Search Results (106)

To address water sustainability challenges, this study investigates how public water concern influences corporate water responsibility (CWR) and how managerial green cognition moderates this relationship. Drawing on institutional theory and cognitive theory, we analyze a panel of 1292 publicly listed high-water-consuming firms in China from 2015 to 2024. The results show that public water concern significantly improves CWR by increasing legitimacy pressure, while its effect through government water governance attention is not statistically significant. Furthermore, managerial green cognition—including both economic and moral dimensions—positively moderates this relationship. Heterogeneity analysis reveals that the moderating effect is stronger in firms with more female directors, older executives, and internationally experienced teams. These findings contribute to refining institutional theory in the context of environmental responsibility and highlight the critical role of executive cognition and demographic structure in corporate sustainability behavior. Full article

An important element in the Constitution of the People’s Republic of China is the guarantee of gender equality in all fields. The principle is not reflected in terms of corporate governance and senior management, however. A study of the largest 400 companies listed on Chinese stock exchanges shows far fewer female board members and senior managers than male counterparts and only a small improvement over the course of a decade. A comparison of gender balances in terms of a range of variables, including stock exchange listing, industry type, and ownership type, reveals better balances in wholly privately owned firms than in those with controlling state interests. Subject to intervening government policies to promote state-owned enterprises over private sector counterparts, the pattern over the decade studied suggests there is a possibility privately owned enterprises may gradually displace state-owned companies in the largest 400 group and gender balances in senior roles in the largest 400 group will consequently improve. Full article

The primary objective of this study is to investigate the intricate relationship between different ownership structures, such as family, institutional, managerial, and foreign ownership, and tax avoidance practices. It also seeks to explore the moderating influence of female board members in shaping these relationships. This study utilizes balanced panel data from 72 industrial and service firms listed on the Amman Stock Exchange during the period of 2018 to 2023. The Generalized Method of Moments (GMM) was employed to estimate the results. The results indicate that family and foreign ownership positively influence tax avoidance practices, suggesting that families may engage in tax avoidance to benefit from rent extraction, while foreign investors may pressure managers to manipulate tax liabilities or shift profits across countries to minimize taxes. In contrast, the presence of female directors as well as institutional and managerial ownership is associated with a reduction in tax avoidance. Female directors play a moderating role in the relationship between ownership structure and tax avoidance. Their presence in interaction with institutional ownership reduces tax avoidance by focusing on tax compliance strategies. However, this effect changes in family and foreign-owned firms, where control over decision-making lies with the families or foreign shareholders, limiting the impact of female directors in promoting compliance and aligning their role with the tax avoidance strategies preferred by the controlling owners. Full article

This study highlights the pivotal role of women in corporate governance and their potential influence on achieving sustainable goals, particularly in the context of emerging countries. Using the two-step System-Generalized Method of Moments (GMM) with the dynamic short panel data of 351 nonfinancial listed companies in Vietnam from 2010 to 2022, this research examines the dynamics between earnings management and tax avoidance, focusing on the moderating role of women on the board of directors. The results confirm that both accrual-based and real earnings management are positively associated with corporate tax avoidance. However, there is a significant negative relationship between female representation on the board and tax avoidance, as well as a significant moderation of the relationship between earnings management and tax avoidance. This study reinforces that female leadership contributes to reducing earnings management and tax avoidance through improved monitoring and governance of corporate ethical activities, emphasizing the importance of strategically empowering women in leadership roles. The implications of this study are given to minimize harmful financial practices and align corporate strategies with ethical practices. Full article

This paper examines the effect of board characteristics on tax avoidance and the moderating role of industry regulation on this effect. Using a comprehensive panel of 84,153 firm-year observations from 39 countries during the period of 2000–2023, we illustrate that larger boards, higher female representation, significant foreign ownership, and the presence of independent directors are generally associated with higher effective tax rates, suggesting lower levels of tax avoidance. This study further demonstrates that the effects of board gender diversity and board independence are more pronounced in regulated industries, where stringent governance and ethical standards prevail, emphasizing the importance of regulatory oversight in mitigating aggressive tax planning. These findings are crucial for policymakers, regulators, and corporate governance practitioners aiming to align corporate practices with ethical standards and reduce the risks associated with tax avoidance. Full article

Our study explores how ESG performance affects corporate misconduct (CM) in Gulf Cooperation Council (GCC) firms and whether having more women on corporate boards influences this relationship. Using logistic regression and using data collected from GCC firms, we analyse the moderating effect of board gender diversity (BGD) on the relationship between ESG and CM. Our findings show that strong ESG performance reduces CM, and greater BGD further decreases misconduct. Moreover, gender-diverse boards strengthen the link between ESG and lower CM rates. This study contributes to the literature by examining how BGD influences the ESG-CM relationship in the GCC region. The current findings are valuable for investors, businesses, and policymakers. Investors should prioritize companies with strong ESG practices and diverse boards to minimize the risks they might face. Businesses should integrate female directors on boards to enhance ethical practices. Policymakers can promote corporate responsibility by incentivizing gender diversity and ESG adoption, which is crucial for a more transparent and accountable business environment. Full article

