TY - JOUR

T1 - Do Women on board of directors have an impact on corporate governance quality and firm performance?

T2 - A literature review

AU - Velte, Patrick

PY - 2017

Y1 - 2017

N2 - Women on board of directors (WOBD) should contribute to asustainable strategic management with regard to the increased stakeholderdemand on social and environmental issues. This literature review evaluates200 empirical research studies on the impact of WOBD on corporategovernance quality and firm performance. We briefly introduce the theoreticaland empirical WOBD framework. This is followed by a discussion of WOBDeffectiveness which aims to enhance corporate governance quality, and isdivided into the following areas: 1) financial reporting; 2) corporate socialresponsibility (CSR) reporting; 3) audit; 4) corporate philanthropy. We willthen evaluate the impact of WOBD on; 5) financial performance; 6) CSRperformance. Furthermore, we will summarise the key findings in each area,and provide a description of the analysed proxies for corporate governancequality and firm performance. Finally, we will discuss the limitations of thestudies and give useful recommendations for future empirical researchactivities in this topic.

AB - Women on board of directors (WOBD) should contribute to asustainable strategic management with regard to the increased stakeholderdemand on social and environmental issues. This literature review evaluates200 empirical research studies on the impact of WOBD on corporategovernance quality and firm performance. We briefly introduce the theoreticaland empirical WOBD framework. This is followed by a discussion of WOBDeffectiveness which aims to enhance corporate governance quality, and isdivided into the following areas: 1) financial reporting; 2) corporate socialresponsibility (CSR) reporting; 3) audit; 4) corporate philanthropy. We willthen evaluate the impact of WOBD on; 5) financial performance; 6) CSRperformance. Furthermore, we will summarise the key findings in each area,and provide a description of the analysed proxies for corporate governancequality and firm performance. Finally, we will discuss the limitations of thestudies and give useful recommendations for future empirical researchactivities in this topic.

KW - Management studies

KW - financial reporting

KW - CSR reporting

KW - audit quality

KW - corporate governance

KW - CSR performance

KW - financial performance

KW - corporate philanthropy

KW - external audit

KW - internal audit

KW - Gender and Diversity

KW - gender diversity

KW - board of directors

KW - Sustainability Science

U2 - 10.1504/IJSSM.2017.089125

DO - 10.1504/IJSSM.2017.089125

M3 - Journal articles

VL - 5

SP - 302

EP - 346

JO - International Journal of Sustainable Strategic Management

JF - International Journal of Sustainable Strategic Management

SN - 1753-3600

IS - 4

ER -