Sustainability and financial performance of transport and logistics firms: Does board gender diversity matter?

被引：11

作者：

Shakil, Mohammad Hassan ^{[1
,2
]}

Munim, Ziaul Haque ^{[3
]}

Zamore, Stephen ^{[4
,5
]}

Tasnia, Mashiyat ^{[6
]}

机构：

[1] East Delta Univ, Sch Business Adm, Chittagong, Bangladesh

[2] Taylors Univ, Fac Business & Law, Sch Accounting & Finance, Subang Jaya, Malaysia

[3] Univ South Eastern Norway, Fac Technol Nat & Maritime Sci, Horten, Norway

[4] NLA Univ Coll, Hauge Sch Management, Kristiansand, Norway

[5] Univ Agder, Sch Business & Law, Kristiansand, Norway

[6] Int Islamic Univ Malaysia, Inst Islamic Banking & Finance, Kuala Lumpur, Malaysia

来源：

JOURNAL OF SUSTAINABLE FINANCE & INVESTMENT | 2024年 / 14卷 / 01期

关键词：

Board gender diversity; environmental performance; social performance; upper echelon theory; stakeholder theory; sustainability; CORPORATE SOCIAL-RESPONSIBILITY; ENVIRONMENTAL SUSTAINABILITY; GOVERNANCE; IMPACT; RISK; DISCLOSURES; SERVICE; WOMEN; CSR; DIRECTORS;

D O I：

10.1080/20430795.2022.2039998

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

This study examines the influence of corporate environmental performance (CEP) and corporate social performance (CSP) on corporate financial performance (CFP) of transport and logistics firms. Moreover, the moderating effects of board gender diversity (BGD) on the relationship between CEP and CFP, and CSP and CFP are also investigated. We use a cross-country sample of 56 transport and logistics firms with 243 firm-year observations between 2013 and 2017. We estimate the hypothesised relationships using fixed effect and random effect models. The findings reveal that CEP has a significant negative effect on CFP but the positive moderating effects of BGD mitigates the adverse effect. We further find a significant negative effect of CSP on CFP, but no moderating effect of BGD therein. The findings indicate that transport and logistics firms should maintain their board gender diversity to achieve a positive outcome of their investments into environmental performance.

引用

页码：100 / 115

页数：16

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