How the Interaction Between Board Gender Diversity and ESG Shapes Dividend Policy
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216224%3A14560%2F25%3A00140285" target="_blank" >RIV/00216224:14560/25:00140285 - isvavai.cz</a>
Result on the web
<a href="https://onlinelibrary.wiley.com/doi/full/10.1002/csr.3068" target="_blank" >https://onlinelibrary.wiley.com/doi/full/10.1002/csr.3068</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.1002/csr.3068" target="_blank" >10.1002/csr.3068</a>
Alternative languages
Result language
angličtina
Original language name
How the Interaction Between Board Gender Diversity and ESG Shapes Dividend Policy
Original language description
This study investigates the moderating role of ESG performance on the relationship between board gender diversity and dividend payout ratio in European listed non-financial companies in 2014–2023. Additionally, it explores the threshold level of female directors required to influence dividend payouts and compares companies operating under Anglo-Saxon (common law) and continental (civil law) systems. It employs two-way fixed effects panel linear regression models on a balanced longitudinal dataset of 5,230 firm-year observations and system generalised method of moments (GMM-SYS) GMM to address endogeneity concerns. The results suggest a negatively significant moderating role of ESG performance on the positive relationship between female board directors and companies’ dividend payout ratios. Additionally, they provide evidence of a critical mass of female directors and emphasise the significance of regional variations stemming from governance norms and regulatory frameworks. The findings contribute to corporate
Czech name
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Czech description
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Classification
Type
J<sub>imp</sub> - Article in a specialist periodical, which is included in the Web of Science database
CEP classification
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OECD FORD branch
50206 - Finance
Result continuities
Project
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Continuities
S - Specificky vyzkum na vysokych skolach
Others
Publication year
2025
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Name of the periodical
Corporate Social Responsibility and Environmental Management
ISSN
1535-3958
e-ISSN
1535-3966
Volume of the periodical
32
Issue of the periodical within the volume
2
Country of publishing house
US - UNITED STATES
Number of pages
19
Pages from-to
2472-2490
UT code for WoS article
001375781500001
EID of the result in the Scopus database
2-s2.0-86000386325