Do Women Directors Drive Firm's Climate Risk Disclosure? An International Evidence

IF 13.3 1区管理学 Q1 BUSINESS

Business Strategy and The Environment Pub Date : 2025-08-30 DOI:10.1002/bse.70165

Ammar Ali Gull, Muhammad Atif, Asad Ali Rind

引用次数: 0

Abstract

The paper examines the role of women directors in climate risk disclosure using a comprehensive measure in an international setting. Grounded in stakeholder orientation, resource dependence, and legitimacy theories, the paper analyzes 26,289 firm‐year observations across 42 countries from 2002 to 2019 and documents that a higher proportion of women directors enhances climate risk disclosure, particularly women independent directors. Additionally, global gender quota reforms strengthen this relationship, and women directors and climate risk disclosure collectively contribute to improving firm performance. These results hold various robustness tests, including endogeneity assessments. This research contributes to the ongoing discourse on the business case for board gender diversity and provides valuable insights for regulators, investors, and policymakers.

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女性董事是否推动了公司的气候风险披露？国际证据

本文采用国际环境下的综合衡量标准，考察了女性董事在气候风险披露中的作用。本文以利益相关者导向、资源依赖和合法性理论为基础，分析了2002年至2019年42个国家26,289家公司的年度观察结果，并证明女性董事比例较高有助于提高气候风险披露，尤其是女性独立董事。此外，全球性别配额改革加强了这种关系，女性董事和气候风险披露共同有助于提高公司绩效。这些结果进行了各种稳健性测试，包括内生性评估。这项研究有助于对董事会性别多元化商业案例的持续讨论，并为监管机构、投资者和政策制定者提供有价值的见解。

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.