气候变化领域集成服务门户(CCPortal): Women on board and business performance

CCPortal

DOI	10.1108/FS-10-2023-0217
	Women on board and business performance
	Najaf, Rabia; Chin, Alice; Chin, Agnes; Najaf, Khakan; Thuraisingham, Jeyanthi
发表日期	2024
ISSN	1463-6689
EISSN	1465-9832
英文摘要	PurposeThis study aims to examine the association between women on board and business performance. It also aims to investigate the impact of corporate social responsibility (CSR) and female directors on stock prices, including the function of female directors in moderating the CSR-market performance link that ultimately provides valuable insights into the impact of gender diversity on corporate boards.Design/methodology/approachData from US publicly listed firms between 2000 and 2018 were collected and analysed using OLS regression, median regression, M-estimator regression and MM-estimator regression at 70% and 95% efficiency. In this study, firm market value was measured through Tobin's Q, board diversity with ISS database and CSR strength and concern with the KLD database.FindingsThe results indicated that CSR positively impacts market performance by 3.1%, female board representation positively influences market performance by 4.8% and female board members strengthen the CSR-market performance relationship by 1.0% while playing a moderating role. Overall, these studies demonstrated the significance of female boards of directors for enhancing market performance.Research limitations/implicationsThis study used the data of US-listed firms from 2000 to 2018. The results have contributed to the ongoing discussion about the importance of gender diversity in boards and its influence on firm success. Further research works are suggested to expand the analysis by including other countries or considering additional factors that may influence the association between CSR, board representation of women and market share.Practical implicationsThis study is essential for investors, legislators and CSR institutions in developed countries. The favourable impact of female board presence on market performance and the enhancement of the CSR-market performance relationship highlight the necessity of encouraging gender diversity on boards of directors and CSR activities.Social implicationsThis study emphasises the significance of gender balance on corporate boards in solving important social challenges including climate change, resource scarcity and gender equality. Companies can actively assist in addressing global issues and improving the well-being of stakeholders by promoting gender-diverse boards and encouraging CSR efforts.Originality/valueTo the best of the authors' knowledge, this study is the first study demonstrating that gender diversity on corporate boards moderates the significant association between CSR performance and profitability in the USA. It has contributed to the expanding body of information regarding the moderating influence of female directors on firm value and stronger evidence for female directors in the governance of businesses.
英文关键词	Female; Business; Governance; Market performance; M-estimator regression; MM-estimator regression
语种	英语
WOS研究方向	Public Administration
WOS类目	Regional & Urban Planning
WOS记录号	WOS:001219565100001
来源期刊	FORESIGHT
文献类型	期刊论文
条目标识符	http://gcip.llas.ac.cn/handle/2XKMVOVA/306120
作者单位	Monash University; Monash University Malaysia; Sunway University; Monash University; Monash University Malaysia
推荐引用方式 GB/T 7714	Najaf, Rabia,Chin, Alice,Chin, Agnes,et al. Women on board and business performance[J],2024.
APA	Najaf, Rabia,Chin, Alice,Chin, Agnes,Najaf, Khakan,&Thuraisingham, Jeyanthi.(2024).Women on board and business performance.FORESIGHT.
MLA	Najaf, Rabia,et al."Women on board and business performance".FORESIGHT (2024).