The impact of board gender diversity on green building practices: Moving beyond traditional linear and logistic specifications

Montero, Jose-María; Valls Martínez, María del Carmen; Santos Jaén, José Manuel

Publication:
The impact of board gender diversity on green building practices: Moving beyond traditional linear and logistic specifications

dc.contributor.author	Montero, Jose-María
dc.contributor.author	Valls Martínez, María del Carmen
dc.contributor.author	Santos Jaén, José Manuel
dc.contributor.department	Economía Financiera y Contabilidad
dc.date.accessioned	2024-11-12T12:39:31Z
dc.date.available	2024-11-12T12:39:31Z
dc.date.issued	2024-10-13
dc.description	© 2024 The Authors. This document 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 accepted version of a published work that appeared in final form in Corporate Governance: An International Review To access the final work, see DOI: https://doi.org/10.1111/corg.12624	es
dc.description.abstract	This article examines the relationship between sustainability and gender equality by analyzing how the percentage of women on the board of directors (still less than 50% in most cases) influences a company's commitment to green building practices. For this analysis, we estimate 30 competing multivariate pooled and panel data logistic specifications, including the gender diversity factor in both its traditional and polynomial forms. This methodological innovation (the polynomial form) allows for the examination of gender diversity's relationship with other variables beyond conventional models that assume constant effects, thus enabling a more realistic depiction of impacts that vary with the degree of diversity. Our dataset includes companies listed on the Euro Stoxx 300 and Standard & Poor's 500 for the period 2010–2021. The findings indicate that, in both indices, an increased percentage of women on the board (and a higher Blau diversity index) correlates with a greater propensity for sustainable building practices, up to a threshold nearing parity. The impacts are more significant in Europe than in the U.S., where board gender diversity appears to have a lesser influence on green building initiatives. The specification that best models the relationship between sustainable building practices and gender diversity, along with other relevant factors, is a multivariate panel data logistic model with the gender diversity factor included as a cubic polynomial for companies listed on the Euro Stoxx 300. A similar model, but with the gender factor in a quadratic polynomial form, was selected for companies listed on the Standard & Poor's 500. Therefore, the impact function of gender diversity on sustainable building practices is not constant but depends on the existing degree of board gender diversity, with the shape of the impact function differing between Europe and the U.S. Additionally, the study finds that other board characteristics—larger boards, longer tenures of directors, and higher	es
dc.format	application/pdf	es
dc.format.extent	52	es
dc.identifier.citation	Corporate Governance: An International Review, 2024; 0:1–22
dc.identifier.doi	https://doi.org/10.1111/corg.12624
dc.identifier.issn	Print: 0964-8410
dc.identifier.issn	Electronic: 1467-8683
dc.identifier.uri	http://hdl.handle.net/10201/146241
dc.language	eng	es
dc.publisher	Willey	es
dc.relation	This work was supported by grant PID2022-137379NB-I00 funded by MCIN/AEI/10.13039/501100011033 and by “ERDF A way of making Europe.”	es
dc.relation.publisherversion	https://onlinelibrary.wiley.com/doi/full/10.1111/corg.12624	es
dc.rights	info:eu-repo/semantics/openAccess	es
dc.rights	Attribution-NonCommercial-NoDerivatives 4.0 Internacional	*
dc.rights.uri	http://creativecommons.org/licenses/by-nc-nd/4.0/	*
dc.subject	Board gender diversity	es
dc.subject	Green buildings	es
dc.subject	Multivariate panel data logistic model	es
dc.subject	Polynomial logistic specification	es
dc.subject	Sustainable buildings	es
dc.title	The impact of board gender diversity on green building practices: Moving beyond traditional linear and logistic specifications	es
dc.type	info:eu-repo/semantics/article	es
dspace.entity.type	Publication	es
relation.isAuthorOfPublication	f2a50292-b572-4299-827f-f1d9a677a12d
relation.isAuthorOfPublication.latestForDiscovery	f2a50292-b572-4299-827f-f1d9a677a12d

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