Board gender diversity and ESG performance balance in GCC firms
<p>This paper examines the transformative role of board gender diversity in shaping both the absolute performance and strategic prioritization of environmental, social, and governance (ESG) dimensions in Gulf Cooperation Council (GCC) firms. Using data from 132 non-financial firms (2013–2022),...
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2025
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| _version_ | 1864513534206935040 |
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| author | Ayman Mnasri (16932486) |
| author2 | Akram Temimi (17871062) Houda Arouri (22467109) |
| author2_role | author author |
| author_facet | Ayman Mnasri (16932486) Akram Temimi (17871062) Houda Arouri (22467109) |
| author_role | author |
| dc.creator.none.fl_str_mv | Ayman Mnasri (16932486) Akram Temimi (17871062) Houda Arouri (22467109) |
| dc.date.none.fl_str_mv | 2025-04-11T09:00:00Z |
| dc.identifier.none.fl_str_mv | 10.1016/j.frl.2025.107352 |
| dc.relation.none.fl_str_mv | https://figshare.com/articles/journal_contribution/Board_gender_diversity_and_ESG_performance_balance_in_GCC_firms/30405862 |
| dc.rights.none.fl_str_mv | CC BY 4.0 info:eu-repo/semantics/openAccess |
| dc.subject.none.fl_str_mv | Commerce, management, tourism and services Business systems in context Human society Political science Board gender diversity ESG performance Corporate governance Relative weight analysis Governance prioritization Sustainability strategy Multi-way fixed effects |
| dc.title.none.fl_str_mv | Board gender diversity and ESG performance balance in GCC firms |
| dc.type.none.fl_str_mv | Text Journal contribution info:eu-repo/semantics/publishedVersion text contribution to journal |
| description | <p>This paper examines the transformative role of board gender diversity in shaping both the absolute performance and strategic prioritization of environmental, social, and governance (ESG) dimensions in Gulf Cooperation Council (GCC) firms. Using data from 132 non-financial firms (2013–2022), we employ simultaneous equations modeling and relative weight analysis to investigate this dual impact. Our findings reveal an interesting relationship: while female board representation enhances absolute performance across all ESG components, it simultaneously drives strategic rebalancing of priorities. Specifically, boards with higher female representation maintain strong governance standards while proportionally elevating the emphasis on social and environmental performance dimensions. This calibrated reweighting suggests that female directors bring distinct perspectives to sustainability strategy, rather than simply improving ESG metrics uniformly. Using the GCC context, where board diversity remains notably low, we provide novel insights into how gender composition shapes not just the magnitude but also the balance of corporate sustainability efforts in emerging markets. Our study contributes to the literature by showing that board diversity's influence extends beyond absolute ESG performance to the strategic balancing of sustainability priorities.</p><h2>Other Information</h2> <p> Published in: Finance Research Letters<br> License: <a href="http://creativecommons.org/licenses/by/4.0/" target="_blank">http://creativecommons.org/licenses/by/4.0/</a><br>See article on publisher's website: <a href="https://dx.doi.org/10.1016/j.frl.2025.107352" target="_blank">https://dx.doi.org/10.1016/j.frl.2025.107352</a></p> |
| eu_rights_str_mv | openAccess |
| id | Manara2_6eb2adac65054b03eb85d5e2f196aabc |
| identifier_str_mv | 10.1016/j.frl.2025.107352 |
| network_acronym_str | Manara2 |
| network_name_str | Manara2 |
| oai_identifier_str | oai:figshare.com:article/30405862 |
| publishDate | 2025 |
| repository.mail.fl_str_mv | |
| repository.name.fl_str_mv | |
| repository_id_str | |
| rights_invalid_str_mv | CC BY 4.0 |
| spelling | Board gender diversity and ESG performance balance in GCC firmsAyman Mnasri (16932486)Akram Temimi (17871062)Houda Arouri (22467109)Commerce, management, tourism and servicesBusiness systems in contextHuman societyPolitical scienceBoard gender diversityESG performanceCorporate governanceRelative weight analysisGovernance prioritizationSustainability strategyMulti-way fixed effects<p>This paper examines the transformative role of board gender diversity in shaping both the absolute performance and strategic prioritization of environmental, social, and governance (ESG) dimensions in Gulf Cooperation Council (GCC) firms. Using data from 132 non-financial firms (2013–2022), we employ simultaneous equations modeling and relative weight analysis to investigate this dual impact. Our findings reveal an interesting relationship: while female board representation enhances absolute performance across all ESG components, it simultaneously drives strategic rebalancing of priorities. Specifically, boards with higher female representation maintain strong governance standards while proportionally elevating the emphasis on social and environmental performance dimensions. This calibrated reweighting suggests that female directors bring distinct perspectives to sustainability strategy, rather than simply improving ESG metrics uniformly. Using the GCC context, where board diversity remains notably low, we provide novel insights into how gender composition shapes not just the magnitude but also the balance of corporate sustainability efforts in emerging markets. Our study contributes to the literature by showing that board diversity's influence extends beyond absolute ESG performance to the strategic balancing of sustainability priorities.</p><h2>Other Information</h2> <p> Published in: Finance Research Letters<br> License: <a href="http://creativecommons.org/licenses/by/4.0/" target="_blank">http://creativecommons.org/licenses/by/4.0/</a><br>See article on publisher's website: <a href="https://dx.doi.org/10.1016/j.frl.2025.107352" target="_blank">https://dx.doi.org/10.1016/j.frl.2025.107352</a></p>2025-04-11T09:00:00ZTextJournal contributioninfo:eu-repo/semantics/publishedVersiontextcontribution to journal10.1016/j.frl.2025.107352https://figshare.com/articles/journal_contribution/Board_gender_diversity_and_ESG_performance_balance_in_GCC_firms/30405862CC BY 4.0info:eu-repo/semantics/openAccessoai:figshare.com:article/304058622025-04-11T09:00:00Z |
| spellingShingle | Board gender diversity and ESG performance balance in GCC firms Ayman Mnasri (16932486) Commerce, management, tourism and services Business systems in context Human society Political science Board gender diversity ESG performance Corporate governance Relative weight analysis Governance prioritization Sustainability strategy Multi-way fixed effects |
| status_str | publishedVersion |
| title | Board gender diversity and ESG performance balance in GCC firms |
| title_full | Board gender diversity and ESG performance balance in GCC firms |
| title_fullStr | Board gender diversity and ESG performance balance in GCC firms |
| title_full_unstemmed | Board gender diversity and ESG performance balance in GCC firms |
| title_short | Board gender diversity and ESG performance balance in GCC firms |
| title_sort | Board gender diversity and ESG performance balance in GCC firms |
| topic | Commerce, management, tourism and services Business systems in context Human society Political science Board gender diversity ESG performance Corporate governance Relative weight analysis Governance prioritization Sustainability strategy Multi-way fixed effects |