scholarly journals Are there gender-related influences on corporate sustainability? A study of women on boards of directors

2011 ◽  
Vol 17 (1) ◽  
pp. 17-38 ◽  
Author(s):  
Jeremy Galbreath
Keyword(s):  
Environmental Quality ◽  
Boards Of Directors ◽  
Corporate Sustainability ◽  
Gender Diversity ◽  
Future Research ◽  
Social Responsiveness ◽  
Women Directors ◽  
Work Experiences ◽  
Listed Firms ◽  
Women On Boards

AbstractThis study sought to investigate if there is a link between women on boards of directors and corporate sustainability. Using a sample of publicly listed firms from Australia, the results suggest some level of support that a link does exist. Boards that have a strong complement of gender diversity are expected to offer more effective monitoring of agents, as well as offer more stringent enforcement of ethical conduct, thereby minimizing affects of subversion of shareholder funds that can be detrimental to their returns. Accordingly, findings confirm a positive link between women on boards and economic growth. Because of their relational abilities, women on boards are more likely able to engage with multiple stakeholders and respond to their needs, resulting in an avenue for demonstrating social responsiveness, which is confirmed by the results. However, due to their backgrounds and work experiences, sex-based biases and stereotyping might exist in boardrooms with men directors discounting input from women directors on issues relating to environmental quality. The results of this study find that women directors are not significantly associated with environmental quality. Discussion is given to these findings along with paths for future research.

scholarly journals Are there gender-related influences on corporate sustainability? A study of women on boards of directors

2011 ◽  
Vol 17 (1) ◽  
pp. 17-38 ◽  
Author(s):  
Jeremy Galbreath
Keyword(s):  
Environmental Quality ◽  
Boards Of Directors ◽  
Corporate Sustainability ◽  
Gender Diversity ◽  
Future Research ◽  
Social Responsiveness ◽  
Women Directors ◽  
Work Experiences ◽  
Listed Firms ◽  
Women On Boards

AbstractThis study sought to investigate if there is a link between women on boards of directors and corporate sustainability. Using a sample of publicly listed firms from Australia, the results suggest some level of support that a link does exist. Boards that have a strong complement of gender diversity are expected to offer more effective monitoring of agents, as well as offer more stringent enforcement of ethical conduct, thereby minimizing affects of subversion of shareholder funds that can be detrimental to their returns. Accordingly, findings confirm a positive link between women on boards and economic growth. Because of their relational abilities, women on boards are more likely able to engage with multiple stakeholders and respond to their needs, resulting in an avenue for demonstrating social responsiveness, which is confirmed by the results. However, due to their backgrounds and work experiences, sex-based biases and stereotyping might exist in boardrooms with men directors discounting input from women directors on issues relating to environmental quality. The results of this study find that women directors are not significantly associated with environmental quality. Discussion is given to these findings along with paths for future research.

Is Board Gender Diversity Linked to Financial Performance? The Mediating Mechanism of CSR

2016 ◽  
Vol 57 (5) ◽  
pp. 863-889 ◽  
Author(s):  
Jeremy Galbreath
Keyword(s):  
Financial Performance ◽  
Boards Of Directors ◽  
Gender Diversity ◽  
Future Research ◽  
Representation Of Women ◽  
Stakeholder Interests ◽  
Women On Boards ◽  
Board Gender Diversity ◽  
Positive Direct ◽  
Corporate Social

The evidence for a positive, direct link between the representation of women on boards of directors and financial performance is tenuous. Given the importance of the gender diversity–financial performance debate, researchers are left to examine how, if at all, the two are linked. The present study takes the position that the link is indirect. Specifically, following stakeholder theory, an argument is made that women on boards’ attunement to stakeholder interests leads them to influence firms’ prosocial actions, which results in higher levels of corporate social responsibility (CSR). In turn, following the extant literature, CSR is expected to be positively linked to financial performance. Relying on a sample of Australia’s largest publicly traded firms, the results demonstrate that women on boards are linked to CSR and that CSR is linked to financial performance. However, in the mediation test, CSR appears to fully mediate the link between women on boards and financial performance. The results are discussed along with limitations and future research directions.

