IDEAS home Printed from https://ideas.repec.org/a/eee/jbrese/v157y2023ics0148296322010475.html
   My bibliography  Save this article

Women leaders and female same-sex groups: The same 2030 Agenda objectives along different roads

Author

Listed:
  • García-Sánchez, Isabel-María
  • Aibar-Guzmán, Cristina
  • Núñez-Torrado, Miriam
  • Aibar-Guzmán, Beatriz

Abstract

Based on a sample of 4,089 multinational companies over the period 2015–2018, this study analyses the role that women leaders play in relation to the implementation of sustainability strategies to achieve the Sustainable Development Goals (SDGs), and whether this role depends on the proportion of female presence in management teams. The results show that the commitment to the 2030 Agenda is higher in companies with a woman as the Chief Executive Officer (CEO) and/or chairperson of the board of directors, as well as greater gender diversity in both, management teams and the monitoring body. However, the incongruity in the phenomenon of female leadership stereotypes hinders the existence of a complementary relationship that reinforces it. We showed that, consistent with the social role theory, prejudices act as barriers to achieve synergic effects among women in different management positions.

Suggested Citation

  • García-Sánchez, Isabel-María & Aibar-Guzmán, Cristina & Núñez-Torrado, Miriam & Aibar-Guzmán, Beatriz, 2023. "Women leaders and female same-sex groups: The same 2030 Agenda objectives along different roads," Journal of Business Research, Elsevier, vol. 157(C).
    • Handle: RePEc:eee:jbrese:v:157:y:2023:i:c:s0148296322010475
    DOI: 10.1016/j.jbusres.2022.113582
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0148296322010475
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.jbusres.2022.113582?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Isabel‐María García‐Sánchez & Lázaro Rodríguez‐Ariza & Beatriz Aibar‐Guzmán & Cristina Aibar‐Guzmán, 2020. "Do institutional investors drive corporate transparency regarding business contribution to the sustainable development goals?," Business Strategy and the Environment, Wiley Blackwell, vol. 29(5), pages 2019-2036, July.
    2. Tyrowicz, Joanna & Terjesen, Siri & Mazurek, Jakub, 2020. "All on board? New evidence on board gender diversity from a large panel of European firms," European Management Journal, Elsevier, vol. 38(4), pages 634-645.
    3. Dadanlar, Hazel H. & Abebe, Michael A., 2020. "Female CEO leadership and the likelihood of corporate diversity misconduct: Evidence from S&P 500 firms," Journal of Business Research, Elsevier, vol. 118(C), pages 398-405.
    4. Kirsten Burkhardt & Pascal Nguyen & Evelyne Poincelot, 2020. "Agents of change: Women in top management and corporate environmental performance," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 27(4), pages 1591-1604, July.
    5. Attah-Boakye, Rexford & Adams, Kweku & Kimani, Danson & Ullah, Subhan, 2020. "The impact of board gender diversity and national culture on corporate innovation: A multi-country analysis of multinational corporations operating in emerging economies," Technological Forecasting and Social Change, Elsevier, vol. 161(C).
    6. Katherine Baldiga Coffman, 2014. "Evidence on Self-Stereotyping and the Contribution of Ideas," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 129(4), pages 1625-1660.
    7. Renée B. Adams & Patricia Funk, 2012. "Beyond the Glass Ceiling: Does Gender Matter?," Management Science, INFORMS, vol. 58(2), pages 219-235, February.
    8. Séverine Le Loarne-Lemaire & Adnan Maalaoui & Léo-Paul Dana, 2017. "Social entrepreneurship, age and gender: toward a model of social involvement in entrepreneurship," Grenoble Ecole de Management (Post-Print) hal-02008543, HAL.
    9. McColl-Kennedy, Janet R. & Anderson, Ronald D., 2005. "Subordinate-manager gender combination and perceived leadership style influence on emotions, self-esteem and organizational commitment," Journal of Business Research, Elsevier, vol. 58(2), pages 115-125, February.
    10. Ioanna Boulouta, 2013. "Hidden Connections: The Link Between Board Gender Diversity and Corporate Social Performance," Journal of Business Ethics, Springer, vol. 113(2), pages 185-197, March.
    11. Stephanie Birkner, 2020. "To belong or not to belong, that is the question?! Explorative insights on liminal gender states within women’s STEMpreneurship," International Entrepreneurship and Management Journal, Springer, vol. 16(1), pages 115-136, March.
