Board gender diversity and firms' social engagement in the Gulf Cooperation Council (GCC) countries

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dc.contributor.author Jizi, Mohammad
dc.contributor.author Nehme, Rabih
dc.contributor.author Melhem, Cynthia
dc.date.accessioned 2021-11-30T13:57:26Z
dc.date.available 2021-11-30T13:57:26Z
dc.date.copyright 2021 en_US
dc.date.issued 2021-11-30
dc.identifier.issn 2040-7149 en_US
dc.identifier.uri http://hdl.handle.net/10725/13145
dc.description.abstract Purpose The Gulf Cooperation Council (GCC) countries form a unique socioeconomic environment that makes the conclusions of the prior literature not likely to be applicable. GCC countries have huge oil reserves, yet they are aiming at reducing oil dependency through enhancing transparency, increasing foreign direct investments and reforming their governance structure. Their firms are mainly family owned and have low female representation in leadership positions. The study seeks to fill a literature gap by providing a business case supporting the call for gender diverse boards for better governance. Design/methodology/approach The study examines a sample of GCC-listed firms for the years 2009–2018. Three measures are used to proxy for firm social engagement, namely, CSR strategy score, environmental, social and governance (ESG) disclosure score and social pillar score. To ensure whether the presence of women on board or the number of women on board is influential on social engagements, the authors use the existence of women on board and the percentage of women on board variables. Data are collected using Thomson Reuters, and generalized least squares (GLS) panel data regression is used to estimate relationships. Findings The authors find that female representation on GCC corporate boards is increasing, yet in a slow path. The reported results support the role of women on boards in prompting firms' social agenda and enhancing the level of sustainability reporting. The results also show that female board representation supports the implementation of climate change policy, business ethics policy and health and safety policy. Originality/value The paper evidence the add value of women participation on GCC corporate boards in enhancing boards' functionality and governance. The empirical findings encourage firms and policymakers in the GCC countries to increase the share of females on corporate boards to improve firms' citizenship and facilitate attracting foreign investors. en_US
dc.language.iso en en_US
dc.title Board gender diversity and firms' social engagement in the Gulf Cooperation Council (GCC) countries en_US
dc.type Article en_US
dc.description.version Published en_US
dc.author.school SOB en_US
dc.author.idnumber 200201121 en_US
dc.author.department Finance And Accounting en_US
dc.relation.journal Equality, Diversity and Inclusion en_US
dc.keywords Board gender diversity en_US
dc.keywords Corporate social responsibilty en_US
dc.keywords GCC countries en_US
dc.identifier.doi https://doi.org/10.1108/EDI-02-2021-0041 en_US
dc.identifier.ctation Jizi, M., Nehme, R., & Melhem, C. (2021). Board gender diversity and firms' social engagement in the Gulf Cooperation Council (GCC) countries. Equality, Diversity and Inclusion: An International Journal. en_US
dc.author.email mohammad.jizi@lau.edu.lb en_US
dc.identifier.tou http://libraries.lau.edu.lb/research/laur/terms-of-use/articles.php en_US
dc.identifier.url https://www.emerald.com/insight/content/doi/10.1108/EDI-02-2021-0041/full/html?utm_source=rss&utm_medium=feed&utm_campaign=rss_journalLatest en_US
dc.orcid.id https://orcid.org/0000-0002-1911-8215 en_US
dc.author.affiliation Lebanese American University en_US

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