How the Interaction Between Board Gender Diversity and ESG Shapes Dividend Policy

Kód výsledku v 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>

Výsledek na webu

<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>

Jazyk výsledku

angličtina

Název v původním jazyce

How the Interaction Between Board Gender Diversity and ESG Shapes Dividend Policy

Popis výsledku v původním jazyce

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

Název v anglickém jazyce

How the Interaction Between Board Gender Diversity and ESG Shapes Dividend Policy

Popis výsledku anglicky

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

Druh

J_imp - Článek v periodiku v databázi Web of Science

CEP obor

—

OECD FORD obor

50206 - Finance

Projekt

—

Návaznosti

S - Specificky vyzkum na vysokych skolach

Rok uplatnění

2025

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název periodika

Corporate Social Responsibility and Environmental Management

ISSN

1535-3958

e-ISSN

1535-3966

Svazek periodika

32

Číslo periodika v rámci svazku

2

Stát vydavatele periodika

US - Spojené státy americké

Počet stran výsledku

19

Strana od-do

2472-2490

Kód UT WoS článku

001375781500001

EID výsledku v databázi Scopus

2-s2.0-86000386325