Women on boards, firms’ competitive advantage and its effect on ESG disclosure in Malaysia

Citation

Wan Mohammad, Wan Masliza and Mohd Zaini, Rapiah and Md Kassim, Aza Azlina (2022) Women on boards, firms’ competitive advantage and its effect on ESG disclosure in Malaysia. Social Responsibility Journal. ISSN 1747-1117

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Abstract

The purpose of this paper is to investigate the effects of women on board moderated by firms’ competitive advantage on firms’ environmental, social and governance (ESG) disclosures. Design/methodology/approach The sample consists of 332 firm-year observations from the year 2012 to 2017 of 65 firms listed in Bursa Malaysia. To improve the robustness of this analysis, the authors adopt clustering techniques in the regression analysis. Sensitivity analysis is also conducted using two-stage least square regression and robust standard errors for panel regression with a cross-sectional dependence approach. Findings The findings of this research indicate that women on board encourage ESG and environmental disclosures. Nonetheless, in competitively advantaged firms, the authors find that the interaction between WOMENPER and COMADVANTAGE is negatively influencing ESG scores. However, no evidence is found to indicate that women on board in a competitively advantaged firm have an effect on the environmental scores of a firm.

Item Type: Article
Uncontrolled Keywords: Environmental, Social and governance (ESG), Environmental disclosure, Competitive advantage
Subjects: G Geography. Anthropology. Recreation > GE Environmental Sciences (General) > GE1-350 Environmental sciences
Divisions: Faculty of Management (FOM)
Depositing User: Ms Nurul Iqtiani Ahmad
Date Deposited: 04 Jul 2022 01:07
Last Modified: 04 Jul 2022 01:07
URII: http://shdl.mmu.edu.my/id/eprint/10122

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