Areneke, Geofry and Adegbite, Emmanuel and Tunyi, Abongeh and Hussain, Tanveer (2023) Female directorship and ethical corporate governance disclosure practices in highly patriarchal contexts. Journal of Business Research, 164. p. 114028. DOI https://doi.org/10.1016/j.jbusres.2023.114028
Areneke, Geofry and Adegbite, Emmanuel and Tunyi, Abongeh and Hussain, Tanveer (2023) Female directorship and ethical corporate governance disclosure practices in highly patriarchal contexts. Journal of Business Research, 164. p. 114028. DOI https://doi.org/10.1016/j.jbusres.2023.114028
Areneke, Geofry and Adegbite, Emmanuel and Tunyi, Abongeh and Hussain, Tanveer (2023) Female directorship and ethical corporate governance disclosure practices in highly patriarchal contexts. Journal of Business Research, 164. p. 114028. DOI https://doi.org/10.1016/j.jbusres.2023.114028
Abstract
We examine whether and to what extent female directors impact on ethical CG disclosure practices in a highly patriarchal sub-Saharan African country—Nigeria. Using hand-collected data for 108 listed firms from 2011 to 2017 (756 firm-year observations) and employing a system GMM model to control for endogeneity, we show that female directorship is positively and significantly associated with ethical CG disclosures. Our evidence suggests that, even within patriarchal societies where women face negative preconceptions and stereotypes about their leadership capabilities, firms with female directors disclose higher ethical CG practices than firms without such representation. Furthermore, the effectiveness of female directors in influencing ethical CG practices is positively enhanced by foreign directors and institutional shareholders but weakened in larger boardrooms. We also evidence that in firm-level configuration of CG bundle, female directorship is a substitute mechanism for leadership duality, larger boards, non-executive and foreign directorship.
Item Type: | Article |
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Uncontrolled Keywords: | Female directorship; Ethical corporate governance disclosure; Foreign directorship; Institutional shareholding; Board size |
Divisions: | Faculty of Social Sciences Faculty of Social Sciences > Essex Business School |
SWORD Depositor: | Unnamed user with email elements@essex.ac.uk |
Depositing User: | Unnamed user with email elements@essex.ac.uk |
Date Deposited: | 25 May 2023 11:55 |
Last Modified: | 16 May 2024 21:51 |
URI: | http://repository.essex.ac.uk/id/eprint/35660 |
Available files
Filename: Female.pdf
Licence: Creative Commons: Attribution-Noncommercial-No Derivative Works 4.0