This study explores the key factors driving corporate social responsibility disclosure (CSR_DISC) by Takaful insurance companies (TKIs) in Saudi Arabia during and after the COVID-19 pandemic. We use content analysis and follow an unweighted scoring method to score the CSR_DISC index. Based on a sample of 26 Saudi-listed TKIs, for the period 2020–2024, we employ Poisson panel and negative binomial panel models to examine the interdependent relationships between CSR_DISCs and a set of corporate governance factors. We find that Saudi TKIs increased their CSR_DISCs in their financial reporting during and after the COVID-19 crisis. These findings confirm that board and firm size have a significant and negative effect on corporate CSR_DISC. However, the number of independent board members and female directors positively affect the extent of CSR_DISCs. Finally, the size of the audit committee and the Shariah supervisory board, frequency of board meetings, and profitability do not affect CSR_DISCs. Full article

This study examines the influence of gender composition on corporate financial performance, measured by the Price-to-Earnings (P/E) ratio and Tobin’s Q, considering both male and female directors. Using an econometric panel data analysis, a dual fixed effects model and the Generalized Method of Moments (GMM) were applied to all Spanish listed companies from 2017 to 2022. The findings reveal no statistically significant correlation between gender diversity in the boards of directors (hereinafter, the board) and the financial performance indicators analyzed. However, a significant association was observed between gender diversity in non-board managerial positions and improved firm economic performance. This challenges the traditional focus on female representation in boards by highlighting the broader impact of gender composition across corporate structures. This study underscores the need for a comprehensive theoretical framework that considers both male and female directors to better understand gender diversity dynamics in governance. From a practical perspective, the results emphasize the importance of promoting gender diversity not only at the board level but also across all managerial positions. Policymakers and corporations should implement strategies to foster balanced gender representation throughout management levels to enhance economic performance. Full article

Loneliness is one of the most prevalent problems faced by older nursing homes (NHs) residents. Technical Directors (TDs) of NHs can play an important role in combating loneliness, so it is important to understand how they perceive this phenomenon. This study aimed to describe the perceptions of TDs about factors associated with loneliness and relevant areas of training and intervention. A total of 163 TDs (mean age = 42 years; 90% female) filled an online survey. The main NHs factors related to loneliness were residents’ mental and physical health problems; mistreatment in care provision; poor relationships between residents, with staff and family/friends; loss of loved ones; and family members’ work schedules and their geographical distance. Intervention domains that need to be improved were the policy of greater proximity to families and community, partnerships with the outside world, civic participation by residents, technical team diversity, and increase of staff/resident ratio. Dementia care, stress management, crisis intervention, person-centered care, and coping with death/bereavement were identified as relevant themes in professional training. This study appears as a relevant contribution to the deepening of knowledge not only about the phenomenon of loneliness among older residents in NHs, but also about the perceptions of TDs regarding this problem. Full article

This paper examines the relationship between board gender diversity and Environmental, Social, and Governance (ESG) disclosure in developed economies. Using a sample of forty-five firms across developed countries between 2012 and 2023, the analysis employs Bloomberg’s ESG disclosure score as a proxy. In terms of methodology, both pooled ordinary least squares (OLS) and fixed effects regression models are employed. However, to mitigate potential endogeneity concerns, the study employs an instrumental variable approach and dynamic panel regression techniques to provide robust causal inference. The findings offer two significant insights. In accordance with critical mass theory, firms with a minimum of three female directors demonstrate a significant positive relationship between board gender diversity and ESG disclosure. This indicates that achieving a critical level of female representation is essential for fostering meaningful improvements in ESG disclosure scores. Second, firms with merely one or two female directors, often considered token representation, exhibit a negative significant impact on ESG disclosure. Additionally, within the UK context, board gender diversity is positively associated with ESG disclosure, suggesting that institutional frameworks and regulatory environment shape this relationship. Full article

This paper investigates the critical role of female directors on the boards of Saudi-listed companies and how they influence the relationship between the demand for higher audit quality and family ownership. The results indicate that female directors fully mediate the relationship between audit quality and family ownership. This suggests that the involvement of female directors on boards may enhance the demand for higher audit quality in family-owned firms. These findings corroborate both agency theory, family business, and stakeholder theoretical background. From a practical standpoint, this study offers valuable insights for investors, policymakers, and regulators. It underscores the importance of increasing female representation on the boards of Saudi family-owned firms to promote effective governance and improve organizational transparency. Full article