    12. Christy Glass & Alison Cook & Alicia R. Ingersoll, 2016. "Do Women Leaders Promote Sustainability? Analyzing the Effect of Corporate Governance Composition on Environmental Performance," Business Strategy and the Environment, Wiley Blackwell, vol. 25(7), pages 495-511, November.
    13. Joanna Tyrowicz & Siri Terjesen & Jakub Mazurek, 2017. "All on board? New evidence on board gender diversity from a large panel of firms," GRAPE Working Papers 5, GRAPE Group for Research in Applied Economics.
    14. Wang, Xu & Deng, Shengliang & Alon, Ilan, 2021. "Women executives and financing pecking order of GEM-listed companies: Moderating roles of social capital and regional institutional environment," Journal of Business Research, Elsevier, vol. 136(C), pages 466-478.
    15. Francesco Rosati & Lourenço Galvão Diniz Faria, 2019. "Business contribution to the Sustainable Development Agenda: Organizational factors related to early adoption of SDG reporting," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 26(3), pages 588-597, May.
    16. Daniel J. Benjamin & James J. Choi & A. Joshua Strickland, 2010. "Social Identity and Preferences," American Economic Review, American Economic Association, vol. 100(4), pages 1913-1928, September.
    17. Kirsten Burkhardt & Pascal Nguyen & Evelyne Poincelot, 2020. "Agents of change: Women in top management and corporate environmental performance," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 27(4), pages 1591-1604, July.
    18. Cecilia Medupin, 2020. "Women in Environmental Sciences (WiES) and The UN SDGs: A Catalyst for Achieving a Sustainable Future for All," Sustainability, MDPI, vol. 12(17), pages 1-19, August.
    19. Zhongju Liao & Manting Zhang & Xiaopeng Wang, 2019. "Do female directors influence firms' environmental innovation? The moderating role of ownership type," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 26(1), pages 257-263, January.
    20. Víctor Amor-Esteban & Mª-Purificación Galindo-Villardón & Isabel-María García-Sánchez, 2019. "A Multivariate Proposal for a National Corporate Social Responsibility Practices Index (NCSRPI) for International Settings," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 143(2), pages 525-560, June.
    21. Jafari-Sadeghi, Vahid & Sukumar, Arun & Pagán-Castaño, Esther & Dana, Léo-Paul, 2021. "What drives women towards domestic vs international business venturing? An empirical analysis in emerging markets," Journal of Business Research, Elsevier, vol. 134(C), pages 647-660.
    22. Lorenzo Ardito & Rosa Maria Dangelico & Antonio Messeni Petruzzelli, 2021. "The link between female representation in the boards of directors and corporate social responsibility: Evidence from B corps," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 28(2), pages 704-720, March.
    23. Huang, Jiekun & Kisgen, Darren J., 2013. "Gender and corporate finance: Are male executives overconfident relative to female executives?," Journal of Financial Economics, Elsevier, vol. 108(3), pages 822-839.
    24. Séverine Le Loarne-Lemaire & Adnan Maalaoui & Léo-Paul Dana, 2017. "Social entrepreneurship, age and gender: toward a model of social involvement in entrepreneurship," International Journal of Entrepreneurship and Small Business, Inderscience Enterprises Ltd, vol. 31(3), pages 363-381.
    25. Kim, Sahrok & Praveen Parboteeah, K. & Cullen, John B. & Jeong, Nara, 2022. "Social institutions approach to women’s firm ownership and firm bribery activity: A study of small-sized firms in emerging markets," Journal of Business Research, Elsevier, vol. 144(C), pages 1333-1349.
    26. Borghesi, Richard & Houston, Joel F. & Naranjo, Andy, 2014. "Corporate socially responsible investments: CEO altruism, reputation, and shareholder interests," Journal of Corporate Finance, Elsevier, vol. 26(C), pages 164-181.
    27. Helene Ahl, 2006. "Why Research on Women Entrepreneurs Needs New Directions," Entrepreneurship Theory and Practice, , vol. 30(5), pages 595-621, September.
    28. María‐Florencia Amorelli & Isabel‐María García‐Sánchez, 2020. "Critical mass of female directors, human capital, and stakeholder engagement by corporate social reporting," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 27(1), pages 204-221, January.
    29. Opoku, Eric Evans Osei & Kufuor, Nana Kwabena & Manu, Sylvester Adasi, 2021. "Gender, electricity access, renewable energy consumption and energy efficiency," Technological Forecasting and Social Change, Elsevier, vol. 173(C).
    30. Clara Gallego-Sosa & Milagros Gutiérrez-Fernández & Yakira Fernández-Torres & María Teresa Nevado-Gil, 2021. "Corporate Social Responsibility in the European Banking Sector: Commitment to the 2030 Agenda and Its Relationship with Gender Diversity," Sustainability, MDPI, vol. 13(4), pages 1-23, February.
