How board diversity and ownership structure shape sustainable corporate performance

被引：7
作者：
Khan, Ajab [1 ]
Baker, H. Kent [2 ]
机构：
[1] Univ Portsmouth, Fac Business & Law, Richmond Bldg,Portland St, Portsmouth PO1 3DE, Hants, England
[2] Amer Univ, Dept Finance & Real Estate, Kogod Sch Business, Washington, DC 20016 USA
来源：
MANAGERIAL AND DECISION ECONOMICS | 2022年 / 43卷 / 08期
关键词：
RESPONSIBILITY CSR DISCLOSURE; SOCIAL-RESPONSIBILITY; EMPIRICAL-EVIDENCE; GENDER DIVERSITY; GOVERNANCE; FIRM; DIRECTORS; AGENCY; DETERMINANTS; MANAGEMENT;
D O I：
10.1002/mde.3626
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
This study investigates how demographic board diversity and ownership structure shape Turkish firms' sustainable corporate performance (SCP) between 2013 and 2019. We use a panel dataset of 67 Borsa Istanbul (BIST) 100 indexed non-financial and non-utility firms. Based on logit and probit regression estimations, our empirical findings confirm that board diversity factors, including gender, nationality, experience, educational level, and tenure, are statistically significant and positively related to SCP. Contrary to expectations, ownership concentration has a significantly positive association with SCP. This study contributes insights about Turkish firms' board diversity that have practical implications for companies, regulators, and policymakers.
引用
收藏
页码：3751 / 3770
页数：20
相关论文
共 129 条
  • [1] Corporate Social Responsibility and Financial Performance: The Moderating Role of Ownership Concentration in Turkey
    Akben-Selcuk, Elif
    [J]. SUSTAINABILITY, 2019, 11 (13):
  • [2] Akdogan N., 2020, Journal of Accounting and Management Information Systems, V19, P5, DOI DOI 10.24818/JAMIS.2020.01001
  • [3] Antecedents of corporate sustainability performance in Turkey: The effects of ownership structure and board attributes on non-financial companies
    Aksoy, Mine
    Yilmaz, Mustafa K.
    Tatoglu, Ekrem
    Basar, Merve
    [J]. JOURNAL OF CLEANER PRODUCTION, 2020, 276
  • [4] Al-Najjar B, 2017, INT J MANAG FINANC, V13, P304, DOI 10.1108/IJMF-10-2016-0191
  • [5] The effect of ownership structure on dividend policy: evidence from Turkey
    Al-Najjar, Basil
    Kilincarslan, Erhan
    [J]. CORPORATE GOVERNANCE-THE INTERNATIONAL JOURNAL OF BUSINESS IN SOCIETY, 2016, 16 (01): : 135 - 161
  • [6] Alakavuklar O.N., 2009, J STRATEGIC MANAGEME, V9, P103
  • [7] Navigating the multiple meanings of β diversity: a roadmap for the practicing ecologist
    Anderson, Marti J.
    Crist, Thomas O.
    Chase, Jonathan M.
    Vellend, Mark
    Inouye, Brian D.
    Freestone, Amy L.
    Sanders, Nathan J.
    Cornell, Howard V.
    Comita, Liza S.
    Davies, Kendi F.
    Harrison, Susan P.
    Kraft, Nathan J. B.
    Stegen, James C.
    Swenson, Nathan G.
    [J]. ECOLOGY LETTERS, 2011, 14 (01) : 19 - 28
  • [8] Ararat M., 2010, The impact of board diversity on boards' monitoring intensity and firm performance: evidence from the Istanbul Stock Exchange, DOI [10.2139/ssrn.1572283, DOI 10.2139/SSRN.1572283]
  • [9] Ararat M., 2020, EMERG MARK REV, V45, P1, DOI [10.2139/ssrn.3554745, DOI 10.2139/SSRN.3554745]
  • [10] How Board Diversity Affects Firm Performance in Emerging Markets: Evidence on Channels in Controlled Firms
    Ararat, Melsa
    Aksu, Mine
    Cetin, Ayse Tansel
    [J]. CORPORATE GOVERNANCE-AN INTERNATIONAL REVIEW, 2015, 23 (02) : 83 - 103
12345678910