Document Type

Article

Source of Publication

Business Strategy and the Environment

Publication Date

1-1-2025

Abstract

In the tourism and transportation (T&T) industries, female directors' contributions are undervalued despite the strong emphasis on board gender diversity in management research. We investigate whether the impact of multiple board gender diversity measures on environmental, social, and governance (ESG) practices varies between shareholder- and stakeholder-oriented countries and between T&T industries, drawing on insights from both managerial and psychological perspectives. Using an international sample of 790 firm-year observations representing 79 listed firms from 16 countries, we find that gender diversity is positively associated with ESG disclosure practices, and this relationship is more pronounced in shareholder-oriented countries and the transportation sector. These insights culminate in an integrated theoretical framework that challenges traditional governance paradigms and highlights the essential role of board gender diversity in fostering sustainability. By emphasizing the contributions of female leadership to ESG disclosure practices, this research offers valuable policy implications and practical strategies for enhancing gender diversity within T&T industries.

ISSN

0964-4733

Publisher

Wiley

Disciplines

Business

Keywords

board gender diversity, country orientation, ESG disclosure, managerial and psychological perspectives, tourism and transportation industries

Scopus ID

105014754553

Creative Commons License

Creative Commons Attribution 4.0 International License
This work is licensed under a Creative Commons Attribution 4.0 International License.

Indexed in Scopus

yes

Open Access

yes

Open Access Type

Hybrid: This publication is openly available in a subscription-based journal/series

Included in

Business Commons

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