Female directorship and ethical corporate governance disclosure practices in highly patriarchal contexts

Areneke, Geofry; Adegbite, Emmanuel; Abongeh, Tunyi Tunyi; Hussain, Tanveer

doi:10.1016/j.jbusres.2023.114028

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Female directorship and ethical corporate governance disclosure practices in highly patriarchal contexts

Geofry Areneke

, Emmanuel Adegbite, Tunyi Tunyi Abongeh, Tanveer Hussain

Journal of Business Research, Volume: 164, Start page: 114028

Swansea University Author: Tunyi Tunyi Abongeh

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DOI (Published version): 10.1016/j.jbusres.2023.114028

Abstract

We examine whether and to what extent female directors impact on ethical CG disclosure practices in a highly patriarchal sub-Saharan African country—Nigeria. Using hand-collected data for 108 listed firms from 2011 to 2017 (756 firm-year observations) and employing a system GMM model to control for...

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Published in:	Journal of Business Research
ISSN:	0148-2963 1873-7978
Published:	Elsevier BV 2023
Online Access:	Check full text
URI:	https://cronfa.swan.ac.uk/Record/cronfa65106
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first_indexed	2023-11-26T10:56:27Z
last_indexed	2023-11-26T10:56:27Z
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spelling	v2 65106 2023-11-26 Female directorship and ethical corporate governance disclosure practices in highly patriarchal contexts eefe2792c8eed5b49feede33981dfa53 Tunyi Tunyi Abongeh Tunyi Tunyi Abongeh true false 2023-11-26 BAF We examine whether and to what extent female directors impact on ethical CG disclosure practices in a highly patriarchal sub-Saharan African country—Nigeria. Using hand-collected data for 108 listed firms from 2011 to 2017 (756 firm-year observations) and employing a system GMM model to control for endogeneity, we show that female directorship is positively and significantly associated with ethical CG disclosures. Our evidence suggests that, even within patriarchal societies where women face negative preconceptions and stereotypes about their leadership capabilities, firms with female directors disclose higher ethical CG practices than firms without such representation. Furthermore, the effectiveness of female directors in influencing ethical CG practices is positively enhanced by foreign directors and institutional shareholders but weakened in larger boardrooms. We also evidence that in firm-level configuration of CG bundle, female directorship is a substitute mechanism for leadership duality, larger boards, non-executive and foreign directorship. Journal Article Journal of Business Research 164 114028 Elsevier BV 0148-2963 1873-7978 Female directorship, Ethical corporate governance disclosure, Foreign directorship, Institutional shareholding, Board size 30 9 2023 2023-09-30 10.1016/j.jbusres.2023.114028 http://dx.doi.org/10.1016/j.jbusres.2023.114028 COLLEGE NANME Accounting and Finance COLLEGE CODE BAF Swansea University Not Required 2023-12-19T16:28:44.2226622 2023-11-26T10:55:44.2808801 Faculty of Humanities and Social Sciences School of Management - Accounting and Finance Geofry Areneke 0000-0001-6075-2747 1 Emmanuel Adegbite 2 Tunyi Tunyi Abongeh 3 Tanveer Hussain 4 65106__29296__873fa7b3e4fb4b81b6c58842aa39f91e.pdf 65106.VOR.pdf 2023-12-19T16:27:30.3106674 Output 1693809 application/pdf Version of Record true © 2023 The Author(s). Published by Elsevier Inc. Distributed under the terms of a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License (CC BY-NC-ND 4.0). true eng https://creativecommons.org/licenses/by/4.0/
title	Female directorship and ethical corporate governance disclosure practices in highly patriarchal contexts
spellingShingle	Female directorship and ethical corporate governance disclosure practices in highly patriarchal contexts Tunyi Tunyi Abongeh
title_short	Female directorship and ethical corporate governance disclosure practices in highly patriarchal contexts
title_full	Female directorship and ethical corporate governance disclosure practices in highly patriarchal contexts
title_fullStr	Female directorship and ethical corporate governance disclosure practices in highly patriarchal contexts
title_full_unstemmed	Female directorship and ethical corporate governance disclosure practices in highly patriarchal contexts
title_sort	Female directorship and ethical corporate governance disclosure practices in highly patriarchal contexts
author_id_str_mv	eefe2792c8eed5b49feede33981dfa53
author_id_fullname_str_mv	eefe2792c8eed5b49feede33981dfa53_***_Tunyi Tunyi Abongeh
author	Tunyi Tunyi Abongeh
author2	Geofry Areneke Emmanuel Adegbite Tunyi Tunyi Abongeh Tanveer Hussain
format	Journal article
container_title	Journal of Business Research
container_volume	164
container_start_page	114028
publishDate	2023
institution	Swansea University
issn	0148-2963 1873-7978
doi_str_mv	10.1016/j.jbusres.2023.114028
publisher	Elsevier BV
college_str	Faculty of Humanities and Social Sciences
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hierarchy_top_title	Faculty of Humanities and Social Sciences
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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.jbusres.2023.114028
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description	We examine whether and to what extent female directors impact on ethical CG disclosure practices in a highly patriarchal sub-Saharan African country—Nigeria. Using hand-collected data for 108 listed firms from 2011 to 2017 (756 firm-year observations) and employing a system GMM model to control for endogeneity, we show that female directorship is positively and significantly associated with ethical CG disclosures. Our evidence suggests that, even within patriarchal societies where women face negative preconceptions and stereotypes about their leadership capabilities, firms with female directors disclose higher ethical CG practices than firms without such representation. Furthermore, the effectiveness of female directors in influencing ethical CG practices is positively enhanced by foreign directors and institutional shareholders but weakened in larger boardrooms. We also evidence that in firm-level configuration of CG bundle, female directorship is a substitute mechanism for leadership duality, larger boards, non-executive and foreign directorship.
published_date	2023-09-30T16:28:44Z
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Female directorship and ethical corporate governance disclosure practices in highly patriarchal contexts

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