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Executive Gender and Firm Environmental Management: Evidence from CFO Transitions

Author

Listed:
  • Bo Wang

    (Stuart School of Business, Illinois Institute of Technology, Chicago, IL 60661, USA)

  • Zehui Wang

    (Software College of Northeastern University, Shenyang 110169, China)

  • Jun Wen

    (School of Economics and Finance, Xi’an Jiaotong University, Xi’an 710049, China)

  • Xiaotian Tina Zhang

    (Department of Finance, School of Economics and Business Administration, Saint Mary’s College of California, Moraga, CA 94556, USA)

Abstract

We investigate whether female executives influence corporate environmental management (green management). Based on a difference-in-difference approach, our study provides evidence that female CFOs conduct more environmentally responsible activities, and the effects are more prominent when firms are of high risks. Female CFOs are more likely to involve in environmental management voluntarily. Further, environmental management improves firm performance such as debt cost saving. This research advances the gender diversity literature and suggests that female executives play an important role in corporate decisions and firm performance.

Suggested Citation

  • Bo Wang & Zehui Wang & Jun Wen & Xiaotian Tina Zhang, 2021. "Executive Gender and Firm Environmental Management: Evidence from CFO Transitions," Sustainability, MDPI, vol. 13(7), pages 1-14, March.
    • Handle: RePEc:gam:jsusta:v:13:y:2021:i:7:p:3653-:d:524029
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