The Impact of Country Characteristics on Board Gender Diversity and Sustainability Performance: A Global Perspective

Terri Trireksani; Geri Hadrian; Muhammad Kamran; Pakeezah Butt

doi:10.3390/su16073057

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The Impact of Country Characteristics on Board Gender Diversity and Sustainability Performance: A Global Perspective

Journal article

Open access

Peer reviewed

The Impact of Country Characteristics on Board Gender Diversity and Sustainability Performance: A Global Perspective

Terri Trireksani, Geri Hadrian, Muhammad Kamran and Pakeezah Butt

Sustainability (Basel, Switzerland), Vol.16(7), 3057

2024

DOI: https://doi.org/10.3390/su16073057

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Abstract

Boards of directors

Corporate governance

Economic conditions

Females

Gender

Hypotheses

Literature reviews

Political economy

Responsibilities

Society

Stakeholders

Stockholders

Sustainability

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 School
Geri Hadrian
Muhammad Kamran
Pakeezah Butt - Curtin University
Publication Details: Sustainability (Basel, Switzerland), Vol.16(7), 3057
Publisher: MDPI AG
Identifiers: 991005656565807891
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