Research Article
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Year 2024, , 27 - 34, 02.06.2024

Burçin Çelik

https://doi.org/10.17261/Pressacademia.2024.1894

Abstract

References

  • Adams, R. B., de Haan, J., Terjesen, S., & van Ees, H. (2015). Board diversity: moving the field forward. Corporate Governance - An International Review, 23(2), 77-82. https://doi.org/10.1111/corg.12106
  • Birindelli, G., Dell'Atti, S., Iannuzzi, A., & Savioli, M. (2018). Composition and activity of the Board of Directors: impact on ESG performance in the banking system. Sustainability, 10(12), 7-20. https://doi.org/10.3390/su10124699
  • Bloomberg (2024). Environmental, social, and governance product, Available at: https://data.bloomberglp.com/professional/sites/10/1148330431.pdf Accessed: 03.01.2024
  • Burgess, Z., & Tharenou, P. (2002). Women board directors: Characteristics of the few. Journal of Business Ethics 37, 39-49. https://doi.org/10.1023/A:1014726001155
  • Campbell, K., Mínguez-Vera, A. (2008). Gender diversity in the boardroom and firm financial performance. J Bus Ethics 83, 435–451. https://doi.org/10.1007/s10551-007-9630-y
  • Carlson, R. (1972). Understanding women: Implications for personality theory and research. Journal of Social Issues, 28(2), 17–32. https://doi.org/10.1111/j.1540-4560.1972.tb00015.x
  • Cucari, N., De Falco, S. E., & Orlando, B. (2018). Diversity of Board of Directors and environmental social governance: evidence from Italian listed companies. Corporate Social Responsibility and Environmental Management, 25, 250-266. https://doi.org/10.1002/csr.1452
  • Dhenge, S. A., Ghadge, S.N., Ahire, M. C., Gorantiwar, S. D. & Shinde, M. G. (2022). Gender attitude towards environmental protection: a comparative survey during COVID-19 lockdown situation. Environmental, Development and Sustainability, 24, 13841-13886. https://doi.org/10.1007/s10668-021-02015-6
  • Eagly, A. H., Johannesen-Schmidt, M. C., & Van Engen, M. L. (2003). Transformational, transactional and laissez-faire leadership styles: a meta-analysis comparing women and men. Psychological Bulletin, 129(4), 569-591. https://doi.org/10.1037/0033-2909.129.4.569
  • Erhardt, N. L., Werbel, J. D., & Shrader, C. B. (2003). Board of director diversity and firm financial performance. Corporate Governance: An International Review, 11(2), 102–111. https://doi.org/10.1111/1467-8683.00011
  • Gürol, B. & Lagasio, V. (2023). Women board members’ impact on ESG disclosure with environment and social dimensions: evidence from the European banking sector. Social Responsibility Journal, 19(1), 211-228. https://doi.org/10.1108/SRJ-08-2020-0308
  • Harjoto, M., Laksmana, I. & Lee, R. (2015). Board Diversity and Corporate Social Responsibility. J Bus Ethics 132, 641–660. https://doi.org/10.1007/s10551-014-2343-0
  • Hillman, A.J., Cannella, A.A. & Paetzold, R.L. (2000). The resource dependence role of corporate directors: strategic adaptation of board composition in response to environmental change. Journal of Management Studies, 37, 235-256. https://doi.org/10.1111/1467-6486.00179
  • Nadeem M, Bahadar S, Gull AA, Iqbal U. (2020). Are women eco-friendly? Board gender diversity and environmental innovation. Bus Strat Env., 29: 3146–3161. https://doi.org/10.1002/bse.2563
  • Nadeem, M., Suleman, T., & Ahmed, A. (2019). Women on boards, firm risk and the profitability nexus: Does gender diversity moderate the risk and return relationship? International Review of Economics and Finance, 64, 427–442. https://doi.org/10.1016/j.iref.2019.08.007
  • Nguyen, T., Locke, S., & Reddy, K. (2015). Does boardroom gender diversity matter? Evidence from a transitional economy. International Review of Economics & Finance, 37, 184-202. https://doi.org/10.1016/j.iref.2014.11.022
  • Nowell, C., & Tinkler, S. (1994). The influence of gender on the provision of a public good. Journal of Economic Behaviour and Organisation, 25, 25–36.
  • Özparlak, G., Gürol, B. (2023). The role of diversity on the environmental performance and transparency. Environ Dev Sustain. https://doi.org/10.1007/s10668-023-04193-x
  • Özparlak, G. (2022). Finans 4.0., ISBN: 978-625-433-642-3, Ankara: Nobel Publishing.
  • Reguera-Alvarado, N., de Fuentes, P., & Laffarga, J. (2017). Does board gender diversity influence financial performance? Evidence from Spain. Journal of Business Ethics, 141(2), 337–350. https://doi.org/10.1007/s10551-015-2735-9
  • Wellalage, N.H., Locke, S. (2013). Women on board, firm financial performance and agency costs. Asian J Bus Ethics 2, 113–127. https://doi.org/10.1007/s13520-012-0020-x
  • Wilson, N., & Altanlar, A. (2009). Director characteristics, gender balance and insolvency risk: an empirical study. Retrieved from http://ssrn.com/abstract=1414224

