Board gender diversity and firm-level climate change exposure: a global perspective
Board gender diversity and firm-level climate change exposure: a global perspective
This study examines the association between board gender diversity and firm-level climate change exposure. Using a global sample of 14,685 firm-year observations covering 2469 firms across 63 countries from 2000–2021, we find that firms with more gender-diverse boards are likely to exhibit lower climate change exposure. The results remain after we decompose the exposure into three components: exposures to opportunity, physical (e.g., sea level rises), and regulatory shocks (e.g., carbon taxes, cap and trade markets). Our critical mass analysis further confirms that boards with at least two female directors start having such a significant effect.
Trinh, Vu Quang
57555445-95c4-418a-89e8-5403a5bbfb1e
Trinh, Hai Hong
fb9c22b5-eea2-4798-ba58-2da052df603e
Nguyen, Thi Hong Hanh
068b2ee9-26fe-4fb7-b885-4d62cd46fe04
9 June 2023
Trinh, Vu Quang
57555445-95c4-418a-89e8-5403a5bbfb1e
Trinh, Hai Hong
fb9c22b5-eea2-4798-ba58-2da052df603e
Nguyen, Thi Hong Hanh
068b2ee9-26fe-4fb7-b885-4d62cd46fe04
Trinh, Vu Quang, Trinh, Hai Hong and Nguyen, Thi Hong Hanh
(2023)
Board gender diversity and firm-level climate change exposure: a global perspective.
Finance Research Letters, 55, [103995].
(doi:10.1016/j.frl.2023.103995).
Abstract
This study examines the association between board gender diversity and firm-level climate change exposure. Using a global sample of 14,685 firm-year observations covering 2469 firms across 63 countries from 2000–2021, we find that firms with more gender-diverse boards are likely to exhibit lower climate change exposure. The results remain after we decompose the exposure into three components: exposures to opportunity, physical (e.g., sea level rises), and regulatory shocks (e.g., carbon taxes, cap and trade markets). Our critical mass analysis further confirms that boards with at least two female directors start having such a significant effect.
Text
1-s2.0-S1544612323003677-main
- Version of Record
More information
Accepted/In Press date: 7 May 2023
e-pub ahead of print date: 8 May 2023
Published date: 9 June 2023
Identifiers
Local EPrints ID: 488069
URI: http://eprints.soton.ac.uk/id/eprint/488069
ISSN: 1544-6123
PURE UUID: bedce2b1-ffa3-4383-8969-bc2fa89a91d5
Catalogue record
Date deposited: 14 Mar 2024 17:48
Last modified: 18 Mar 2024 04:19
Export record
Altmetrics
Contributors
Author:
Vu Quang Trinh
Author:
Hai Hong Trinh
Author:
Thi Hong Hanh Nguyen
Download statistics
Downloads from ePrints over the past year. Other digital versions may also be available to download e.g. from the publisher's website.
View more statistics