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Bus Strat Env - 2023 - Eliwa - Board gender diversity and ESG decoupling Does religiosity matter.pdf (493.96 kB)

Board gender diversity and ESG decoupling: Does religiosity matter?

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posted on 2023-12-14, 16:32 authored by Yasser EliwaYasser Eliwa, Ahmed Abood, Ahmed Saleh

In this paper, we examine the relationship between board gender diversity and ESG decoupling and the moderating effect that religiosity has on this relationship. We utilise an international sample of 26,176 firm-year observations that cover the period from 2005 to 2019. Consistent with the upper echelon theory and the gender socialisation theory, we provide evidence that firms with a more gender-diversified board of directors tend to engage less in ESG decoupling, and this relationship is more pronounced among firms domiciled in countries with a low level of religiosity. We also find that the effect of religiosity on the relationship between board gender diversity and ESG decoupling is more pronounced for firms that engage in greenwashing and those operating in controversial industry sectors. Our study contributes to the growing debate on ESG decoupling, offering policy insights to regulators and policymakers into the role of board gender diversity and religiosity in reducing unethical managerial behaviour.

History

School

  • Loughborough Business School

Published in

Business Strategy and the Environment

Volume

32

Issue

7

Pages

4015-5120

Publisher

Wiley

Version

  • VoR (Version of Record)

Rights holder

© The Authors

Publisher statement

This is an Open Access Article. It is published by Wiley under the Creative Commons Attribution-NonCommercial 4.0 International Licence (CC BY-NC). Full details of this licence are available at: https://creativecommons.org/licenses/by-nc/4.0/

Acceptance date

2022-12-21

Publication date

2023-01-07

Copyright date

2023

ISSN

0964-4733

eISSN

1099-0836

Language

  • en

Depositor

Dr Yasser Eliwa. Deposit date: 23 December 2022

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