THE IMPACT OF BOARD GENDER DIVERSITY ON ENVIRONMENTAL SUSTAINABILITY

Year 2024, , 27 - 34, 02.06.2024

Burçin Çelik

https://doi.org/10.17261/Pressacademia.2024.1894

Abstract

Purpose- The Board of Diversity helps companies make more democratic and correct management decisions. The contributions of gender diversity to the financial and non-financial activities of companies are significant. This research was conducted to show the positive contribution of women executives to the environment.
Methodology- The study sample includes 108 American companies in the S&P500 index. The study was organized with panel data of USA companies between 2008 and 2021. OLS regression method was used to analyse the results.
Findings- According to the results of the analyses, the environmental impact of women on the company board is positive and significant.
Conclusion- This study figures out that women executives have higher sensitivity and responsibility towards the environment than men. According to these results, it is essential both in terms of dealing with global warming and in terms of achieving the UN's 2030 targets

Keywords

Sustainability board diversity gender diversity environment woman on board ESG

References

  • Adams, R. B., de Haan, J., Terjesen, S., & van Ees, H. (2015). Board diversity: moving the field forward. Corporate Governance - An International Review, 23(2), 77-82. https://doi.org/10.1111/corg.12106
  • Birindelli, G., Dell'Atti, S., Iannuzzi, A., & Savioli, M. (2018). Composition and activity of the Board of Directors: impact on ESG performance in the banking system. Sustainability, 10(12), 7-20. https://doi.org/10.3390/su10124699
  • Bloomberg (2024). Environmental, social, and governance product, Available at: https://data.bloomberglp.com/professional/sites/10/1148330431.pdf Accessed: 03.01.2024
  • Burgess, Z., & Tharenou, P. (2002). Women board directors: Characteristics of the few. Journal of Business Ethics 37, 39-49. https://doi.org/10.1023/A:1014726001155
  • Campbell, K., Mínguez-Vera, A. (2008). Gender diversity in the boardroom and firm financial performance. J Bus Ethics 83, 435–451. https://doi.org/10.1007/s10551-007-9630-y
  • Carlson, R. (1972). Understanding women: Implications for personality theory and research. Journal of Social Issues, 28(2), 17–32. https://doi.org/10.1111/j.1540-4560.1972.tb00015.x
  • Cucari, N., De Falco, S. E., & Orlando, B. (2018). Diversity of Board of Directors and environmental social governance: evidence from Italian listed companies. Corporate Social Responsibility and Environmental Management, 25, 250-266. https://doi.org/10.1002/csr.1452
  • Dhenge, S. A., Ghadge, S.N., Ahire, M. C., Gorantiwar, S. D. & Shinde, M. G. (2022). Gender attitude towards environmental protection: a comparative survey during COVID-19 lockdown situation. Environmental, Development and Sustainability, 24, 13841-13886. https://doi.org/10.1007/s10668-021-02015-6
  • Eagly, A. H., Johannesen-Schmidt, M. C., & Van Engen, M. L. (2003). Transformational, transactional and laissez-faire leadership styles: a meta-analysis comparing women and men. Psychological Bulletin, 129(4), 569-591. https://doi.org/10.1037/0033-2909.129.4.569
