Do firms with environmental, social and governance reputational risk take into account board gender diversity? An analysis on a global scale
This research paper studies whether a firm’s environmental, social and governance reputational risk influences board gender diversity. Besides, we are also interested in the moderating role of gender equality and country development level towards the relationship between reputational risk and boa...
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| Định dạng: | Research Paper |
| Ngôn ngữ: | English |
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University of Economics Ho Chi Minh City
2024
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| Truy cập trực tuyến: | https://digital.lib.ueh.edu.vn/handle/UEH/71144 |
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oai:localhost:UEH-711442024-06-26T01:21:27Z Do firms with environmental, social and governance reputational risk take into account board gender diversity? An analysis on a global scale Phan Nguyễn Minh Thư Lê Anh Tuấn Quyền Nguyễn Khánh Hà Trần Mai Minh Anh Nguyễn Ngọc Yến Chi Trần Phương Như ESG reputation risk Board gender diversity Gender equality Developed countries Developing countries This research paper studies whether a firm’s environmental, social and governance reputational risk influences board gender diversity. Besides, we are also interested in the moderating role of gender equality and country development level towards the relationship between reputational risk and board gender diversity. Using a comprehensive sample of 42,982 observations of 5,873 unique firms in 52 countries between 2007 and 2019, we document that companies with high levels of ESG reputational risk tend to add more women directors to resolve these problems. Furthermore, the empirical results point out that compared to other countries, the positive relationship of ESG reputational risk and board gender diversity is more pronounced for countries with a higher degree of gender equality or developed countries. Our findings are robust after using alternative measures of variable and even addressing endogeneity caveats by employing two-stage systems generalized method of moments estimation and instrumental variable approach. Overall, our study is the first to link ESG reputational risk via media channels to board gender diversity. 2024-06-14T03:34:35Z 2024-06-14T03:34:35Z 2023 Research Paper https://digital.lib.ueh.edu.vn/handle/UEH/71144 en Giải thưởng Nhà nghiên cứu trẻ UEH 2023 reserved 51 p. University of Economics Ho Chi Minh City |
| institution |
Đại học Kinh tế Thành phố Hồ Chí Minh |
| collection |
DSpaceUEH |
| language |
English |
| topic |
ESG reputation risk Board gender diversity Gender equality Developed countries Developing countries |
| spellingShingle |
ESG reputation risk Board gender diversity Gender equality Developed countries Developing countries Phan Nguyễn Minh Thư Do firms with environmental, social and governance reputational risk take into account board gender diversity? An analysis on a global scale |
| description |
This research paper studies whether a firm’s environmental, social and governance
reputational risk influences board gender diversity. Besides, we are also interested in the
moderating role of gender equality and country development level towards the
relationship between reputational risk and board gender diversity. Using a comprehensive
sample of 42,982 observations of 5,873 unique firms in 52 countries between 2007 and
2019, we document that companies with high levels of ESG reputational risk tend to add
more women directors to resolve these problems. Furthermore, the empirical results point
out that compared to other countries, the positive relationship of ESG reputational risk
and board gender diversity is more pronounced for countries with a higher degree of
gender equality or developed countries. Our findings are robust after using alternative
measures of variable and even addressing endogeneity caveats by employing two-stage
systems generalized method of moments estimation and instrumental variable approach.
Overall, our study is the first to link ESG reputational risk via media channels to board
gender diversity. |
| author2 |
Lê Anh Tuấn |
| author_facet |
Lê Anh Tuấn Phan Nguyễn Minh Thư |
| format |
Research Paper |
| author |
Phan Nguyễn Minh Thư |
| author_sort |
Phan Nguyễn Minh Thư |
| title |
Do firms with environmental, social and governance reputational risk take into account board gender diversity? An analysis on a global scale |
| title_short |
Do firms with environmental, social and governance reputational risk take into account board gender diversity? An analysis on a global scale |
| title_full |
Do firms with environmental, social and governance reputational risk take into account board gender diversity? An analysis on a global scale |
| title_fullStr |
Do firms with environmental, social and governance reputational risk take into account board gender diversity? An analysis on a global scale |
| title_full_unstemmed |
Do firms with environmental, social and governance reputational risk take into account board gender diversity? An analysis on a global scale |
| title_sort |
do firms with environmental, social and governance reputational risk take into account board gender diversity? an analysis on a global scale |
| publisher |
University of Economics Ho Chi Minh City |
| publishDate |
2024 |
| url |
https://digital.lib.ueh.edu.vn/handle/UEH/71144 |
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AT phannguyenminhthu dofirmswithenvironmentalsocialandgovernancereputationalrisktakeintoaccountboardgenderdiversityananalysisonaglobalscale |
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