Board gender diversity and firm performance: Unveiling the ESG effect

IF 3.3 2区社会学 Q2 ENVIRONMENTAL SCIENCES

Sustainable Futures Pub Date : 2025-02-17 DOI:10.1016/j.sftr.2025.100493

Muskan Sahu , Waleed M. Alahdal , Dharen Kumar Pandey , Saeed Rabea Baatwah , Mohammed Saleh Bajaher

引用次数: 0

Abstract

This study uses a sample of 122 non-financial listed companies in Malaysia from 2016 to 2023 to examine the relationship between board gender diversity (BG) and firm performance (FP), with a focus on the moderating role of Environmental, Social, and Governance (ESG) performance. Using generalized least squares (GLS) estimation, the findings indicate that greater representation of women on corporate boards positively influences firm performance, leading to enhanced FP. Furthermore, ESG performance positively impacts return on equity (ROE) and Tobin's Q. Importantly, ESG performance moderates the relationship between BG and FP, particularly in the context of ROE. The study offers both theoretical and practical insights. It underscores the critical role of fostering transparency in ESG practices and enhancing gender diversity at the board level. These efforts drive better FP and contribute to long-term corporate sustainability.

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董事会性别多样性与公司绩效：揭示ESG效应

本研究以2016年至2023年马来西亚122家非金融上市公司为样本，研究董事会性别多样性（BG）与公司绩效（FP）之间的关系，重点关注环境、社会和治理（ESG）绩效的调节作用。使用广义最小二乘（GLS）估计，研究结果表明，女性在公司董事会中的更多代表性对公司绩效产生积极影响，从而导致FP的增强。此外，ESG绩效正向影响净资产收益率（ROE）和托宾系数（Tobin’s q）。重要的是，ESG绩效调节了BG和FP之间的关系，尤其是在ROE的背景下。该研究提供了理论和实践的见解。报告强调了提高ESG实践透明度和加强董事会性别多样性的关键作用。这些努力推动了更好的计划生育，并有助于企业的长期可持续性。

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

Sustainable Futures Social Sciences-Sociology and Political Science

CiteScore

9.30

自引率

1.80%

发文量

审稿时长

71 days

期刊介绍： Sustainable Futures: is a journal focused on the intersection of sustainability, environment and technology from various disciplines in social sciences, and their larger implications for corporation, government, education institutions, regions and society both at present and in the future. It provides an advanced platform for studies related to sustainability and sustainable development in society, economics, environment, and culture. The scope of the journal is broad and encourages interdisciplinary research, as well as welcoming theoretical and practical research from all methodological approaches.