On the road to sustainability: The role of board characteristics in driving ESG performance in Africa

IF 6.2 2区 经济学 Q1 ECONOMICS
Paolo Agnese , Francesca Romana Arduino , Emma Bruno , Gianfranco Antonio Vento
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引用次数: 0

Abstract

This paper investigates the relationship between board characteristics and environmental, social, and governance (ESG) performance by analyzing 109 firms listed in the African Stock Exchanges from 2016 to 2022. Our findings indicate that board independence, as well as board gender diversity and specific skills, are associated with higher levels of ESG performance. In contrast, larger boards tend to diminish ESG performance in Africa. We also found that the presence of a sustainability committee and a corporate governance committee contributes to driving positive ESG outcomes. This study provides relevant insights and yields significant implications for policymakers and companies, suggesting the need to increase sustainability concerns in their agendas to foster sustainable economic growth in Africa.

可持续发展之路:董事会特征在推动非洲环境、社会和公司治理绩效方面的作用
本文通过分析 2016 年至 2022 年在非洲证券交易所上市的 109 家公司,研究了董事会特征与环境、社会和治理(ESG)绩效之间的关系。我们的研究结果表明,董事会的独立性以及董事会的性别多样性和特定技能与更高水平的环境、社会和治理绩效相关。相反,在非洲,规模较大的董事会往往会降低企业的环境、社会和治理绩效。我们还发现,可持续发展委员会和公司治理委员会的存在有助于推动积极的环境、社会和公司治理成果。这项研究为政策制定者和公司提供了相关见解并产生了重要影响,表明有必要在他们的议程中增加对可持续发展的关注,以促进非洲的可持续经济增长。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
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来源期刊
Socio-economic Planning Sciences
Socio-economic Planning Sciences OPERATIONS RESEARCH & MANAGEMENT SCIENCE-
CiteScore
9.40
自引率
13.10%
发文量
294
审稿时长
58 days
期刊介绍: Studies directed toward the more effective utilization of existing resources, e.g. mathematical programming models of health care delivery systems with relevance to more effective program design; systems analysis of fire outbreaks and its relevance to the location of fire stations; statistical analysis of the efficiency of a developing country economy or industry. Studies relating to the interaction of various segments of society and technology, e.g. the effects of government health policies on the utilization and design of hospital facilities; the relationship between housing density and the demands on public transportation or other service facilities: patterns and implications of urban development and air or water pollution. Studies devoted to the anticipations of and response to future needs for social, health and other human services, e.g. the relationship between industrial growth and the development of educational resources in affected areas; investigation of future demands for material and child health resources in a developing country; design of effective recycling in an urban setting.
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