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CC BY V4.0, Open Access
Journal article
The Impact of Country Characteristics on Board Gender Diversity and Sustainability Performance: A Global Perspective
Sustainability (Basel, Switzerland), Vol.16(7), 3057
2024
Abstract
This study assesses the role of country characteristics on the association between board gender diversity and sustainability performance. It evaluates the significance and relevance of country characteristics in capturing the contextual sensitivity of the relationship between board gender diversity and sustainability performance. Using a sample of 5087 firms from 50 countries, the study establishes that the presence of females on corporate boards enhances sustainability performance. However, the strength of this relationship is contingent on the characteristics of the country within which a firm operates. Specifically, the positive relationship between board gender diversity and sustainability performance is more pronounced in countries with higher cultural orientations on individualism, uncertainty avoidance, indulgence, and femininity. More substantial financial development, an application of civil law and legal systems and weaker economic conditions in a country also facilitate female directors in enhancing sustainability performance. The study provides deeper insights into how country factors interact with gender on the board factor in leading the sustainability performance of firms.
Details
- Title
- The Impact of Country Characteristics on Board Gender Diversity and Sustainability Performance: A Global Perspective
- Authors/Creators
- Terri Trireksani - Murdoch University, Murdoch Business SchoolGeri HadrianMuhammad KamranPakeezah Butt - Curtin University
- Publication Details
- Sustainability (Basel, Switzerland), Vol.16(7), 3057
- Publisher
- MDPI AG
- Identifiers
- 991005656565807891
- Copyright
- © 2024 by the authors.
- Murdoch Affiliation
- Murdoch Business School
- Language
- English
- Resource Type
- Journal article
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- Collaboration types
- Domestic collaboration
- Citation topics
- 6 Social Sciences
- 6.3 Management
- 6.3.385 Corporate Social Responsibility
- Web Of Science research areas
- Environmental Sciences
- Environmental Studies
- Green & Sustainable Science & Technology
- ESI research areas
- Environment/Ecology