scholarly journals A Bibliometric Review of Global Research on Corporate Governance and Board Attributes

2019 ◽  
Vol 11 (12) ◽  
pp. 3428 ◽  
Author(s):  
Chenglong Zheng ◽  
Roy Kouwenberg
Keyword(s):  
Corporate Governance ◽  
Boards Of Directors ◽  
Corporate Sustainability ◽  
Gender Diversity ◽  
Practical Importance ◽  
Future Research ◽  
Top Executives ◽  
Strategic Direction ◽  
Bibliometric Review ◽  
Global Research

This paper conducts a bibliometric review of global research on the role of boards of directors in corporate governance. Boards of directors play a crucial role in the corporate governance of publicly traded firms, as they monitor the performance of top executives on behalf of shareholders and help to set the firm’s overall strategic direction. Our review documents most influential articles, authors, and journals in this area. The bibliometric analysis highlights the multi-disciplinary nature of research on boards of directors, covering the fields of finance and economics, accounting and auditing, and management and strategy. Furthermore, co-citation analyses reveal the core theoretical and conceptual articles on agency theory and ownership structure that provide the foundation for research on corporate governance and boards of directors. The review shows that, despite its practical importance, studies on how boards of directors contribute to corporate sustainability represent only a small fraction of the articles in this literature. This highlights the need for more research on this particular topic in the coming years. Moreover, the keyword co-occurrence analysis suggests other emerging research topics in the BDCG knowledge base are in the areas of gender diversity, CSR, and innovation, which pinpoints possible future research directions for scholars in the field.

scholarly journals Presence of Women on Board: Reference to BSE-30 Companies from 2010-2014

2017 ◽  
Vol 1 (1) ◽  
pp. 24-30
Author(s):  
Nisa S
Keyword(s):  
Boards Of Directors ◽  
Gender Diversity ◽  
Corporate Boards ◽  
Women Directors ◽  
Global Workforce ◽  
Talent Pool ◽  
Women Employees ◽  
Board Performance ◽  
Changing Demographics

The need for gender diversity in the board rooms is getting accepted at corporate levels both national and international. Any change which is brought about voluntarily is more effective and long lasting. Gender representation on corporate boards of directors refers to the proportion of men and women who occupy board member positions. Studies have shown that even though there is no real dearth of talent pool, India, comparatively, has significantly a very low percentage of women representation on boards. No one doubts the importance of diversity in boardrooms, especially in improving corporate governance. With the changing demographics of the global workforce and the fact that women will control 75% of discretionary spending by 2028, globally companies cannot underestimate the importance of improving the gender balance on their boards. Women are increasingly becoming a major driver of the economy, both as contributors and as customers; it is appropriate that they be a part of the team leading companies. Past researches have shown that boards with more women members act as a motivator to other women employees within the organization. Continuing reliance on existing directors is likely to dilute the quality of board members. Broadening the talent pool by including women directors will help boards get skilled and competent members with a diversity of perspectives and leadership styles who can significantly contribute to board performance. The following study was conducted to assess the presence of women on board in BSE 30 listed companies from 2010 to 2014.

scholarly journals Boardroom gender diversity in JSE-listed South African mining companies

2015 ◽  
Vol 11 (2) ◽  
pp. 213-226
Author(s):  
Nthabiseng Violet Moraka
Keyword(s):  
South African ◽  
Gender Diversity ◽  
Talent Management ◽  
Business Case ◽  
Demographic Characteristics ◽  
External Support ◽  
Women Directors ◽  
Management Framework ◽  
Mining Companies ◽  
Women On Boards

Despite the socio-political, ethical and business case for female board membership, women remain underrepresented in company boards. Using theories that support the membership of women on boards, this article presents the case for gender diversity in the boardroom. By employing a sample of 506 directors from 56 JSE-listed mining companies this article reports on the demographic characteristics, percentage of women in mining boards, and attributes that are predictive of women’s membership on boards. Results show that women serving on mining boards possess specialised knowledge in combination with advanced education. They either bring external support as outsiders, or are support specialists with financial, legal, arts and economics backgrounds. This study recommends the development of a talent management framework of women directors focused on their recruitment, development and retention.

