Task‐Based Board Diversity, Firm Performance, and the Mediating Role of Corporate Sustainability Practices

IF 12.5 1区管理学 Q1 BUSINESS

Business Strategy and The Environment Pub Date : 2025-05-07 DOI:10.1002/bse.4329

Um‐E‐Roman Fayyaz, Raja Nabeel‐Ud‐Din Jalal, Michelina Venditti, Gianluca Antonucci

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引用次数: 0

Abstract

Task‐based diversity among corporate board members, based on specific functional attributes and experiences (age, tenure, and experience) can impact the firm according to both resource‐based view and agency theory. Following this, we explore the relationship between task‐based board diversity and corporate firm performance, analyzing a sample of 73 nonfinancial European sustainable firms over the period 2016–2020. Our findings reveal that the task‐based board diversity has a negative impact on firm performance. Furthermore, results show that corporate sustainability practices mediate the relationship between task‐based board diversity and firm performance. This counterintuitive effect may arise because diverse functional attributes can lead to frictions or misalignments in board decisions, especially when integrating sustainability practices, which complicates the strategy consensus needed for effective governance. These findings provide a nuanced understanding of the relationship between task‐based board diversity, corporate performance, and sustainability practices. Also, it highlights the inherent complexity and potential tensions in balancing these critical factors.

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基于任务的董事会多样性、公司绩效和公司可持续发展实践的中介作用

根据资源基础观点和代理理论，公司董事会成员之间基于特定功能属性和经验（年龄、任期和经验）的基于任务的多样性会影响公司。在此之后，我们探讨了基于任务的董事会多样性与公司绩效之间的关系，分析了2016-2020年期间73家欧洲非金融可持续公司的样本。我们的研究结果表明，基于任务的董事会多样性对公司绩效有负面影响。此外，研究结果表明，公司可持续发展实践在任务型董事会多样性与公司绩效之间起到中介作用。这种违反直觉的效应可能会出现，因为不同的功能属性可能导致董事会决策中的摩擦或错位，特别是在整合可持续性实践时，这会使有效治理所需的战略共识复杂化。这些发现为基于任务的董事会多样性、公司绩效和可持续性实践之间的关系提供了细致的理解。此外，它还突出了平衡这些关键因素的内在复杂性和潜在紧张关系。

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

Business Strategy and The Environment Multiple-

CiteScore

22.50

自引率

19.40%

发文量

336

期刊介绍： Business Strategy and the Environment (BSE) is a leading academic journal focused on business strategies for improving the natural environment. It publishes peer-reviewed research on various topics such as systems and standards, environmental performance, disclosure, eco-innovation, corporate environmental management tools, organizations and management, supply chains, circular economy, governance, green finance, industry sectors, and responses to climate change and other contemporary environmental issues. The journal aims to provide original contributions that enhance the understanding of sustainability in business. Its target audience includes academics, practitioners, business managers, and consultants. However, BSE does not accept papers on corporate social responsibility (CSR), as this topic is covered by its sibling journal Corporate Social Responsibility and Environmental Management. The journal is indexed in several databases and collections such as ABI/INFORM Collection, Agricultural & Environmental Science Database, BIOBASE, Emerald Management Reviews, GeoArchive, Environment Index, GEOBASE, INSPEC, Technology Collection, and Web of Science.