  • Erhardt, N. L., Werbel, J. D., & Shrader, C. B. (2003). Board of director diversity and firm financial performance. Corporate Governance: An International Review, 11(2), 102–111. https://doi.org/10.1111/1467-8683.00011
  • Gürol, B. & Lagasio, V. (2023). Women board members’ impact on ESG disclosure with environment and social dimensions: evidence from the European banking sector. Social Responsibility Journal, 19(1), 211-228. https://doi.org/10.1108/SRJ-08-2020-0308
  • Harjoto, M., Laksmana, I. & Lee, R. (2015). Board Diversity and Corporate Social Responsibility. J Bus Ethics 132, 641–660. https://doi.org/10.1007/s10551-014-2343-0
  • Hillman, A.J., Cannella, A.A. & Paetzold, R.L. (2000). The resource dependence role of corporate directors: strategic adaptation of board composition in response to environmental change. Journal of Management Studies, 37, 235-256. https://doi.org/10.1111/1467-6486.00179
  • Nadeem M, Bahadar S, Gull AA, Iqbal U. (2020). Are women eco-friendly? Board gender diversity and environmental innovation. Bus Strat Env., 29: 3146–3161. https://doi.org/10.1002/bse.2563
  • Nadeem, M., Suleman, T., & Ahmed, A. (2019). Women on boards, firm risk and the profitability nexus: Does gender diversity moderate the risk and return relationship? International Review of Economics and Finance, 64, 427–442. https://doi.org/10.1016/j.iref.2019.08.007
  • Nguyen, T., Locke, S., & Reddy, K. (2015). Does boardroom gender diversity matter? Evidence from a transitional economy. International Review of Economics & Finance, 37, 184-202. https://doi.org/10.1016/j.iref.2014.11.022
  • Nowell, C., & Tinkler, S. (1994). The influence of gender on the provision of a public good. Journal of Economic Behaviour and Organisation, 25, 25–36.
  • Özparlak, G., Gürol, B. (2023). The role of diversity on the environmental performance and transparency. Environ Dev Sustain. https://doi.org/10.1007/s10668-023-04193-x
  • Özparlak, G. (2022). Finans 4.0., ISBN: 978-625-433-642-3, Ankara: Nobel Publishing.
  • Reguera-Alvarado, N., de Fuentes, P., & Laffarga, J. (2017). Does board gender diversity influence financial performance? Evidence from Spain. Journal of Business Ethics, 141(2), 337–350. https://doi.org/10.1007/s10551-015-2735-9
  • Wellalage, N.H., Locke, S. (2013). Women on board, firm financial performance and agency costs. Asian J Bus Ethics 2, 113–127. https://doi.org/10.1007/s13520-012-0020-x
  • Wilson, N., & Altanlar, A. (2009). Director characteristics, gender balance and insolvency risk: an empirical study. Retrieved from http://ssrn.com/abstract=1414224
There are 22 citations in total.

Details

Primary Language English
Subjects Finance, Finance and Investment (Other), Business Administration, Business Systems in Context (Other)
Journal Section Articles
Authors

Burçin Çelik 0009-0009-3396-8572

Publication Date June 2, 2024
Submission Date January 24, 2024
Acceptance Date May 11, 2024
Published in Issue Year 2024

Cite

APA Çelik, B. (2024). THE IMPACT OF BOARD GENDER DIVERSITY ON ENVIRONMENTAL SUSTAINABILITY. Journal of Economics Finance and Accounting, 11(1), 27-34. https://doi.org/10.17261/Pressacademia.2024.1894

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