Board gender diversity and environmental performance: An industries perspective
This study investigates whether gender diversity on the board of directors in the United States is associated with firms' environmental performance. Under the theoretical framework of resource dependence theory, we argue that gender diversity brings a greater variety of skills to the board. Div...
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| Published in | Business strategy and the environment Vol. 28; no. 7; pp. 1449 - 1464 |
|---|---|
| Main Authors | , |
| Format | Journal Article |
| Language | English |
| Published |
Chichester
Wiley Periodicals Inc
01.11.2019
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| Subjects | |
| Online Access | Get full text |
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| Abstract | This study investigates whether gender diversity on the board of directors in the United States is associated with firms' environmental performance. Under the theoretical framework of resource dependence theory, we argue that gender diversity brings a greater variety of skills to the board. Diversity allows for a healthy mix of knowledge and experience to improve the decision‐making process of the board. Using propensity score matching and controlling for endogeneity, this study uses a more rigorous statistical model than previous work. It also uses content analysis of directors' biographies to provide evidence of the role that gender diversity plays. We find gender diversity is positively associated with firms' environmental performance scores primarily in the more environmentally impacting industries. Therefore, our research provides valuable direction for those firms working to improve both their boards' gender diversity and their environmental performance. Our findings also offer insight into the mixed results of previous studies. |
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| AbstractList | This study investigates whether gender diversity on the board of directors in the United States is associated with firms' environmental performance. Under the theoretical framework of resource dependence theory, we argue that gender diversity brings a greater variety of skills to the board. Diversity allows for a healthy mix of knowledge and experience to improve the decision‐making process of the board. Using propensity score matching and controlling for endogeneity, this study uses a more rigorous statistical model than previous work. It also uses content analysis of directors' biographies to provide evidence of the role that gender diversity plays. We find gender diversity is positively associated with firms' environmental performance scores primarily in the more environmentally impacting industries. Therefore, our research provides valuable direction for those firms working to improve both their boards' gender diversity and their environmental performance. Our findings also offer insight into the mixed results of previous studies. |
| Author | Lu, Jing Herremans, Irene M. |
| Author_xml | – sequence: 1 givenname: Jing orcidid: 0000-0003-2083-3918 surname: Lu fullname: Lu, Jing email: jlu11@uoguelph.ca organization: University of Guelph – sequence: 2 givenname: Irene M. surname: Herremans fullname: Herremans, Irene M. organization: University of Calgary |
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| Publisher | Wiley Periodicals Inc |
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| SubjectTerms | Biographies boards of directors Companies Content analysis Decision making Dependence endogeneity Environmental impact Environmental management Environmental performance Gender gender diversity Mathematical models Propensity resource dependence Statistical models United States |
| Title | Board gender diversity and environmental performance: An industries perspective |
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