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Board gender diversity and corporate environmental, social and governance performance: evidence from New Zealand listed firms

Ramona Zharfpeykan & Yuanzhen Bai

Pacific Accounting Review2025https://doi.org/10.1108/par-01-2024-0011article
AJG 1ABDC B
Weight
0.53

What the paper says

Purpose This study aims to examine whether board gender diversity is significantly and positively associated with corporate environmental, social and governance (ESG) performance, as well as the link between board gender diversity and each of the three ESG pillars. Design/methodology/approach Aligning with stakeholder and critical mass theories, this study uses ordinary least squares regression and fixed-effects models on the sample comprising New Zealand listed firms from 2016 to 2022. Findings The findings reveal that board gender diversity positively and significantly is associated with firms’ overall ESG performance. In addition, female board representation positively and significantly associates with the governance pillar but, not with the other two. The findings highlight that a higher proportion of female board representation enhances a firm’s overall ESG performance by improving its corporate governance initiative. Originality/value Besides adding to the literature on board gender diversity’s association with New Zealand listed firms’ ESG performance, the findings provide insights for companies, policymakers and stakeholders.

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https://doi.org/https://doi.org/10.1108/par-01-2024-0011

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@article{ramona2025,
  title        = {{Board gender diversity and corporate environmental, social and governance performance: evidence from New Zealand listed firms}},
  author       = {Ramona Zharfpeykan & Yuanzhen Bai},
  journal      = {Pacific Accounting Review},
  year         = {2025},
  doi          = {https://doi.org/https://doi.org/10.1108/par-01-2024-0011},
}

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Board gender diversity and corporate environmental, social and governance performance: evidence from New Zealand listed firms

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Evidence weight

0.53

Balanced mode · F 0.40 / M 0.15 / V 0.05 / R 0.40

F · citation impact0.50 × 0.4 = 0.20
M · momentum0.70 × 0.15 = 0.10
V · venue signal0.50 × 0.05 = 0.03
R · text relevance †0.50 × 0.4 = 0.20

† Text relevance is estimated at 0.50 on the detail page — for your query’s actual relevance score, open this paper from a search result.