Board diversity effects on environmental performance and the moderating effect of board independence: evidence from the Asia-Pacific region
AbstractThis study reckons that although a lot of debate has gained currency of late on whether board diversity is associated with environmental performance, empirical evidence that delved into the effects of age, tenure, and gender board diversity and the moderating effect of board independence are...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
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Taylor & Francis Group
2023-12-01
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| Series: | Cogent Business & Management |
| Subjects: | |
| Online Access: | https://www.tandfonline.com/doi/10.1080/23311975.2023.2210349 |
| _version_ | 1797265241427410944 |
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| author | Hamdan Amer Al-Jaifi Adel Ali Al-Qadasi Ahmed Hussein Al-Rassas |
| author_facet | Hamdan Amer Al-Jaifi Adel Ali Al-Qadasi Ahmed Hussein Al-Rassas |
| author_sort | Hamdan Amer Al-Jaifi |
| collection | DOAJ |
| description | AbstractThis study reckons that although a lot of debate has gained currency of late on whether board diversity is associated with environmental performance, empirical evidence that delved into the effects of age, tenure, and gender board diversity and the moderating effect of board independence are yet to be conducted. This study aims to point out how these board diversity attributes can serve as drivers for environmental performance. Using 14,878 firm-year observations from 11 Asia-Pacific countries, the results indicate that the level of environmental performance is positively associated with age and gender board diversity and negatively associated with tenure board diversity. This striking result can be attributed to the management friendliness hypothesis where long-serving on the board is causing a management-friendly bias, which ultimately reduces environmental activities. The findings of this study also support that board independence moderates the associations between tenure and gender diversity and environmental performance. The findings of this study make valuable implications for understanding how board diversity can serve as a driver for the environmental performance issue. |
| first_indexed | 2024-03-07T14:19:14Z |
| format | Article |
| id | doaj.art-49a79db605aa49c7a99030af3ffb1441 |
| institution | Directory Open Access Journal |
| issn | 2331-1975 |
| language | English |
| last_indexed | 2024-04-25T00:41:40Z |
| publishDate | 2023-12-01 |
| publisher | Taylor & Francis Group |
| record_format | Article |
| series | Cogent Business & Management |
| spelling | doaj.art-49a79db605aa49c7a99030af3ffb14412024-03-12T08:30:26ZengTaylor & Francis GroupCogent Business & Management2331-19752023-12-0110210.1080/23311975.2023.2210349Board diversity effects on environmental performance and the moderating effect of board independence: evidence from the Asia-Pacific regionHamdan Amer Al-Jaifi0Adel Ali Al-Qadasi1Ahmed Hussein Al-Rassas2School of Accounting and Finance, Faculty of Business and Law, Taylor’s University, Subang Jaya, Selangor, MalaysiaCollege of Science and Humanities in Al-Dawadmi, Shaqra University, Al-Dawadmi, Saudi ArabiaCollege of Business Administration, Department of Accounting, University of Hafr Albatin, Hafr Albatin, Saudi ArabiaAbstractThis study reckons that although a lot of debate has gained currency of late on whether board diversity is associated with environmental performance, empirical evidence that delved into the effects of age, tenure, and gender board diversity and the moderating effect of board independence are yet to be conducted. This study aims to point out how these board diversity attributes can serve as drivers for environmental performance. Using 14,878 firm-year observations from 11 Asia-Pacific countries, the results indicate that the level of environmental performance is positively associated with age and gender board diversity and negatively associated with tenure board diversity. This striking result can be attributed to the management friendliness hypothesis where long-serving on the board is causing a management-friendly bias, which ultimately reduces environmental activities. The findings of this study also support that board independence moderates the associations between tenure and gender diversity and environmental performance. The findings of this study make valuable implications for understanding how board diversity can serve as a driver for the environmental performance issue.https://www.tandfonline.com/doi/10.1080/23311975.2023.2210349Environmental performanceboard diversityagetenuregenderindependence |
| spellingShingle | Hamdan Amer Al-Jaifi Adel Ali Al-Qadasi Ahmed Hussein Al-Rassas Board diversity effects on environmental performance and the moderating effect of board independence: evidence from the Asia-Pacific region Cogent Business & Management Environmental performance board diversity age tenure gender independence |
| title | Board diversity effects on environmental performance and the moderating effect of board independence: evidence from the Asia-Pacific region |
| title_full | Board diversity effects on environmental performance and the moderating effect of board independence: evidence from the Asia-Pacific region |
| title_fullStr | Board diversity effects on environmental performance and the moderating effect of board independence: evidence from the Asia-Pacific region |
| title_full_unstemmed | Board diversity effects on environmental performance and the moderating effect of board independence: evidence from the Asia-Pacific region |
| title_short | Board diversity effects on environmental performance and the moderating effect of board independence: evidence from the Asia-Pacific region |
| title_sort | board diversity effects on environmental performance and the moderating effect of board independence evidence from the asia pacific region |
| topic | Environmental performance board diversity age tenure gender independence |
| url | https://www.tandfonline.com/doi/10.1080/23311975.2023.2210349 |
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