オオタケ トシツグ   OTAKE Toshitsugu   大竹 敏次    所属   立命館アジア太平洋大学  国際経営学部    職種   教授
言語種別	英語
発行・発表の年月	2025
形態種別	学術論文
査読	査読あり
標題	The Effect of Board Gender Diversity on Firm Sustainable Performance in the MENA Region: The Moderating Effect of Ownership Concentration
執筆形態	共著
掲載誌名	Afro-Asian J. of Finance and Accounting
掲載区分	国外
出版社・発行元	Inderscience Publishers
概要	Firm sustainable performance is receiving great attention worldwide. Companies are targeting sustainability by focusing on their environmental, social and governance (ESG) activities to meet the expectations of different stakeholders, instead of just focusing on profit maximization and satisfying the investors’ goals only. The objective of this research is to provide empirical evidence on the effect of female presence on boards and ownership concentration on the firm sustainable performance measured by ESG performance in the MENA region. Based on a sample of 571 firm-year observations during the period from 2013 to 2022, we found evidence that female presence on boards contribute towards enhancing the firm’s sustainable performance in the MENA region. Ownership concentration didn’t prove to have a significant effect on firms’ ESG performance. Our results are robust to alternative measures of board gender diversity and ESG performance. This research contributes towards reducing the gap related to board diversity and its impact on firm performance in the developing countries by adding empirical evidence regarding the positive impact of gender diversity on firms’ sustainable performance. Research results will be of great importance to policymakers, regulators, researchers and company management and stakeholders because it adds evidence that female presence of boards might be one of the main factors that contribute towards firms’ sustainability in the developing countries.
DOI	10.1504/AAJFA.2024.10068584