Boardroom gender diversity: Implications for corporate sustainability disclosures in Malaysia. (20th January 2020)

• Record Type: Journal Article
• Authors: Zahid, Muhammad; Rahman, Haseeb Ur; Ali, Wajahat; Khan, Musa; Alharthi, Majed; Imran Qureshi, Muhammad; Jan, Amin
• Is Part Of: Journal of cleaner production. Volume 244(2020)
• Publication Date: 2020-01-20
• Subjects: Gender diversity -- Corporate sustainability disclosures -- MCCG 2012 -- Pre-post analysis -- Emerging economies -- Malaysia; Factory and trade waste -- Management -- Periodicals; Manufactures -- Environmental aspects -- Periodicals; Déchets industriels -- Gestion -- Périodiques; Usines -- Aspect de l'environnement -- Périodiques; 628.5
• DOI: 10.1016/j.jclepro.2019.118683
• Languages: English
• ISSNs: 0959-6526

Abstract

Abstract: This study aims to examine the impact of boardroom gender diversity, Malaysian Code on Corporate Governance (MCCG, 2012), and firms' specific characteristics such as age, size, and profitability, on corporate sustainability disclosures (CSD) in Malaysia. The study applied Ordinary Least Square (OLS) to a stratified random sample composed of 878 public listed companies. These companies were selected in 11 sectors of the Malaysian economy for three years i.e. 2011 to 2013. The selection of time period has a rationale that Malaysia is mostly focused on improving both the corporate sustainability and representation of women directors on the board during this time. The results indicate that women directors have an imperative role in improving CSD as evident by their significant positive association with workplace and social, environmental, and economic dimensions of corporate sustainability. In addition, the comparison of findings in pre and post contexts of MCCG 2012, it is noted that the association between boardroom gender diversity and CSD has pronounced after enactment of the code. The findings are important, particularly in connection with a fast-growing and emerging economy like Malaysia. The findings have important insights for various stakeholders i.e. government, regulatory bodies, practitioners, academia, industry, and researchers. Graphical abstract: Image 1 Highlights: An empirical analysis of boardroom gender diversity and corporate sustainability disclosures. Boardroom gender diversity increases corporate sustainability disclosures. Boardroom gender diversity increases environmental, workplace, social, and economic sustainability. Relationship of boardroom gender diversity with corporate sustainability in pre and post contexts of the MCCG 2012. The association is more pronounced after enactment of the MCCG 2012.