Killing two birds with one stone: gender diversity, information disclosures and financial distress

IF 2.9 Q2 MANAGEMENT
Kuldeep Singh, Akshita Arora
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引用次数: 0

Abstract

Purpose

The escalating instances of financial distress (FD) in corporate houses across the globe, call for immediate attention from policymakers, practitioners and academics equally. This study aims to examine how board gender diversity (GD) and information disclosures (ID) interact with each other to drive FD.

Design/methodology/approach

The authors apply dynamic panel data analysis on a sample of 255 Indian-listed firms from 2016 to 2023 to arrive at the econometric results.

Findings

The main findings indicate that while ID exacerbates distress, GD reduces it. In addition, GD also interacts with ID to curtail the adverse effects of disclosures on FD. Therefore, GD acts like a stone that kills two birds simultaneously, first by reducing the distress directly and second by limiting the negative effects of disclosures on distress.

Originality/value

This study extends the understanding of the implications of GD and complements existing research by investigating its direct and indirect impact on FD. It builds on the analysis to propose that GD can foster resilience against adverse FD situations. The findings should apply to other emerging nations after careful consideration of country-specific factors.

一石二鸟:性别多样性、信息披露和财务困境
目的全球各地公司的财务困境(FD)不断升级,需要政策制定者、从业人员和学术界立即给予同等关注。本研究旨在探讨董事会性别多样性(GD)和信息披露(ID)如何相互影响,从而推动财务困境的发生。作者对 2016 年至 2023 年期间 255 家印度上市公司的样本进行了动态面板数据分析,得出了计量经济学结果。此外,GD 还与 ID 相互影响,抑制了信息披露对 FD 的不利影响。因此,GD 就像一块同时杀死两只鸟的石头,首先直接减少了困扰,其次限制了披露对困扰的负面影响。 原创性/价值 本研究通过调查 GD 对 FD 的直接和间接影响,扩展了对 GD 意义的理解,并补充了现有研究。它在分析的基础上提出,GD 可以增强抵御不利外债情况的能力。在仔细考虑各国的具体因素后,研究结果应适用于其他新兴国家。
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
CiteScore
7.30
自引率
6.20%
发文量
65
期刊介绍: The Social Responsibility Journal, the official journal of the Social Responsibility Research Network, is interdisciplinary in its scope and encourages submissions from any discipline or any part of the world which addresses any element of the journal''s aims. The journal encompasses the full range of theoretical, methodological and substantive debates in the area of social responsibility. Contributions which address the link between different disciplines and / or implications for societal, organisational or individual behavior are especially encouraged. The journal publishes theoretical and empirical papers, speculative essays and review articles. The journal also publishes special themed issues under the guidance of a guest editor. Coverage: Accountability and accounting- Issues concerning sustainability- Economy and finance- Governance- Stakeholder interactions- Ecology and environment- Corporate activity and behaviour- Ethics and morality- Governmental and trans-governmental regulation- Globalisation and disintermediation- Individuals and corporate citizenship- Transparency and disclosure- Consumption and its consequences- Corporate and other forms of organization
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