Board gender diversity and firm performance: The mediating role of sustainability disclosure

Ahmad Yuosef Alodat; Zalailah Salleh; Haitham Nobanee; Hafiza Aishah Hashim

doi:10.1002/csr.2473

journal article Mar 02, 2023

Board gender diversity and firm performance: The mediating role of sustainability disclosure

Ahmad Yuosef Alodat

Zalailah Salleh

Haitham Nobanee

Hafiza Aishah Hashim

Corporate Social Responsibility and Environmental Management Vol. 30 No. 4 pp. 2053-2065 · Wiley

View at Publisher Save 10.1002/csr.2473

Abstract

AbstractThis study aims to investigate the mediating role of sustainability disclosure in the relationship between board gender diversity and performance of the firm in the non‐financial listed on Amman Stock Exchange (ASE). Using data from Jordan listed firms in ASE for the period of 2014–2018, the direct effect between board gender diversity on firm performance was examined, and the indirect effect of the mediating role of sustainability disclosure was also tested. The findings showed that board gender diversity has a positive and significant effect on performance of the firm. Furthermore, the results showed that sustainability disclosure fully mediates the relationship between board gender diversity and the performance of the firm. This study contributes to the knowledge by examining the mediating role of the sustainability disclosure on the relationship between board diversity and firm performance. Integrating knowledge of gender, corporate governance and sustainability enrich the study of firm performance. Regulators, investors and managers should consider not only gender diversity as a key enabler of growth but also sustainability disclosure. By increasing the level of sustainability disclosure and having a sound governance system may improve firm performance which in turn attracts investors because sophisticated investors nowadays embed sustainability consideration into their strategies to generate positive outcomes. In addition, this study provides evidence on sustainability disclosure as a mediating variable on the relationship between board gender diversity and performance of the firm in the ASE which is one of the emerging markets.

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Details

Published: Mar 02, 2023
Vol/Issue: 30(4)
Pages: 2053-2065
License: View

Authors

A

Ahmad Yuosef Alodat

Faculty of Business, Economics and Social Development Universiti Malaysia Terengganu Kuala Nerus Malaysia

Z

Zalailah Salleh

Faculty of Business, Economics and Social Development Universiti Malaysia Terengganu Kuala Nerus Malaysia

H

Haitham Nobanee

College of Business Abu Dhabi University Zayed City United Arab Emirates; Oxford Centre for Islamic Studies University of Oxford Oxford UK; Faculty of Humanities & Social Sciences The University of Liverpool Liverpool UK

H

Hafiza Aishah Hashim

Faculty of Business, Economics and Social Development Universiti Malaysia Terengganu Kuala Nerus Malaysia

Cite This Article

Ahmad Yuosef Alodat, Zalailah Salleh, Haitham Nobanee, et al. (2023). Board gender diversity and firm performance: The mediating role of sustainability disclosure. Corporate Social Responsibility and Environmental Management, 30(4), 2053-2065. https://doi.org/10.1002/csr.2473

Board gender diversity and firm performance: The mediating role of sustainability disclosure

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