ESG ratings and female corporate leadership: Evidence from African firms

Lawrence Ngalim

Finance Research Letters, 2024, vol. 69, issue PB

Abstract: Despite increasing scholarly research on the dynamic causal link between environmental, social, and governance (ESG) drive and female corporate leadership, limited knowledge exists regarding the African context. This study decreases this research dearth and uncovers bidirectional causality within African firms between 2010 and 2022. Empirical results indicate that female leadership significantly influences future ESG ratings, and ESG implementation negatively affects female leadership. Ceteris paribus, managerial myopia will likely maintain this negative outcome. These findings lead to managerial and policy implications aligned with the United Nations’ Sustainable Development Goals and the African Union Agenda 2063.

Keywords: African firms; ESG ratings; Female corporate leadership (search for similar items in EconPapers)
JEL-codes: M14 O55 Q50 (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:69:y:2024:i:pb:s1544612324012108

DOI: 10.1016/j.frl.2024.106181

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