    31. Brad M. Barber & Terrance Odean, 2001. "Boys will be Boys: Gender, Overconfidence, and Common Stock Investment," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 116(1), pages 261-292.
    32. Rosca, Eugenia & Agarwal, Nivedita & Brem, Alexander, 2020. "Women entrepreneurs as agents of change: A comparative analysis of social entrepreneurship processes in emerging markets," Technological Forecasting and Social Change, Elsevier, vol. 157(C).
    33. Katia Furlotti & Tatiana Mazza & Veronica Tibiletti & Silvia Triani, 2019. "Women in top positions on boards of directors: Gender policies disclosed in Italian sustainability reporting," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 26(1), pages 57-70, January.
    34. Isabel-María García-Sánchez & Víctor Amor-Esteban & David Galindo-Álvarez, 2020. "Communication Strategies for the 2030 Agenda Commitments: A Multivariate Approach," Sustainability, MDPI, vol. 12(24), pages 1-25, December.
    35. Gartzia, Leire & Baniandrés, Josune, 2019. "How Feminine is the Female Advantage? Incremental validity of gender traits over leader sex on employees' responses," Journal of Business Research, Elsevier, vol. 99(C), pages 125-139.
    36. Niloufar Fallah Shayan & Nasrin Mohabbati-Kalejahi & Sepideh Alavi & Mohammad Ali Zahed, 2022. "Sustainable Development Goals (SDGs) as a Framework for Corporate Social Responsibility (CSR)," Sustainability, MDPI, vol. 14(3), pages 1-27, January.
    37. Cristina Armuña & Sergio Ramos & Jesús Juan & Claudio Feijóo & Alberto Arenal, 2020. "From stand-up to start-up: exploring entrepreneurship competences and STEM women’s intention," International Entrepreneurship and Management Journal, Springer, vol. 16(1), pages 69-92, March.
    38. Edina Eberhardt-Toth, 2017. "Who should be on a board corporate social responsibility committee?," Post-Print hal-01768904, HAL.
    39. Fernando, Guy D. & Jain, Shalini Sarin & Tripathy, Arindam, 2020. "This cloud has a silver lining: Gender diversity, managerial ability, and firm performance," Journal of Business Research, Elsevier, vol. 117(C), pages 484-496.
    40. Lindsey N. Godwin & Christopher E. Stevens & Nurete L. Brenner, 2006. "Forced to Play by the Rules? Theorizing how Mixed–Sex Founding Teams Benefit Women Entrepreneurs in Male–Dominated Contexts," Entrepreneurship Theory and Practice, , vol. 30(5), pages 623-642, September.
    41. Inocencia María Martinez-Leon & Isabel Olmedo-Cifuentes & MCarmen Martínez-Victoria & Narciso Arcas-Lario, 2020. "Leadership Style and Gender: A Study of Spanish Cooperatives," Sustainability, MDPI, vol. 12(12), pages 1-23, June.
    42. Liu, Yonghong & Lei, Lijun & Buttner, E. Holly, 2020. "Establishing the boundary conditions for female board directors’ influence on firm performance through CSR," Journal of Business Research, Elsevier, vol. 121(C), pages 112-120.
    43. Ziang Zou & Yuqing Wu & Qi Zhu & Shenggang Yang, 2018. "Do Female Executives Prioritize Corporate Social Responsibility?," Emerging Markets Finance and Trade, Taylor & Francis Journals, vol. 54(13), pages 2965-2981, October.
    44. Giuliana Birindelli & Antonia Patrizia Iannuzzi & Marco Savioli, 2019. "The impact of women leaders on environmental performance: Evidence on gender diversity in banks," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 26(6), pages 1485-1499, November.
    45. Mikko Manner, 2010. "The Impact of CEO Characteristics on Corporate Social Performance," Journal of Business Ethics, Springer, vol. 93(1), pages 53-72, June.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Albertina Paula Monteiro & Isabel-María García-Sánchez & Beatriz Aibar-Guzmán, 2022. "Labour Practice, Decent Work and Human Rights Performance and Reporting: The Impact of Women Managers," Journal of Business Ethics, Springer, vol. 180(2), pages 523-542, October.
    2. López-Cabarcos, M. Ángeles & Vizcaíno-González, Marcos & López-Pérez, M. Luisa, 2023. "Gender diversity on boards: Determinants that underlie the proposals for female directors," Technological Forecasting and Social Change, Elsevier, vol. 190(C).
    3. Lorenzo Ardito & Rosa Maria Dangelico & Antonio Messeni Petruzzelli, 2021. "The link between female representation in the boards of directors and corporate social responsibility: Evidence from B corps," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 28(2), pages 704-720, March.
