Board Gender Diversity and Corporate Response to Sustainability Initiatives: Evidence from the Carbon Disclosure Project
| Autor: | Philip McIlkenny, Walid Ben-Amar, Millicent Chang |
|---|---|
| Rok vydání: | 2015 |
| Předmět: |
Economics and Econometrics
Gender diversity business.industry Corporate governance 05 social sciences Institutional investor Accounting 010501 environmental sciences 01 natural sciences General Business Management and Accounting Stakeholder management Arts and Humanities (miscellaneous) Greenhouse gas 0502 economics and business Sustainability Economics Carbon footprint Business and International Management Business ethics business Law 050203 business & management 0105 earth and related environmental sciences |
| Zdroj: | Journal of Business Ethics. 142:369-383 |
| ISSN: | 1573-0697 0167-4544 |
| Popis: | This paper investigates the effect of female representation on the board of directors on corporate response to stakeholders’ demands for increased public reporting about climate change-related risks. We rely on the Carbon Disclosure Project as a sustainability initiative supported by institutional investors. Greenhouse gas emissions measurement and its disclosure to investors can be thought of as a first step toward addressing climate change issues and reducing the firm’s carbon footprint. Based on a sample of publicly listed Canadian firms over the period 2008–2014, we find that the likelihood of voluntary climate change disclosure increases with women percentage on boards. We also find evidence that supports critical mass theory with regard to board gender diversity. These findings reinforce initiatives being undertaken around the world to promote gender diversity in corporate governance while demonstrating board effectiveness in stakeholder management. |
| Databáze: | OpenAIRE |
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