This paper explores the effect of board diversity on environmental, social, and governance (ESG) performance in Korean-listed firms using regression analysis. Our findings reveal that an increased board size significantly correlates with higher ESG scores when combined with other board diversity dimensions. The presence of female directors on boards was found to have a significant effect on environmental and social components of ESG performance. Age diversity exhibits a negative association with ESG scores, emphasizing potential disruptions from intergenerational differences. Foreign directors show no significant impact on ESG performance, suggesting that country-specific contextual factors may limit foreign directors’ influence on boards. The proportion of highly educated directors positively affects the overall ESG performance, aligning with resource dependence and agency theories. Overseas-educated directors play a crucial “bridging” role in adapting sustainable innovations overseas, positively influencing ESG performance. In conclusion, this study provides empirical evidence of the complex relationships between board diversity dimensions and ESG performance in the Korean context. These findings guide stakeholders in shaping inclusive and effective board structures for optimal corporate sustainability. Full article

Purpose: This study examines the role of board gender diversity in shaping corporate financial decisions, particularly in terms of debt structure and risk management. Focusing on the Tehran Stock Exchange, it explores how female representation on boards influences long-term and short-term leverage decisions, focusing on the moderating effect of board compensation. Design/Methodology: Utilising a quantitative ex post facto design, the study analyses data from 114 companies listed on the Tehran Stock Exchange between 2017 and 2021. Multivariate regression techniques, including year- and industry-fixed effects, are employed to investigate the relationship between board gender diversity, debt structure, and risk-taking behaviour. Findings: The results reveal a significant negative relationship between female board representation and long-term debt, suggesting that companies with more female directors tend to adopt more conservative debt structures, thereby reducing risk. Additionally, the findings demonstrate that board compensation moderates this relationship by curbing managerial risk-taking, further improving financial decision-making. Originality/Value: This research provides novel insights into the intersection of board gender diversity and risk management in financial decision-making, particularly in the context of a developing economy like Iran. It also offers practical implications for firms seeking to optimise their debt structures while maintaining sound risk management practices. Full article

As global focus persists on gender variety and corporate social responsibility, the participation and influence of women in corporate governance, particularly their effect on the environmental, social, and governance (ESG) performance of corporations, have garnered extensive scrutiny. Given the significant differences between China and the West in terms of institutions and culture, it is highly valuable to explore the unique relationship between gender diversity and ESG performance in the Chinese context, especially in the high-risk and fast-growing technology industry. This study explores the impact of female director background on ESG performance and the moderating effect of risk appetite. The findings suggest that the proportion of female directors has a significant positive impact on the ESG performance of Chinese technology companies. Furthermore, the corporate risk appetite has a positive moderating effect on the relationship between the proportion of female directors and ESG performance. Female directors with higher education levels, financial professional background, and long-term tenure can more effectively promote the company’s ESG performance. This study enhances the theoretical framework of corporate governance and ESG studies while also offering innovative guidance for firms to enhance their ESG scores and develop effective risk management strategies. Full article

The widespread use of the term “foster fail” in animal rescue suggests that it happens often, but no research has explored the prevalence of volunteers adopting their foster animals or whether the phenomenon is really a “failure”. This survey-based study focused on the following questions: 1. How common are foster fails among volunteers on shelter and rescue lists and why do they occur? 2. What types of volunteers are most likely to adopt their foster animals? 3. Do different attachment styles to pets affect foster adoption? 4. Is the adoption of foster animals a way to deal with the potential grief of letting them go to adoption? 5. What are the impacts of foster fails on animal shelters in terms of longevity of volunteers and satisfaction with the volunteer experience? Data were collected through surveys of foster volunteers. Two nonprofit organizations, the Pedigree Foundation and Shelter Animals Count, distributed information about the survey and shelter directors distributed the survey link to their population of foster volunteers. Nine hundred and forty-seven individuals responded. To address the research questions, frequency, correlation, and regression analyses were employed. A total of 38% of volunteers had not adopted a foster in the past ten years, and another 38% had adopted one or two; 90 (11%) and 103 (13%) had adopted three to four or more than four, respectively. Volunteers that had significantly higher numbers of foster fails were those that were older (r = 0.22, p < 0.001), retired (chi-squared = 9.05, p = 0.029), lower on educational attainment (r = −0.13, p < 0.001), female with their own cats (r = 0.16, p < 0.001), and part of a fostering family (r = 0.08, p = 0.043). Volunteers that expressed higher levels of both people-substituting (r = 0.16, p = 0.003) and general (r = 0.13, p = 0.017) attachment to their fosters were more likely to adopt them, as were those that more frequently fostered animals with special medical or behavioral needs (r = 0.25, p < 0.001). Volunteers that had longer tenures (r = 0.43, p < 0.001), fostered more frequently (r = 0.24, p < 0.001), and reported greater resilience (r = 0.10, p = 0.009) had adopted significantly more animals. Finally, there was a significant and positive relationship between satisfaction with fostering and adopting more foster animals (r = 0.16, p < 0.001). The findings indicated that instead of being a “failure,” foster adoptions can be a positive force for the animal in question, their adopters, and shelters and rescues because they have more resilient, satisfied, and active volunteers. Full article