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Boardroom gender diversity and corporate environmental performance: a multi-theoretical perspective in the MENA region

Ayman Issa (Department of Accounting, Dongbei University of Finance and Economics, Dalian, China)
Mohammad A.A. Zaid (Department of Accounting, Dongbei University of Finance and Economics, Dalian, China)

International Journal of Accounting & Information Management

ISSN: 1834-7649

Article publication date: 6 October 2021

Issue publication date: 18 October 2021

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Abstract

Purpose

Drawing on the multi-theoretical perspective, the primary purpose of this paper is to empirically investigate the inextricably entwined nexus between board gender diversity and corporate environmental performance within cross-country context.

Design/methodology/approach

Multiple regression analysis on a cross-country panel data analysis was used. Further, the authors applied static panel data estimator ordinary least squares (OLS) as a baseline model with different proxies of gender diversity. In addition, to control for the potential endogeneity problem and providing robust findings, the authors run two-stage least squares (2SLS) and lagged independent variables.

Findings

The findings clearly unveiled that corporate environmental performance is positively and significantly affected by the level of gender diversity on board. This inextricable and intimate nexus is vastly attributed to the argument that female directors show greater concerns for eco-friendly activities.

Practical implications

The findings of this study provide useful and fruitful insights for regulatory parties and policymakers to mandate gender quota in electing boardroom members to ameliorate corporate environmental performance.

Originality/value

To the best of the authors’ knowledge, most of the prior studies have not yet provided a multi-theoretical analysis of the effect of board gender diversity on environmental performance. Thereby, this study handled this contemporary gap and went beyond the narrow perspectives by diving deep with cross-country analysis.

Keywords

Acknowledgements

The authors would like to express their sincere appreciation to the editors “Prof. Maggie Liu and Dr Xin Luo”, and three anonymous reviewers for their valuable and constructive comments.

Authors have equally contributed in this research paper and should be treated as a joint first author.

Declaration of competing interest: The authors declare that they have no conflict of interest.

Citation

Issa, A. and Zaid, M.A.A. (2021), "Boardroom gender diversity and corporate environmental performance: a multi-theoretical perspective in the MENA region", International Journal of Accounting & Information Management, Vol. 29 No. 4, pp. 603-630. https://doi.org/10.1108/IJAIM-05-2021-0101

Publisher

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Emerald Publishing Limited

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