Gender diversity in control and management bodies and the compliance report with the sustainable development goals
DOI:
https://doi.org/10.51302/rcyt.2022.7589Keywords:
executive females, gender diversity, sustainable development goals (SDG), sustainable commitmentAbstract
This study aims to analyze whether the commitment to information transparency in terms of sustainable development goals (SDGs) is related to the presence of women in control and management bodies. Based on a sample of 145 Spanish companies for the period 2015-2019, the evidence shows that gender diversity on the boards and management teams plays a key role in the commitment to transparency in SDG actions in Spanish companies.
Downloads
References
Atif, M., Hossain, M., Alam, M. S. y Goergen, M. (2021). Does board gender diversity affect renewable energy consumption? Journal of Corporate Finance, 66, 101665.
Bass, B. M. (1985). Leadership and performance beyond expectations. The Free Press.
Bear, S., Rahman, N. y Post, C. (2010). The impact of board diversity and gender composition on corporate social responsibility and firm reputation. Journal of business ethics, 97(2), 207-221. https://doi.org/10.1007/s10551-010-0505-2
Ben-Amar, W., Chang, M. y McIlkenny, P. (2017). Board gender diversity and corporate response to sustainability initiatives: evidence from the carbon disclosure project. Journal of Business Ethics, 142(2), 369-383.
Bettinelli, C., Del Bosco, B. y Giachino, C. (2019). Women on Boards in Family Firms: What We Know and What We Need to Know. En E. Memili y C. Dibrell (Eds.), The Palgrave Handbook of Heterogeneity among Family Firms (pp. 201-228). Springer International Publishing, Cham.
Burns, J. M. (1978). Leadership. Harper y Row.
Byron, K. y Post, C. (2016). Women on Boards of Directors and Corporate Social Performance: A Meta-Analysis. Corporate Governance: An International Review, 24, 428-442. https://doi.org/10.1111/corg.12165
Camarán, M., Barón, L. y Rueda, M. (2019). La responsabilidad social empresarial y los objetivos de desarrollo sostenible. Teorías, enfoques y aplicaciones en las ciencias sociales (TEACS), 24, 41-52.
Catalyst. (2004). The Bottom Line: Connecting Corporate Performance and Gender Diversity. Catalyst. www.catalystwomen.org
Chimhowu, A. O., Hulme, D. y Munro, L. T. (2019). The «New » national development planning and global development goals: Processes and partnerships. World Development, 120, 76-89. https://doi.org/10.1016/j.worlddev.2019.03.013
Clarkson, M. (1995). A Stakeholder Framework for Analyzing and Evaluating Corporate Social Performance. Academy of Management Review, 20(1), 92-117.
Cook, A. y Glass, C. (2018), Women on corporate boards: Do they advance corporate social responsibility? Human Relations, 71(7), 897-924. https://doi.org/10.1177/0018726717729207
Cumming, D., Leung, T. y Rui, O. (2015). Gender diversity and securities fraud. Academy of Management Journal, 58(5), 1.572-1.593. https://doi.org/10.5465/amj.2013.0750
Dezsö, C. L. y Ross, D. G. (2012). Does Female Representation in Top Management Improve Firm Performance? A Panel Data Investigation. Strategic Management Journal, 33, 9.
Duarte, S. (2017). Los ODS: herramientas de acción empresariales para la paz. Cámara de Comercio de Bogotá. XVI Cumbre mundial de premios de paz / fundación ideas para la paz.
Eagly, A. H. (1987). Sex differences in social behavior: A social-role interpretation. Erlbaum
Eagly, A. H., Diekman, A. B., Johannesen-Schmidt, M. C. y Koenig, A. M. (2004). Gender gaps in sociopolitical attitudes: A social psychological analysis. Journal of Personality and Social Psychology, 87(6), 796-816. https://doi.org/10.1037/0022-3514.87.6.796
Eagly, A. H., Johannesen-Schmidt, M. C. y van Engen, M. L. (2003). Transformational, transactional, and laissez-faire leadership styles: A meta-analysis comparing women and men. Psychological Bulletin, 129(4), 569-591. https://doi.org/10.1037/0033-2909.129.4.569
Galbreath, J. (2016). Is Board Gender Diversity Linked to Financial Performance? The Mediating Mechanism of CSR. Business & Society, 57(5), 863-889. https://doi.org/10.1177/0007650316647967
García-Meca, E., Martinez Ferrero, J. y Sanchez-Ballesta, J. P. (2021). El cumplimento de los ODS y sus efectos en la rentabilidad económica en la empresa cotizada española. Revista Contabilidad y Tributación. CEF, 464, 195-220.
Croson, R. y Gneezy, U. (2009). Gender differences in preferences. Journal of Economic literature, 47(2), 448-74.
Gul, F. A., Srinidhi, B. y Ng, A. C. (2011). Does board gender diversity improve the informativeness ofstock prices? Journal of Accounting and Economics, 51(3), 314-338.
Harjoto, M., Laksmana, I. y Lee, R. (2015). Board Diversity and Corporate Social Responsibility. Journal of Business Ethics, 132, 641-660. https://doi.org/10.1007/s10551-014-2343-0
Horner, R. y Hulme, D. (2019). Global Development, Converging Divergence and Development Studies: A Rejoinder. Development and Change, 50(2), 495-510. https://doi.org/10.1111/dech.12496
Ibrahim, N. A. y Angelidis, J. P. (2011). Effect Of Board Members Gender on Corporate Social Responsiveness Orientation. Journal of Applied Business Research, 10, 35-40.