Managing gender diversity and board dynamics: The role of male chairpersons of large listed firms

2021 ◽  
pp. 031289622110665
Author(s):  
Terrence W Fitzsimmons ◽  
Victor J Callan
Keyword(s):  
Gender Diversity ◽  
Jel Classification ◽  
Future Research ◽  
Board Members ◽  
Social Category ◽  
Highly Qualified ◽  
Social Psychological ◽  
Listed Firms ◽  
Board Dynamics

To better understand the links between gender diversity and board dynamics, 45 male chairs of large Australian Securities Exchange (ASX) firms were interviewed to identify the impacts of the appointment of women on board functioning. Chairs held very positive perceptions about the influence of women board members, including improved dynamics around reflexivity, communication and debate which assisted chairs to promote a sense of shared group membership and cohesion. Every chair consciously worked to ensure that board member gender was not made a salient attribute or social category. Irrespective of gender, chairs encouraged board members to judge themselves as fulfilling specific components of the board skills matrix, while also identifying as a social category of highly qualified professionals rather than as unique individuals or factions categorised by gender difference or business track records. A preliminary social-psychological framework is proposed to guide future research and to promote improved boardroom practices. JEL classification: D23, D74, G41

scholarly journals Gender diversity and corporate sustainability performance: empirical evidence from India

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Ritu Pareek ◽  
Tarak Nath Sahu ◽  
Arindam Gupta
Keyword(s):  
Positive Impact ◽  
Stock Exchange ◽  
Corporate Sustainability ◽  
Gender Diversity ◽  
Women Directors ◽  
Content Type ◽  
Sustainability Performance ◽  
Corporate Sustainability Performance ◽  
The Impact ◽  
The Relationship

Purpose This study aims to attempt to evaluate and establish the relationship between gender diversity (GD) on the board and corporate sustainability performance. Design/methodology/approach A sample of 212 non-financial companies listed on the National Stock Exchange has been considered for a period of 2013–2014 to 2018–2019. For the purpose of the analysis, this study has conducted the static panel data model analysis and also some diagnostics tests to arrive at robust results. Findings This study, from its analysis, interprets that GD or the proportion of women directors in the company plays a significant role in the decisions related to the sustainability performance of the company. Alongside GD, the profitability of the company, measured in terms of Tobin’s Q, and firm size are also seen to have a positive impact on the sustainability performance of the company. Practical implications This study from its findings contributes to the existing works of literature by highlighting the impact of GD on the sustainability performance of the firm. This study thus recommends the recruitment of an ample number of females in the top-notch positions of the board to create a gender-diverse management team to reap the benefits of leadership styles of both genders. Originality/value Very few studies have been conducted on the dynamics of women’s directorship, especially in an emerging economy like India. This study thus tries to fill this important gap in the literature by examining the relationship between board GD and sustainability performance of Indian firms.

scholarly journals Does Board Gender Diversity Affects Dividend Payout? Evidence from a review of literature

2020 ◽  
Vol 5 (16) ◽  
pp. 19-34
Author(s):  
Emma Anuar ◽  
Rozainun Abdul Aziz ◽  
Maslinawati Mohamad ◽  
Rugayah Hashim
Keyword(s):  
Gender Discrimination ◽  
Boards Of Directors ◽  
Publishing House ◽  
Gender Diversity ◽  
Board Composition ◽  
Corporate Boards ◽  
Women Directors ◽  
Dividend Payout ◽  
Board Gender Diversity ◽  
The Impact

