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Board gender diversity and firm-level climate change exposure: A global perspective

Vu Quang Trinh Orcid Logo, Hai Hong Trinh Orcid Logo, Hanh Nguyen, Xuan Vinh Vo

Finance Research Letters, Volume: 55, Start page: 103995

Swansea University Author: Hanh Nguyen

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Abstract

This study examines the association between board gender diversity and firm-level climate change exposure. Using a global sample of 14,685 firm-year observations covering 2469 firms across 63 countries from 2000–2021, we find that firms with more gender-diverse boards are likely to exhibit lower cli...

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Published in: Finance Research Letters
ISSN: 1544-6123 1544-6131
Published: Elsevier BV 2023
Online Access: Check full text

URI: https://cronfa.swan.ac.uk/Record/cronfa63457
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first_indexed 2023-05-15T19:04:05Z
last_indexed 2023-05-15T19:04:05Z
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spelling v2 63457 2023-05-15 Board gender diversity and firm-level climate change exposure: A global perspective d1ec006995000315744a512d1ad41891 Hanh Nguyen Hanh Nguyen true false 2023-05-15 BAF This study examines the association between board gender diversity and firm-level climate change exposure. Using a global sample of 14,685 firm-year observations covering 2469 firms across 63 countries from 2000–2021, we find that firms with more gender-diverse boards are likely to exhibit lower climate change exposure. The results remain after we decompose the exposure into three components: exposures to opportunity, physical (e.g., sea level rises), and regulatory shocks (e.g., carbon taxes, cap and trade markets). Our critical mass analysis further confirms that boards with at least two female directors start having such a significant effect. Journal Article Finance Research Letters 55 103995 Elsevier BV 1544-6123 1544-6131 Female directors, Environmental performance, Climate change exposure, Critical mass theory, Board gender diversity 31 7 2023 2023-07-31 10.1016/j.frl.2023.103995 http://dx.doi.org/10.1016/j.frl.2023.103995 COLLEGE NANME Accounting and Finance COLLEGE CODE BAF Swansea University Not Required 2023-07-27T15:32:42.2074951 2023-05-15T19:59:46.4056520 Faculty of Humanities and Social Sciences School of Management - Accounting and Finance Vu Quang Trinh 0000-0003-2606-2958 1 Hai Hong Trinh 0000-0003-0209-7259 2 Hanh Nguyen 3 Xuan Vinh Vo 4 63457__27726__159e55404910447ea9314c8957e7250b.pdf 63457.pdf 2023-06-06T15:08:31.3404984 Output 475687 application/pdf Proof true © 2023 The Author(s). Published by Elsevier Inc. Distributed under the terms of a Creative Commons Attribution 4.0 License (CC BY 4.0). true eng http://creativecommons.org/licenses/by/4.0/
title Board gender diversity and firm-level climate change exposure: A global perspective
spellingShingle Board gender diversity and firm-level climate change exposure: A global perspective
Hanh Nguyen
title_short Board gender diversity and firm-level climate change exposure: A global perspective
title_full Board gender diversity and firm-level climate change exposure: A global perspective
title_fullStr Board gender diversity and firm-level climate change exposure: A global perspective
title_full_unstemmed Board gender diversity and firm-level climate change exposure: A global perspective
title_sort Board gender diversity and firm-level climate change exposure: A global perspective
author_id_str_mv d1ec006995000315744a512d1ad41891
author_id_fullname_str_mv d1ec006995000315744a512d1ad41891_***_Hanh Nguyen
author Hanh Nguyen
author2 Vu Quang Trinh
Hai Hong Trinh
Hanh Nguyen
Xuan Vinh Vo
format Journal article
container_title Finance Research Letters
container_volume 55
container_start_page 103995
publishDate 2023
institution Swansea University
issn 1544-6123
1544-6131
doi_str_mv 10.1016/j.frl.2023.103995
publisher Elsevier BV
college_str Faculty of Humanities and Social Sciences
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hierarchy_top_id facultyofhumanitiesandsocialsciences
hierarchy_top_title Faculty of Humanities and Social Sciences
hierarchy_parent_id facultyofhumanitiesandsocialsciences
hierarchy_parent_title Faculty of Humanities and Social Sciences
department_str School of Management - Accounting and Finance{{{_:::_}}}Faculty of Humanities and Social Sciences{{{_:::_}}}School of Management - Accounting and Finance
url http://dx.doi.org/10.1016/j.frl.2023.103995
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description This study examines the association between board gender diversity and firm-level climate change exposure. Using a global sample of 14,685 firm-year observations covering 2469 firms across 63 countries from 2000–2021, we find that firms with more gender-diverse boards are likely to exhibit lower climate change exposure. The results remain after we decompose the exposure into three components: exposures to opportunity, physical (e.g., sea level rises), and regulatory shocks (e.g., carbon taxes, cap and trade markets). Our critical mass analysis further confirms that boards with at least two female directors start having such a significant effect.
published_date 2023-07-31T15:32:37Z
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