    4. Ayman Issa & Mohammad A. A. Zaid & Jalal Rajeh Hanaysha, 2022. "Exploring the relationship between female director's profile and sustainability performance: Evidence from the Middle East," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 43(6), pages 1980-2002, September.
    5. Paul B. McGuinness & João Paulo Vieito & Mingzhu Wang, 2020. "Proactive government intervention, board gender balance, and stakeholder engagement in China and Europe," Asia Pacific Journal of Management, Springer, vol. 37(3), pages 719-762, September.
    6. María del Carmen Valls Martínez & Pedro Antonio Martín Cervantes & Salvador Cruz Rambaud, 2020. "Women on corporate boards and sustainable development in the American and European markets: Is there a limit to gender policies?," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 27(6), pages 2642-2656, November.
    7. Claudio Nuber & Patrick Velte, 2021. "Board gender diversity and carbon emissions: European evidence on curvilinear relationships and critical mass," Business Strategy and the Environment, Wiley Blackwell, vol. 30(4), pages 1958-1992, May.
    8. Soonchul Hyun & Jong Min Kim & Jeongsoo Han & Mark Anderson, 2022. "Female executive leadership and corporate social responsibility," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 62(3), pages 3475-3511, September.
    9. Kirsten Burkhardt & Pascal Nguyen & Evelyne Poincelot, 2020. "Agents of change: Women in top management and corporate environmental performance," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 27(4), pages 1591-1604, July.
    10. Sara Saggese & Fabrizia Sarto & Riccardo Viganò, 2021. "Do women directors contribute to R&D? The role of critical mass and expert power," Journal of Management & Governance, Springer;Accademia Italiana di Economia Aziendale (AIDEA), vol. 25(2), pages 593-623, June.
    11. Saleh F. A. Khatib & Dewi Fariha Abdullah & Ahmed A. Elamer & Raed Abueid, 2021. "Nudging toward diversity in the boardroom: A systematic literature review of board diversity of financial institutions," Business Strategy and the Environment, Wiley Blackwell, vol. 30(2), pages 985-1002, February.
    12. Isabel‐María García‐Sánchez & Valentina Minutiello & Patrizia Tettamanzi, 2022. "Gender disclosure: The impact of peer behaviour and the firm's equality policies," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 29(2), pages 385-405, March.
    13. Beloskar, Ved Dilip & Haldar, Arunima & Gupta, Anupama, 2024. "Gender equality and women’s empowerment: A bibliometric review of the literature on SDG 5 through the management lens," Journal of Business Research, Elsevier, vol. 172(C).
    14. Abou-El-Sood, Heba, 2021. "Board gender diversity, power, and bank risk taking," International Review of Financial Analysis, Elsevier, vol. 75(C).
    15. Francesco Gangi & Lucia Michela Daniele & Nicola Varrone & Francesca Vicentini & Maria Coscia, 2021. "Equity mutual funds' interest in the environmental, social and governance policies of target firms: Does gender diversity in management teams matter?," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 28(3), pages 1018-1031, May.
    16. María‐Florencia Amorelli & Isabel‐María García‐Sánchez, 2023. "Leadership in heels: Women on boards and sustainability in times of COVID‐19," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 30(4), pages 1987-2010, July.
    17. Giuliana Birindelli & Antonia Patrizia Iannuzzi & Marco Savioli, 2019. "The impact of women leaders on environmental performance: Evidence on gender diversity in banks," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 26(6), pages 1485-1499, November.
    18. Adams, Kweku & Attah-Boakye, Rexford & Yu, Honglan & Johansson, Jeaneth & Njoya, Eric Tchouamou, 2023. "Female board representation and coupled open innovation: Evidence from emerging market multinational enterprises," Technovation, Elsevier, vol. 124(C).
    19. Pochara Arayakarnkul & Pattanaporn Chatjuthamard & Sirimon Treepongkaruna, 2022. "Board gender diversity, corporate social commitment and sustainability," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 29(5), pages 1706-1721, September.
    20. Sudipta Bose & Sarowar Hossain & Abdus Sobhan & Karen Handley, 2022. "Does female participation in strategic decision‐making roles matter for corporate social responsibility performance?," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 62(3), pages 4109-4156, September.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:jbrese:v:157:y:2023:i:c:s0148296322010475. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/jbusres .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.