Is social capital a determinant of board gender diversity?

Oyotode‐Adebile, Renee; Ujah, Nacasius U.

doi:10.1111/jfir.12231

Cited by 21 publications

(4 citation statements)

References 67 publications

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“…Firms located in high social capital regions tend to achieve a critical mass (i.e., three or more) of female directors; female directors hold memberships on audit, compensation, and/or nomination committees; and serve as chairs of audit and nomination committees. Oyotode‐Adebile and Ujah (2021) provide similar finding. Regarding executive compensation, Hoi et al (2019) document a negative relationship between social capital and CEO pay including opportunistic option grant awards, supporting the notion that high social capital mitigates managerial rent extraction in CEO compensation.…”

Section: Review Of the Literature On Social Capital And Social Trustsupporting

confidence: 59%

Consequences of local social norms: A review of the literature in accounting, finance, and corporate governance

Habib

Costa

Al‐Hadi

2022

Accounting & Finance

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We synthesise the empirical archival research on the consequences of local social norms on accounting, finance, and corporate governance outcomes in an international setting. The literature reviewed is premised on the theory that corporations do not make decisions, but managers do, and managers are likely to be influenced by the socioeconomic environment of the region in which they operate and/or by the people with whom they interact. To provide a structure to our review, we identify social capital, religiosity, gambling norms, and corruption culture, as four constructs of local social norms and link these with financial reporting and external auditing, financial, investment, and dividend decisions, capital market consequences and finally, corporate governance and corporate social responsibility behaviour of firms. We highlight some limitations of the existing research and offer some suggestions for future research.

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Section: Review Of the Literature On Social Capital And Social Trustsupporting

confidence: 59%

Consequences of local social norms: A review of the literature in accounting, finance, and corporate governance

Habib

Costa

Al‐Hadi

2022

Accounting & Finance

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“…Lastly, this study also contributes to the literature related to the determinants of board gender diversity that remained focused on board characteristics, performance, ownership structure as antecedents of gender diversity in executive positions (Blommaert & van den Brink, 2020;Brieger et al, 2019;Oyotode-Adebile & Ujah, 2021;Saeed et al, 2016). We add to this cohort of studies by considering poor institutional quality at home as a driver of pursuing gender diversity.…”

Section: Discussionmentioning

confidence: 93%

Pursuing sustainability development goals through adopting gender equality: Women representation in leadership positions of emerging market multinationals

Saeed

Riaz

Baloch

2022

European Management Review

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This study examines the competitive disadvantages rationale behind the pursuing of Sustainability Development Goals (SDGs) by emerging market multinational corporations (EM‐MNCs) in foreign markets. We argue that EM‐MNCs may pursue gender equality goal in host markets as a legitimation strategy to offset their strategic disadvantages inherited from the home markets. Based on a sample of foreign subsidiaries from 10 major emerging countries from 2010 to 2020, this study finds strong evidence demonstrating that the institutional quality of home markets exerts a positive effect on the representation of women in leadership positions of EM‐MNCs. Additional analyses demonstrate that international experience and institutional ownership further magnify this effect.

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“…Section 4 discusses various board gender diversity laws in different countries. Additionally, researchers find that firms headquartered in US counties with high social capital (defined as beliefs, norms, and informal networks) tend to have more women on boards since social norms and networks put external pressure on firms and shareholders to pursue board gender diversity (Oyotode‐Adebile & Ujah, 2021). Firms headquartered in US states with more women‐friendly policies (availability of emergency contraception, public funding for abortion policies, and anti‐gender discrimination policies) tend to have more gender‐diverse boards (Thams et al, 2018).…”

Section: Situation‐centered Antecedentsmentioning

confidence: 99%

Antecedents of top management team and board gender diversity: A review and an agenda for research

Yao

2022

Corporate Governance

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Research Question/Issue The paper aims to understand the factors hindering and facilitating women's access to top management teams (TMTs) and boards of directors. It provides a systematic review of extant scholarly work on the antecedents of TMT and board gender diversity. Research Findings/Insights Reviewing and integrating research from over 200 journal publications, I develop an integrative review of the antecedents of gender diversity for two types of research contexts—TMT and board—at three levels: person centered, situation centered, and social‐system centered. I also identify knowledge gaps and suggest areas for future research. Theoretical/Academic Implications This comprehensive review of extant research simultaneously considers antecedents of TMT gender diversity and board gender diversity, providing insights into divergent trends of TMT and board gender diversity while highlighting understudied areas. Hopefully, the review will inspire more research to advance knowledge of the antecedents of TMT and board gender diversity, areas that have received relatively little attention compared with extensive research on the consequences of gender diversity. Practitioner/Policy Implications Gender diversity in corporate leadership is a topic of great interest. The growth in board gender diversity is unprecedented, but growth in TMT gender diversity has been stagnant. I offer a synthesis of extant literature to understand the social, situational, and individual drivers of TMT and board gender diversity, providing valuable insights for policymakers, investors, executives, and directors who seek to improve corporate leadership gender diversity.

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Is social capital a determinant of board gender diversity?

Cited by 21 publications

References 67 publications

Consequences of local social norms: A review of the literature in accounting, finance, and corporate governance

Consequences of local social norms: A review of the literature in accounting, finance, and corporate governance

Pursuing sustainability development goals through adopting gender equality: Women representation in leadership positions of emerging market multinationals

Antecedents of top management team and board gender diversity: A review and an agenda for research

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