Are gender and cultural diversities on board related to corporate CO2 emissions?

Valls Martínez, María del Carmen; Soriano Román, Rafael; Martín Cervantes, Pedro Antonio; Santos Jaén, José Manuel

Publication:
Are gender and cultural diversities on board related to corporate CO2 emissions?

dc.contributor.author	Valls Martínez, María del Carmen
dc.contributor.author	Soriano Román, Rafael
dc.contributor.author	Martín Cervantes, Pedro Antonio
dc.contributor.author	Santos Jaén, José Manuel
dc.contributor.department	Economía Financiera y Contabilidad
dc.date.accessioned	2023-11-07T23:11:40Z
dc.date.available	2023-11-07T23:11:40Z
dc.date.issued	2022-06-10
dc.description	©2022. This manuscript version is made available under the CC-BY-NC-ND 4.0 license http://creativecommons.org/licenses/by-nc-nd/4.0/ This document is the published version of a Published Work that appeared in final form in Journal of Cleaner Production. To access the final edited and published work see https://doi.org/10.1016/j.jclepro.2022.132638
dc.description.abstract	This paper aims to explore whether the female share on the boards of directors of companies influences CO2 emissions in both developed and emerging markets. Furthermore, the influence of cultural diversity on the board of directors on CO2 emissions is analysed. A sample of companies belonging to the MSCI and MSCI Emerging Market indices in Europe over ten years (2010–2019) was analysed using regression models with panel data. The results demonstrate that in both developed and developing markets, the ratio of women to men on the board of directors is inversely related to the company’s CO2 emissions, which support legitimacy theory in two aspects: it fulfils the right to equality and non-discrimination for women, and it also reduces CO2 emissions. In general, cultural diversity had a negative influence on CO2 emissions. This research is relevant for policymakers and managers seeking to improve sustainability and equality policies in companies. If gender equality in corporate monitoring roles is environmentally beneficial for the planet, legislators will support quota policies. In addition, shareholders will have an incentive to implement gender equality policies, as they will legitimise the company in the eyes of society, which has economic benefits. On a practical level, this work will contribute to achieving gender equality in corporate governance and improve the understanding of factors influencing CO2 emissions to the environment. This study contributes to previous research since it is the first time that developed and emerging countries have been analysed with the same methodology in relation to gender and CO2 emissions. Moreover, this research differentiates between emission-sensitive and insensitive sectors, and it is the only study to carry out a sector-by-sector and a country-by-country analysis. Furthermore, cultural diversity on corporate boards has been scarcely studied so far in relation to CO2 emissions.
dc.format	application/pdf	es_ES
dc.format.extent	17
dc.identifier.citation	Journal of Cleaner Production 363 (2022) 132638
dc.identifier.doi	https://doi.org/10.1016/j.jclepro.2022.132638
dc.identifier.issn	0959-6526
dc.identifier.uri	http://hdl.handle.net/10201/135435
dc.language	eng	es_ES
dc.publisher	Elsevier
dc.relation	Sin financiación externa a la Universidad
dc.relation.isreferencedby	ED_IDENTRADA=1191
dc.relation.publisherversion	https://www.researchgate.net/publication/361237870_Are_gender_and_cultural_diversities_on_board_related_to_corporate_CO2_emissions
dc.rights	info:eu-repo/semantics/openAccess
dc.rights	Attribution-NonCommercial-NoDerivatives 4.0 International
dc.rights.uri	http://creativecommons.org/licenses/by-nc-nd/4.0/
dc.subject	Sustainable development
dc.subject	CO2 emissions
dc.subject	Board gender diversity
dc.subject	Board cultural diversity
dc.subject	Developed and developing markets
dc.subject	Gender policies
dc.title	Are gender and cultural diversities on board related to corporate CO2 emissions?	es_ES
dc.type	info:eu-repo/semantics/article	es_ES
dspace.entity.type	Publication	es
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