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Board Gender Diversity and Corporate Response to Sustainability Initiatives: Evidence from the Carbon Disclosure Project

Journal Article


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Abstract


  • 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 reinfo rce initiatives being undertaken around the world to promote gender diversity in corporate governance while demonstrating board effectiveness in stakeholder management.

UOW Authors


  •   Ben-Amar, Walid (external author)
  •   Chang, Millicent
  •   McIlkenny, Philip (external author)

Publication Date


  • 2017

Citation


  • Ben-Amar, W., Chang, M. & 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.

Scopus Eid


  • 2-s2.0-85019096582

Ro Full-text Url


  • http://ro.uow.edu.au/cgi/viewcontent.cgi?article=2409&context=buspapers

Ro Metadata Url


  • http://ro.uow.edu.au/buspapers/1396

Has Global Citation Frequency


Number Of Pages


  • 14

Start Page


  • 369

End Page


  • 383

Volume


  • 142

Issue


  • 2

Place Of Publication


  • Netherlands

Abstract


  • 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 reinfo rce initiatives being undertaken around the world to promote gender diversity in corporate governance while demonstrating board effectiveness in stakeholder management.

UOW Authors


  •   Ben-Amar, Walid (external author)
  •   Chang, Millicent
  •   McIlkenny, Philip (external author)

Publication Date


  • 2017

Citation


  • Ben-Amar, W., Chang, M. & 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.

Scopus Eid


  • 2-s2.0-85019096582

Ro Full-text Url


  • http://ro.uow.edu.au/cgi/viewcontent.cgi?article=2409&context=buspapers

Ro Metadata Url


  • http://ro.uow.edu.au/buspapers/1396

Has Global Citation Frequency


Number Of Pages


  • 14

Start Page


  • 369

End Page


  • 383

Volume


  • 142

Issue


  • 2

Place Of Publication


  • Netherlands