The nexus of ESG and environmental sustainability: Does gender diversity make a difference in Asian companies?

Saleh, Mohammed W. A.; Maigoshi, Zaharaddeen Salisu

doi:10.1007/s10668-024-04498-5

Cited by 6 publications

(2 citation statements)

References 82 publications

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“…Aksoy and Yilmaz (2023) emphasize the significant role that women directors play in monitoring and advising executives on strategic formulation and resource management. This notion is also supported by Arora and Soni (2023); Saleh and Maigoshi (2024). Therefore, having women on boards benefits both shareholders and debt-holders, as it improves the governance framework and enhances financial report transparency and accuracy (Mansour et al, 2022b;Alshira'h & Lutf, 2023;Shubita & Alrawashedh, 2023).…”

Section: Introductionmentioning

confidence: 88%

“…While there is a global enthusiasm to promote women's presence on corporate boards (Mansour et al, 2024b), men continue to be prioritized worldwide (La Rocca et al, 2020), including in MENA nations . In response to public pressure (Lundvall et al, 2017), big investors, and the media, various countries suggest increasing women representation in boardrooms as part of gender equality (Al-Nohood et al, 2024a;Saleh & Maigoshi, 2024). By 2020, the European Commission mandated a minimum quota of 40% for women on boards (Yu & Madison, 2021).…”

Section: Introductionmentioning

confidence: 99%

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Board Gender Diversity and Cost of Debt: Evidence from MENA Region: Conceptual Paper

Mansour,

Salhab,

Marei

2024

IJARAFMS

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This study aims to thoroughly analyze existing literature to examine how board gender diversity affects the cost of debt. The focus of this research is to understand how gender diversity in corporate boards affects borrowing costs. This review aims to offer valuable insights and directions for upcoming empirical research. The present study suggests that the upcoming empirical study should focus on publicly traded companies in the MENA region between 2010 and 2023. Many countries have established rules or recommendations that require or promote the inclusion of women in boardrooms. Like other countries, MENA nations are striving to promote gender equality in boardrooms, aiming to establish an inclusive social, political, and economic atmosphere that fosters economic growth. Many countries have established rules or recommendations that require or promote the inclusion of women in boardrooms. Like other countries, MENA nations are striving to promote gender equality in boardrooms, aiming to establish an inclusive social, political, and economic atmosphere that fosters economic growth. Besides achieving long-term objectives, corporations must access funds at a lower cost to foster business growth. Practical studies have shown that governance mechanisms in various companies, particularly in emerging markets, can significantly reduce debt costs and financial difficulties. This study predicts that women serving on corporate boards will have a significant impact on corporate financial decisions and will play a crucial role in determining the cost of debt financing. Women's participation in top-level corporate management is a subject of debate. Several studies have shown that underrepresented women on boards influence policymakers and regulators to intervene. Quotas can be implemented directly or indirectly to increase women's

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Section: Introductionmentioning

confidence: 88%

Section: Introductionmentioning

confidence: 99%

Board Gender Diversity and Cost of Debt: Evidence from MENA Region: Conceptual Paper

Mansour,

Salhab,

Marei

2024

IJARAFMS

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CEOs family on the boardroom and environmental, social, and governance disclosure: Exploring from economic crisis during COVID‐19

Ardianto,

Cahyono,

Sulaiman

2024

Bus Strat Dev

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This study examines the relationship between family‐run businesses and the quality of environmental, social, and governance (ESG) disclosure, with a specific focus on the influence of the COVID‐19 pandemic. Drawing on a sample of 559 firm‐year observations from publicly listed companies in ASEAN countries spanning from 2019 to 2022, this study measure ESG disclosure quality using the global reporting initiative guidelines for sustainability reports. Family‐run businesses are identified as those with family members serving on the board of directors. This study finding reveals that family‐run businesses exhibit higher ESG disclosure quality compared to companies without family representation on their boards. Furthermore, results show a significant positive impact of the COVID‐19 pandemic on the relationship between family‐run businesses and their ESG disclosure practices. The implications of this study are significant for various stakeholders, including owners, management, and regulators. This research contributes to the existing literature by offering empirical evidence on the relationship between family‐run businesses and ESG disclosure within the context of ASEAN countries, particularly amidst the COVID‐19 pandemic. By shedding light on the positive association between family involvement and ESG disclosure quality, this study provides valuable insights for practitioners and policymakers seeking to promote sustainable business practices in emerging markets.

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Environmental performance and firm performance in Europe: The moderating role of board governance

Dohrmann,

Martinez‐Blasco,

Moring

et al. 2024

Corp Soc Responsibility Env

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This research presents novel insights into the relationship between environmental performance and firm performance, focusing on the moderating role of board governance. Unlike the single‐dimensional examination in previous studies, we examine five board variables collectively in our moderator analysis. Employing ordinary least squares regression and a series of robustness tests, we investigate 582 European listed firms across various industries from 2016 to 2021. Our findings reveal a positive influence of environmental performance on firm performance, measured by Tobin's Q and ROA. Furthermore, we find that board independence, gender diversity and audit committee independence moderate this relationship. To address potential endogeneity issues, we employ GMM modelling. This study significantly contributes to the environmental performance and firm performance literature by offering evidence on the moderating role of board mechanisms. Moreover, it offers valuable insights for policymakers and practitioners, highlighting the need to monitor corporate boards for improved environmental and financial outcomes.

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The nexus of ESG and environmental sustainability: Does gender diversity make a difference in Asian companies?

Cited by 6 publications

References 82 publications

Board Gender Diversity and Cost of Debt: Evidence from MENA Region: Conceptual Paper

Board Gender Diversity and Cost of Debt: Evidence from MENA Region: Conceptual Paper

CEOs family on the boardroom and environmental, social, and governance disclosure: Exploring from economic crisis during COVID‐19

Environmental performance and firm performance in Europe: The moderating role of board governance

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