The objective of this paper is to review the literature on how board gender diversity impacts dividend payout among public listed companies in Malaysia. Traditionally, higher-level management positions are held by men. Leadership and decision making are predominantly male, while the minority are women directors. When corporate boards show diversity, there is a significant presence of women or the addition of women to the board. In the past, present, and indeed the future, board gender diversity is the issue that is a growing trend and is getting more attention. The shareholders and investors are putting pressure on the boards of directors’ to show increased performance. The findings from this paper will provide evidence on whether board gender diversity influences the dividend payout. Board composition without gender discrimination is the new normal for corporations to thrive after the global lockdowns from Covid-19. Other relevant matters on the impact of board gender diversity will also be discussed.Keywords: board gender diversity; board characteristics; board composition; board traits; female directors; dividend payout; MalaysiaeISSN: 2514-7528 © 2020 The Authors. Published for AMER ABRA cE-Bs by e-International Publishing House, Ltd., UK. This is an open-access article under the CC BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/). Peer–review under responsibility of AMER (Association of Malaysian Environment-Behaviour Researchers), ABRA (Association of Behavioural Researchers on Asians) and cE-Bs (Centre for Environment-Behaviour Studies), Faculty of Architecture, Planning & Surveying, Universiti Teknologi MARA, Malaysia.DOI: https://doi.org/10.21834/jabs.v5i16.350

scholarly journals Corporate governance and remuneration: a bibliometric analysis

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Jinnatul Raihan Mumu ◽  
Paolo Saona ◽  
Hasibul Islam Russell ◽  
Md. Abul Kalam Azad
Keyword(s):  
Corporate Governance ◽  
Bibliometric Analysis ◽  
Boards Of Directors ◽  
Gender Diversity ◽  
Research Field ◽  
Future Research ◽  
Top Management ◽  
Outside Directors ◽  
Governance System ◽  
Content Type

PurposeThis study aims to pinpoint gaps in the literature on corporate governance and remuneration by producing a comprehensive bibliometric review for the period 1990–2020.Design/methodology/approachBibliometric analysis is the quantitative study of the bibliographic material in a specific research field. It allows an analyst to classify that material by paper, journal, author, indexation, institution or country, among other possibilities. This study reviews a total of 298 Web of Science–indexed journal articles on corporate governance and top-management remuneration schemes.FindingsThe authors find five distinct research strands: (1) firm performance and remuneration of top management, (2) the remuneration and independence of boards of directors and the efficiency of boards of directors as a governance system, (3) outside-director remuneration and the efficiency of outside directors as a monitoring system, (4) director remuneration and the corporate governance of companies and (5) the role of ownership structure and top managers' compensation schemes as corporate-governance tools. The authors identify gaps in the literature and avenues for future research for each of these strands.Practical implicationsThe authors’ findings have implications for board diversity (e.g. gender diversity), remuneration policy for top-level managers and governance issues (independent directors, separation of ownership with control). This study is the only one to summarize the key topics on which top research has been focused and can be broadly used for corporate governance management perspective.Originality/valueThis paper provides an overview of how the literature on corporate governance and remuneration has developed and a synopsis of the most influential and most productive authors, countries and journal sources. It creates an opportunity for other researchers to focus on this area. This study will also serve as a foundation for future meta-analyses.

Impact of Board Gender Diversity on Firm Value: International Evidence

2017 ◽  
pp. 65-76 ◽  
Author(s):  
Anh Vo Thi Thuy ◽  
Khanh Bui Phan Nha
Keyword(s):  
Firm Value ◽  
Gender Diversity ◽  
Developed Countries ◽  
Listed Firms ◽  
International Evidence ◽  
Women On Boards ◽  
Negative Effect ◽  
Board Gender Diversity ◽  
The Impact ◽  
Firm Market Performance

This paper focuses on the impact of board gender diversity on firm performance. Using a sample of 880 listed firms in 10 developed countries covering a nine year period, we find that gender diversity has a negative effect on firm market performance. The result is consistent when different robustness checks are employed. A negative correlation can be explained by the fact that the presence of women on boards increases monitoring function. When the investors’ rights are well protected by the legal system, this extra monitoring may be costly for firms. This finding suggests that a quota for the exact anticipation of female directors on boards should be carefully considered.

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