Board gender diversity and environmental performance: A semi-parametric panel data analysis

被引：4

作者：

Dang, Rey ^{[1
]}

Karmani, Majdi ^{[2
]}

Houanti, L'Hocine ^{[3
]}

Simioni, Michel ^{[4
,5
]}

Abid, Ilyes ^{[4
,6
]}

机构：

[1] Istec Business Sch, Paris, France

[2] Excelia Business Sch, CERIIM, La Rochelle, France

[3] EM Normandie, Metis Lab, Paris, France

[4] Univ Montpellier, INRAE, MOISA, Montpellier, France

[5] Univ Toulouse, TSE, Toulouse, France

[6] ISC Paris Business Sch, Paris, France

来源：

FINANCE RESEARCH LETTERS | 2023年 / 58卷

关键词：

Board gender diversity; Corporate social performance; Environmental performance; Semi-parametric regression; Panel data; CORPORATE SOCIAL PERFORMANCE; FINANCIAL PERFORMANCE; FIRM PERFORMANCE; DIRECTORS; WOMEN; SUSTAINABILITY; RESPONSIBILITY; OWNERSHIP; INDUSTRY; GREEN;

D O I：

10.1016/j.frl.2023.104032

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

Using Baltagi and Li's (2002) semi-parametric panel fixed effects model, this article investigates the effect of board gender diversity (BGD) on a firm's environmental performance (EP) in a sample of firms from the 2020 Fortune 1000 Index over the 2004-2020 period. We address the endogeneity issue via a control function. Contrary to the existing literature, we find an inverted Ushaped BGD-EP relationship with a turning point. Similarly, we show that this relationship is endogenous and dynamic by nature. Overall, we find a curvilinear relationship (inverted U-shape) between BGD and EP, thereby supporting the "too-much-of-a-good-thing" (TMGT) effect (Pierce and Aguinis, 2013).

引用

页数：9

共 85 条

[1] Women on boards: The superheroes of tomorrow?
Adams, Renee B.
[J]. LEADERSHIP QUARTERLY, 2016, 27 (03) : 371 - 386
[2] Women in the boardroom and their impact on governance and performance
Adams, Renee B.
Ferreira, Daniel
[J]. JOURNAL OF FINANCIAL ECONOMICS, 2009, 94 (02) : 291 - 309
[3] Board gender diversity and sustainability reporting quality
Al-Shaer, Habiba
Zaman, Mahbub
[J]. JOURNAL OF CONTEMPORARY ACCOUNTING & ECONOMICS, 2016, 12 (03) : 210 - 222
[4] FORMULATION AND ESTIMATION OF DYNAMIC-MODELS USING PANEL DATA
ANDERSON, TW
HSIAO, C
[J]. JOURNAL OF ECONOMETRICS, 1982, 18 (01) : 47 - 82
[5] Does board gender diversity affect renewable energy consumption?
Atif, Muhammad
Hossain, Mohammed
Alam, Md Samsul
Goergen, Marc
[J]. JOURNAL OF CORPORATE FINANCE, 2021, 66
[6] Does CSR matter in times of crisis? Evidence from the COVID-19 pandemic
Bae, Kee-Hong
El Ghoul, Sadok
Gong, Zhaoran
Guedhami, Omrane
[J]. JOURNAL OF CORPORATE FINANCE, 2021, 67
[7] Baltagi B.H., 2002, ANN ECON FINANC, V3, P103
[8] Why companies go green: A model of ecological responsiveness
Bansal, P
Roth, K
[J]. ACADEMY OF MANAGEMENT JOURNAL, 2000, 43 (04) : 717 - 736
[9] Board Gender Diversity and Corporate Response to Sustainability Initiatives: Evidence from the Carbon Disclosure Project
Ben-Amar, Walid
Chang, Millicent
McIlkenny, Philip
[J]. JOURNAL OF BUSINESS ETHICS, 2017, 142 (02) : 369 - 383
[10] Blundel R., 2003, Advances in Economics and Econometrics: Volume 2: Theory and Applications, V2

← 1 2 3 4 5 6 7 8 9 →