Do female CEOs matter for ESG scores?

Tom Aabo and Iasmina Cristina Giorici

Global Finance Journal, 2023, vol. 56, issue C

Abstract: Environmental, social, and governance (ESG) issues are important for consumers, investors, and other stakeholders. The same applies for gender diversity. We show that whether female CEOs seem to matter for the firm's ESG profile depends crucially on the data used for the analysis: depending on the specific data provider, ESG scores for the same firms are either strongly and significantly positively associated, or not associated at all, with having a female CEO. Conclusions on this important topic are vulnerable to data discrepancies across ESG data providers.

Keywords: Behavioral corporate finance; CEO gender; Corporate social responsibility; ESG scores (search for similar items in EconPapers)
JEL-codes: G32 G34 G40 (search for similar items in EconPapers)
Date: 2023
References: Add references at CitEc
Citations: View citations in EconPapers (12)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:glofin:v:56:y:2023:i:c:s1044028322000242

DOI: 10.1016/j.gfj.2022.100722

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