Women on boards, sustainability reporting and firm performance

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dc.contributor.author Arayssi, Mahmoud
dc.contributor.author Dah, Mustafa
dc.contributor.author Jizi, Mohammad
dc.date.accessioned 2016-11-16T08:16:50Z
dc.date.available 2016-11-16T08:16:50Z
dc.date.copyright 2016 en_US
dc.date.issued 2016-11-16
dc.identifier.issn 2040-8021 en_US
dc.identifier.uri http://hdl.handle.net/10725/4819 en_US
dc.description.abstract Purpose As pressures mount for women directors on corporate boards (WDOCBs) from different stakeholders, companies become more interested in finding out how WDOCBs impact sustainability disclosure. The purpose of this paper is to investigate the effect of gender-diverse boards on the association between sustainability reporting and shareholders’ welfare. Design/methodology/approach This paper examines the implications of women on board for firm-related factors, particularly environmental, social and governance (ESG) disclosure and firm performance. The firms studied are all listed in the Financial Times Stock Exchange 350 index between 2007 and 2012. Bloomberg social disclosure score is used and panel data through a regression model are applied. Findings The results reveal that the presence of WDOCBs favorably influences on firm’s risk and performance through promoting a firm’s investment in effectual social engagements and reporting on them. The desirable effect of WDOCB on the ESG-performance relationship leads to increased risk-adjusted and buy-and-hold abnormal returns and reduced firm risks, measured by both volatility of returns and systematic risk. Originality/value The research contributes to the literature on the relationship between women participation on corporate boards and firms’ good citizenship and enhanced shareholders’ welfare. The empirical findings contribute to providing statistical and economical validity to the UK Corporate Governance Code 2014 recommendation on the importance of board gender diversity for effective board functioning. en_US
dc.language.iso en en_US
dc.title Women on boards, sustainability reporting and firm performance en_US
dc.type Article en_US
dc.description.version Published en_US
dc.author.school SOB en_US
dc.author.idnumber 199629330 en_US
dc.author.idnumber 200104725 en_US
dc.author.idnumber 200201121 en_US
dc.author.department Department of Finance and Accounting (FINA) en_US
dc.description.embargo N/A en_US
dc.relation.journal Sustainability Accounting, Management and Policy Journal en_US
dc.article.pages 376-401 en_US
dc.identifier.doi http://dx.doi.org/10.1108/SAMPJ-07-2015-0055 en_US
dc.identifier.ctation Arayssi, M., Dah, M., & Jizi, M. (2016). Women on boards, sustainability reporting and firm performance. Sustainability Accounting, Management and Policy Journal, 7(3), 376-401. en_US
dc.author.email mahmoud.araissi@lau.edu.lb en_US
dc.author.email mustafa.dah@lau.edu.lb 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/SAMPJ-07-2015-0055/full/html en_US
dc.orcid.id https://orcid.org/0000-0002-1816-8835
dc.orcid.id https://orcid.org/0000-0003-3193-508X 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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