Jogulu, U. D. y Wood, G. J. (2006). The role of leadership theory in raising the profile of women in management. Equal Opportunities International, 25(4), 236-250. https://doi.org/10.1108/02610150610706230
Judge, T. A. y Piccolo, R. F. (2004). Transformational and Transactional Leadership: A Meta-Analytic Test of Their Relative Validity. Journal of Applied Psychology, 89(5), 755-768. https://doi.org/10.1037/0021-9010.89.5.755
KPMG. (2020). The time has come. Survey of Sustainability Reporting. https://assets.kpmg/content/dam/kpmg/ar/pdf/2020/the-time-has-come-KPMG-survey-of-sustainability-reporting_2020.pdf
Klenke, K. (1993). Leadership Education at the Great Divide: Crossing into the Twenty-First Century. Journal of Leadership Studies, 1(1), 111-127. https://doi.org/10.1177/107179199300100110
Krishnan, H. A. y Park, D. (2005). A few good women-on top management teams. Journal of Business Research, 58(12), 1.712-1.720. https://doi.org/10.1016/j.jbusres.2004.09.003
Liao, L., Lin, T. P. y Zhang, Y. (2016). Corporate Board and Corporate Social Responsibility Assurance: Evidence from China. Journal of business ethics, 10(7), 1-15. https://doi.org/10.1007/s10551-016-3176-9
López-González, E., Martínez-Ferrero, J. y García-Meca, E. (2019). Corporate social responsibility in family firms: a contingency approach. Journal of Cleaner Production, 211, 1.044-1.064.
Martínez-Ferrero, J. y García-Meca, E. (2020). Internal corporate governance strength as a mechanism for achieving sustainable development goals. Sustainable Development, 28(5), 1.189-1.198.
Martínez-Ferrero, J., Lozano, M. B. y Vivas, M. (2021). The impact of board cultural diversity on a firm’s commitment toward the sustainability issues of emerging countries: The mediating effect of a CSR committee. Corporate Social Responsibility and Environmental Management, 28(2), 675-685.
Matsa, D. A. y Miller, A. R. (2013). A female style in corporate leadership? Evidence from quotas. American Economic Journal: Applied Economics, 5(3), 136-69.
Mungai, E. M., Ndiritu, S. W. y Rajwani, T. (2020). Do voluntary environmental management systems improve environmental performance? Evidence from waste management by Kenyan firms. Journal of Cleaner Production, 265, 121636.
Muñoz Torres, M. J., Fernández Izquierdo, M. A., Rivera Lirio, J. M., Ferrero Ferrero, I., Escrig Olmedo, E., Gisbert Navarro, J. V. y Chiara Marullo, M. (2018). An Assessment Tool to Integrate Sustainability Principles into the Global Supply Chain. Sustainability, 10, 535. https://doi.org/10.3390/su10020535
Observatorio de los ODS. (2019). La contribución de las empresas españolas a los objetivos de desarrollo sostenible. Segundo informe. https://fundacionlacaixa.org/documents/10280/825331/la_contribucion_de_las_empresas_espanolas_a_los_ods_segundo_informe_es.pdf
Phan, H. T. P., De Luca, F. y Iaia, L. (2020). The «Walk » towards the UN Sustainable Development Goals: ¿Does Mandated «Talk » through Non financial Disclosure Affect Companies’ Financial Performance? Sustainability, 12, 2324. https://doi.org/10.3390/su12062324
Pratto, F., Stallworth, L. M. y Sidanius, J. (1997). The gender gap: Differences in political attitudes and social dominance orientation. British Journal of Social Psychology, 36(1), 49-68. https://doi.org/10.1111/j.2044-8309.1997.tb01118.x
PWC. (2018). SDG prioritisation - is business on the right track. https://pwc.blogs.com/sustainability/2018/01/sdg-prioritisation-is-business-on-the-right-track.html
PWC. (2020). PwC’s 2020 Annual Corporate Directors Survey. https://www.pwc.com/us/en/services/governance-insights-center/library/annual-corporate-directors-survey.html
PWC. (2021). Sostenibilidad en los consejos y alta dirección. Informe PwC España y WAS.
Ramon-Llorens, M. C., Garcia-Meca, E. y Pucheta-Martínez, M. C. (2021). Female directors on boards. The impact of faultlines on CSR reporting. Sustainability Accounting, Management and Policy Journal, 12(1), 156-183. https://doi.org/10.1108/SAMPJ-07-2019-0273
Rosati, F. y Faria, L. G. D. (2019a). Business contribution to the sustainable development agenda: Organizational factors related to early adoption of SDG reporting. Corporate Social Responsibility and Environmental Management, 26(3), 588-597. https://doi.org/10.1002/csr.1705
Rosati, F. y Faria, L. G. (2019b). Addressing the SDGs in sustainability reports: The relationship with institutional factors. Journal of Cleaner Production, 215, 1.312-1.326.
Singh, N., Jain, S. y Sharma, P. (2014). Determinants of proactive environmental management practices in Indian firms: An empirical study. Journal of Cleaner Production, 66, 469-478. https://doi.org/10.1016/j.jclepro.2013.11.055
Yonghong Liu, L. Lei, E. y H. Buttner. (2020). Establishing the boundary conditions for female board directors’ influence on firm performance through CSR. Journal of Business Research, 121, 112-120. https://doi.org/10.1016/j.jbusres.2020.08.026
Zelechowski, D. D. y Bilimoria, D. (2006). Characteristics of CEOs and corporate boards with women inside directors. Corporate Board: role, duties and composition, 2(2), 14-21. https://doi.org/10.22495/cbv2i2art2
