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OTAKE Toshitsugu
Department Ritsumeikan Asia Pacific University College of International Management Position Professor |
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| Language | English |
| Publication Date | 2026/07/13 |
| Type | Research paper |
| Peer Review | Peer reviewed |
| Title | Board gender diversity and ESG performance in an emerging market: does institutional ownership matter? |
| Contribution Type | Joint Work |
| Journal | Journal of Financial Reporting and Accounting |
| Journal Type | Another Country |
| Publisher | Emerald Group Publishing Limited |
| Details | This study investigates whether board gender diversity (BGD) influences
environmental, social, and governance (ESG) performance, while also examining the moderating role of institutional ownership (IO) on this relationship. The study findings demonstrate a significant and positive effect of women in boardrooms on ESG outcomes. Furthermore, institutional ownership weakens this positive effect as a moderating variable. Remarkably, the COVID-19 outbreak led to enhanced ESG performance. The robustness of the study results is further reinforced by additional tests using different metrics for the key variables. Moreover, the findings reinforce critical mass theory. |
| DOI | 10.1108/JFRA-08-2025-0643 |