets and diverse thinking styles (Elmagrhi et al, 2019; Islam et al, 2022). There is also evidence that differences in female directors' experiences affect environmental and sustainable performance (Ullah et al, 2022). Nevertheless, empirical evidence provides mixed results in terms of CSP (see, among others, Harjoto et al, 2015; Cucari et al, 2018; Nadeem et al, 2017); this may be because only some studies control for the different nature of the firm, that is, family or nonfamily owned.…”

Section: Empirical Literature Review and Hypotheses Developmentmentioning

confidence: 99%

Board diversity and corporate social performance in family firms. The moderating effect of the institutional and business environment

Gavana

Gottardo

Moisello

2023

Corp Soc Responsibility Env

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We analyze the effect of structural and demographic board diversity on family firms' corporate social performance (CSP), taking into account certain institutional and business environment aspects. The sample consists of French, German, Italian, Spanish and Portuguese nonfinancial listed firms over the period 2014–2021. We compare family and nonfamily firms before focusing on family businesses. Findings show that CSP benefits from having female directors in family firms whilst independent directors increase CSP in nonfamily businesses. Family directors exert a negative effect on CSP in family firms. The enforcement of law makes the positive influence of board independence significant for family firms and of nondual CEOs for nonfamily companies. Within family firms, the negative effect of family directors is strengthened by the enforcement of law but lowered by the efficiency of the judicial system. Hostile business environment always lowers CSP and reduces female directors' positive influence for family firms.

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Section: Empirical Literature Review and Hypotheses Developmentmentioning

confidence: 99%

Board diversity and corporate social performance in family firms. The moderating effect of the institutional and business environment

Gavana

Gottardo

Moisello

2023

Corp Soc Responsibility Env

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“…This exposure can lead to new ideas and innovations that can be implemented within the company. Lastly, female directors with foreign experience may have stronger leadership and communication skills, which can help them effectively promote environmental initiatives within their companies (Ullah et al, 2022). By leveraging their experience and connections, they may be better equipped to educate and influence other members of the organization, ultimately driving greater corporate green commitment.…”

Section: Hypothesis Developmentmentioning

confidence: 99%

“…In this context, female directors' with foreign experience and green commitment can be important in enhancing a corporation's voluntary commitment to environmentally friendly activities. Female directors with international experience may bring unique perspectives and knowledge of environmental policies and practices from other countries, while a strong green commitment among female directors may provide additional motivation and leadership to push for corporate environmental responsibility (Ullah et al, 2022). Overall, corporate commitment to environmentally friendly activities not only benefits the corporation but also contributes to reducing air pollution, energy emissions and health hazards while promoting energy efficiency (Nguyen et al, 2021).…”

Section: Introductionmentioning

confidence: 99%

Influence of independent female directors on green commitment

Wang¹,

Qi²,

Nie³

2023

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PurposeWith increasing environmental issue and problems, this study aims to explore how the female directors' foreign experience and corporate green commitment in emerging economics like China from 2008 to 2020.Design/methodology/approachThe authors draw data of all ‘A’ share listed firms listed on Shanghai and Shenzhen stock exchanges from 2008 to 2020 from the renowned Chinese database China Stock Market and Accounting Research (CSMAR). The study's data collection start from 2008, because data about green commitment are not available on CSMAR before 2008 and final year is 2020 because data about green commitment is available at the time of data collection. After dropping observations with missing data, the study's final sample contains 20,255 firm year-observations. Finally, in accordance with prior studies, the authors classified enterprises according to the “China Securities and Regulatory Commission” (2012) to categorize firms.FindingsThe authors find that female directors' foreign experience enhances the green commitment in Chinese listed companies. In additional analysis, the authors find this relationship is more pronounced when one or more foreign directors. The study's findings are robustness to different economic techniques and alternative measure of dependent variables and endogeneity concerns. Overall, the study's findings show that female directors with foreign experience transmit environmental and sustainable knowledge and practices to Chinese companies.Originality/valueFirst, the authors believe that this is the first study to analyze the impact of the overseas experience of female directors on corporate green commitment. Most previous studies have examined the influence of the presence of female directors or different attributes such as age, education and independence of female directors on board decisions, in order to protect the interests of multiple stakeholders (Elmagrhi et al., 2019; He and Jiang, 2019; McGuinness et al., 2017). This study finds that, in addition to other different attributes, the foreign experience of female directors also has a significant role in promoting corporate green commitment. By pushing corporate green commitment, these women directors leverage their experience in advanced economies abroad to add to the Chinese government's environmental and sustainability goal of achieving net zero carbon by 2060. As such, this is one of the first studies to highlight the experiences of female directors in transferring environmental and sustainability practices to Chinese companies. Second, the authors add to the literature by integrating two important board perspectives, such as gender diversity and the impact of foreign experience on corporate green commitment. Previous research has explored the presence or absence of female directors on board or foreign experience. However, this study adds to the literature by introducing important attributes of the influence of female directors' foreign experience on decision making. Third, this study provides evidence on the impact of foreign independent directors on the board. The authors document foreign independent directors enhance the relationship between female directors' foreign experience and corporate green commitment. The study's findings complement previous research by Liang and Renneboog (2017), showing that female directors with foreign experience transfer advanced levels of environmental and sustainable practice knowledge to Chinese companies.

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“…The results of extant studies are mixed. Some studies show that foreign ownership has a positive impact on the CSR reporting of developing countries (Khan et al, 2013; Ning et al, 2022; Rustam et al, 2019; Ullah et al, 2022). In contrast, some studies find that foreign ownership has no significant influence on CSR reporting (Luo et al, 2017; Marquis & Qian, 2014).…”

Section: Theory and Hypothesis Developmentmentioning

confidence: 99%

Foreign ownership, passive‐learning knowledge spillovers, and corporate social responsibility reporting in China

Zhang²,

Gao

et al. 2023

Corp Soc Responsibility Env

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As there are many studies on the predictors of corporate social responsibility (CSR) reporting, the influences of foreign direct investments (FDIs) knowledge spillovers (KSs) on CSR reporting in developing countries remain unclear. This paper introduces the passive‐learning KSs concept to explain whether, why, and how domestic firms learn CSR knowledge from their foreign counterparts. First, we investigate the relationship between foreign ownership and the quality of CSR reporting (CSRQ). Second, we test the moderating effect of three types of direct institutional pressures: the green development policy, the mandatory CSR reporting requirement, and CSR regulations issued by the State‐owned Assets Supervision and Administration Commission. Third, we examine the moderating effect of board interlocks to explore the indirect impacts of institutional pressures. We run regressions on a sample of Chinese A‐share listed companies and the hypotheses are generally supported. This paper contributes to the literature on CSR reporting and FDIs KSs by adopting the passive‐learning KSs theory to explain CSR KSs in developing countries.

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Female Directors' Foreign Experience and Environmental and Sustainable Performance*

Cited by 19 publications

References 44 publications

Board diversity and corporate social performance in family firms. The moderating effect of the institutional and business environment

Board diversity and corporate social performance in family firms. The moderating effect of the institutional and business environment

Influence of independent female directors on green commitment

Foreign ownership, passive‐learning knowledge spillovers, and corporate social responsibility reporting in China

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