Board Gender Diversity and Carbon Proactivity: The Influence of Cultural Factors

Haifei Wang, Qingliang Tang and Ting Guo ()
Additional contact information
Haifei Wang: Accounting School, Jilin University of Finance and Economics, Changchun 130117, China
Qingliang Tang: School of Business, Western Sydney University, Sydney 1797, Australia
Ting Guo: Library, Guizhou Institute of Technology, Guiyang 550003, China

JRFM, 2023, vol. 16, issue 2, 1-23

Abstract: Due to inadequate studies, our knowledge of the effect of female directors and national culture on the corporate response to climate change is still limited. To address this gap, the purpose of this paper is to investigate the dynamic relationship between gender diversity on the board of directors and corporate carbon proactivity and how two dimensions of national culture (individualism and indulgence) moderate this relationship. This study focuses on large companies that disclosed carbon-related information via the CDP survey in 2011–2017. Our findings show that gender diversity promotes corporate carbon proactivity. Furthermore, the positive effect of gender diversity on carbon proactivity is weaker when firms are in countries marked by a higher level of individualism and indulgence. As far as we know, this study is the first to explore and document the empirical evidence on the dynamic impact of gender diversity in the corporate governance body and national culture on managers’ climate change behaviors in terms of green proactivity.

Keywords: board gender diversity; individualism; indulgence; carbon proactivity; climate change (search for similar items in EconPapers)
JEL-codes: C E F2 F3 G (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://www.mdpi.com/1911-8074/16/2/131/pdf (application/pdf)
https://www.mdpi.com/1911-8074/16/2/131/ (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:gam:jjrfmx:v:16:y:2023:i:2:p:131-:d:1070520

Access Statistics for this article

JRFM is currently edited by Ms. Chelthy Cheng

More articles in JRFM from MDPI
Bibliographic data for series maintained by MDPI Indexing Manager ().