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Dang, Rey
, Karmani, Majdi, Houanti, L’Hocine, Simioni, Michel and Abid, Ilyes
(2023)
Board gender diversity and environmental performance: a semi-parametric panel data analysis.
Finance Research Letters, vol. 58 (104032).
Abstract
Using Baltagi and Li’s (2002) semi-parametric panel fixed effects model, this article investigates the effect of board gender diversity (BGD) on a firm’s environmental performance (EP) in a sample of firms from the 2020 Fortune 1000 Index over the 2004–2020 period. We address the endogeneity issue via a control function. Contrary to the existing literature, we find an inverted U- shaped BGD-EP relationship with a turning point. Similarly, we show that this relationship is endogenous and dynamic by nature. Overall, we find a curvilinear relationship (inverted U-shape) between BGD and EP, thereby supporting the “too-much-of-a-good-thing” (TMGT) effect (Pierce and Aguinis, 2013).
| Item Type: | Article |
|---|---|
| Language: | English |
| Date: | December 2023 |
| Refereed: | Yes |
| Place of Publication: | Amsterdam, NL |
| JEL Classification: | B23 - History of Economic Thought - Econometrics; Quantitative and Mathematical Studies C14 - Semiparametric and Nonparametric Methods G34 - Mergers; Acquisitions; Restructuring; Corporate Governance |
| Subjects: | B- ECONOMIE ET FINANCE |
| Divisions: | TSE-R (Toulouse) |
| Site: | UT1 |
| Date Deposited: | 22 Apr 2024 07:38 |
| Last Modified: | 29 Nov 2024 17:13 |
| OAI Identifier: | oai:tse-fr.eu:128173 |
| URI: | https://publications.ut-capitole.fr/id/eprint/48041 |
