Female directors’ foreign experience and environmental and sustainable performance
Female directors’ foreign experience and environmental and sustainable performance
We examine the impact of female directors' foreign experience on environmental and sustainable (ES) performance in Chinese listed firms from 2010 to 2016. We find that female directors' foreign experience, especially work experience, significantly positively impacts firms' ES performance. The results are robust, and self-selection concerns are addressed using the Heckman two-step model and propensity score matching. Also, female directors' foreign experience impacts ES performance more significantly when female directors gain foreign experience from a Scandinavian law country or a civil law country. Overall, our results reveal that female directors with foreign experience transmit ES knowledge and practices to Chinese firms.
Environmental and sustainable performance, Female directors' foreign experience, G34, G38, Knowledge transmission
169-193
Ullah, Farid
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Jiang, Ping
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Ntim, Collins
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Shahab, Yasir
b47bf26f-bd24-48c8-beaf-5c6849bf10c2
Chenyang, Zheng
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9 May 2022
Ullah, Farid
aeee2696-d071-4526-a3ae-3c6e8054dd09
Jiang, Ping
f238063f-473a-4c48-933d-2d7be808a67e
Ntim, Collins
1f344edc-8005-4e96-8972-d56c4dade46b
Shahab, Yasir
b47bf26f-bd24-48c8-beaf-5c6849bf10c2
Chenyang, Zheng
a9b7360d-ae13-4464-884c-b42d13f1257b
Ullah, Farid, Jiang, Ping, Ntim, Collins, Shahab, Yasir and Chenyang, Zheng
(2022)
Female directors’ foreign experience and environmental and sustainable performance.
Asia-Pacific Journal of Financial Studies, 51 (2), .
(doi:10.1111/ajfs.12369).
Abstract
We examine the impact of female directors' foreign experience on environmental and sustainable (ES) performance in Chinese listed firms from 2010 to 2016. We find that female directors' foreign experience, especially work experience, significantly positively impacts firms' ES performance. The results are robust, and self-selection concerns are addressed using the Heckman two-step model and propensity score matching. Also, female directors' foreign experience impacts ES performance more significantly when female directors gain foreign experience from a Scandinavian law country or a civil law country. Overall, our results reveal that female directors with foreign experience transmit ES knowledge and practices to Chinese firms.
Text
Asia_Pacific_Journal of Financial Studies
- Accepted Manuscript
More information
Accepted/In Press date: 1 September 2021
Published date: 9 May 2022
Additional Information:
Funding Information:
This research was funded by (i) The National Natural Science Foundation of China with grant number: 72073024; (ii) “The Fundamental Research Funds for the Central Universities” in UIBE, Grant number: CXTD12-03; (iii) “National Natural Science Foundation of China” for “Research Fund for International Young Scientists”, Grant Number: 72150410446 and (iv) “Funds for High-Level Talents of Xijing University (2019), Grant/Award Number: XJ19B02.
Funding Information:
This research was funded by (i) The National Natural Science Foundation of China with grant number: 72073024; (ii) “The Fundamental Research Funds for the Central Universities” in UIBE, Grant number: CXTD12‐03; (iii) “National Natural Science Foundation of China” for “Research Fund for International Young Scientists”, Grant Number: 72150410446 and (iv) “Funds for High‐Level Talents of Xijing University (2019), Grant/Award Number: XJ19B02.
Publisher Copyright:
© 2022 Korean Securities Association.
Keywords:
Environmental and sustainable performance, Female directors' foreign experience, G34, G38, Knowledge transmission
Identifiers
Local EPrints ID: 456203
URI: http://eprints.soton.ac.uk/id/eprint/456203
ISSN: 2041-6156
PURE UUID: da9919fd-a5f0-482c-9fa8-442e5bb78310
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Date deposited: 26 Apr 2022 16:49
Last modified: 17 Mar 2024 07:13
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Contributors
Author:
Farid Ullah
Author:
Ping Jiang
Author:
Yasir Shahab
Author:
Zheng Chenyang
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