Examining the role of gender diversity on ownership structure-sustainable performance nexus: fresh evidence from emerging markets

Sitara Karim, Muhammad Abubakr Naeem, Abdelrahman Ahmed Meero, Mustafa Raza Rabbani

Research output: Contribution to journalArticlepeer-review

21 Citations (Scopus)

Abstract

The current research presents fresh insights on empirically presenting the relationship between ownership structure and corporate sustainable performance of two emerging markets: Malaysia and Pakistan. Moreover, the moderating role of gender diversity is observed on the relationship between ownership structure and corporate sustainable performance. Dynamic estimator, named system generalized method of moments, is used for estimations that control for potential dynamic endogeneity, simultaneity, and reverse causality. Findings reveal that ownership concentration and state ownership are negatively related to economic, social, and environmental indicators of CSP both in Malaysia and Pakistan, whereas directors’ ownership is positively associated with all sustainability indicators. Financial institution’s ownership showed a positive significant impact on CSP in Malaysia, whereas an insignificant relationship is observed in Pakistan. Meanwhile, the moderating impact of women directors on the relationship between ownership structure and corporate sustainable performance reveals a significant impact in Malaysia and an insignificant impact in Pakistan. Generally, the findings of the study have practical implications for regulatory authorities, securities commissions, and policymakers of Malaysia and Pakistan. Moreover, there is a need to bring reforms into corporate governance structures in Pakistan, where weak economic conditions leave a frail impact of ownership structure on CSP and an insignificant moderating impact of board gender diversity.

Original languageEnglish
Pages (from-to)42829-42844
Number of pages16
JournalEnvironmental Science and Pollution Research
Volume30
Issue number15
DOIs
Publication statusPublished - Mar 2023
Externally publishedYes

Keywords

  • Board gender diversity
  • Corporate sustainable performance
  • Global reporting index
  • Malaysia
  • Ownership structure
  • Pakistan

ASJC Scopus subject areas

  • Environmental Chemistry
  • Pollution
  • Health, Toxicology and Mutagenesis

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