Board gender diversity, quotas, and ESG disclosure: Global evidence

被引：54

作者：

Alkhawaja, Abdallah ^{[1
]}

Hu, Fang ^{[1
]}

Johl, Shireenjit ^{[1
]}

Nadarajah, Sivathaasan ^{[1
]}

机构：

[1] Griffith Univ, Griffith Business Sch, Dept Accounting Finance & Econ, Meadowbrook, Qld, Australia

来源：

INTERNATIONAL REVIEW OF FINANCIAL ANALYSIS | 2023年 / 90卷

关键词：

Board gender diversity; ESG disclosure; Stakeholderregimes; Information environments; Quotas; CORPORATE SOCIAL-RESPONSIBILITY; STAKEHOLDER ORIENTATION; FIRM PERFORMANCE; CSR PERFORMANCE; WOMEN; DIRECTORS; IMPACT; GOVERNANCE; MANAGEMENT; COSTS;

D O I：

10.1016/j.irfa.2023.102823

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

This study examines the impact of gender-diverse boards and the staggered initiation of gender quotas around the world on environmental, social, and governance (ESG) disclosure. Using a sample of 48 countries from 2005 to 2019, we show a significantly positive relationship between gender-diverse boards and ESG disclosure. This positive effect of gender diversity becomes stronger in countries with weaker stakeholder regimes and infor-mation environments, suggesting that those countries can obtain greater benefits by appointing more female directors. Further, using a staggered difference-in-differences design, we document a significant increase in ESG disclosure following the enactment of gender quotas. Overall, our findings demonstrate why gender-diverse boards for corporate social actions are relevant in an international setting.

引用

页数：15

共 77 条

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