Do Women on board of directors have an impact on corporate governance quality and firm performance? A literature review
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In: International Journal of Sustainable Strategic Management, Vol. 5, No. 4, 2017, p. 302-346.
Research output: Journal contributions › Journal articles › Research › peer-review
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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 -