Board gender diversity, quotas, and ESG disclosure: Global evidence

No Thumbnail Available
File version
Author(s)
Alkhawaja, A
Hu, F
Johl, S
Nadarajah, S
Griffith University Author(s)
Primary Supervisor
Other Supervisors
Editor(s)
Date
2023
Size
File type(s)
Location
License
Abstract

This study examines the impact of gender-diverse boards and the staggered initiation of gender quotas around the world on environmental, social, and governance (ESG) disclosure. Using a sample of 48 countries from 2005 to 2019, we show a significantly positive relationship between gender-diverse boards and ESG disclosure. This positive effect of gender diversity becomes stronger in countries with weaker stakeholder regimes and information environments, suggesting that those countries can obtain greater benefits by appointing more female directors. Further, using a staggered difference-in-differences design, we document a significant increase in ESG disclosure following the enactment of gender quotas. Overall, our findings demonstrate why gender-diverse boards for corporate social actions are relevant in an international setting.

Journal Title

International Review of Financial Analysis

Conference Title
Book Title
Edition
Volume

90

Issue
Thesis Type
Degree Program
School
Publisher link
Patent number
Funder(s)
Grant identifier(s)
Rights Statement
Rights Statement
Item Access Status
Note
Access the data
Related item(s)
Subject

Accounting, auditing and accountability

Banking, finance and investment

Applied economics

Persistent link to this record
Citation

Alkhawaja, A; Hu, F; Johl, S; Nadarajah, S, Board gender diversity, quotas, and ESG disclosure: Global evidence, International Review of Financial Analysis, 2023, 90, pp. 102823

Collections