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Board composition and environmental innovation: does gender diversity matter?

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  • Fabrice Galia
  • Emmanuel Zenou
  • Marc Ingham

Abstract

This article aims at providing a better understanding of the link between board diversity and environmental innovation. In this perspective, we explore the relationship between several types of diversity in board composition (gender diversity, age diversity, and proportion of employee directors) and the probability and intensity of environmental benefits of innovation, from a sample of 142 French innovative firms based on data from French Community Innovation Survey (CIS) in 2008. Data from board composition have been drawn from annual reports. Our results show significant evidence of a positive relationship between environmental innovation and gender diversity as well as a positive relationship between environmental innovation and age diversity, and a negative relationship with the proportion of employee directors. These findings provide discussions for the impact of diversity in board composition on environmental benefits of innovation.

Suggested Citation

  • Fabrice Galia & Emmanuel Zenou & Marc Ingham, 2015. "Board composition and environmental innovation: does gender diversity matter?," International Journal of Entrepreneurship and Small Business, Inderscience Enterprises Ltd, vol. 24(1), pages 117-141.
    • Handle: RePEc:ids:ijesbu:v:24:y:2015:i:1:p:117-141
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    Cited by:

    1. Emma García-Meca & M. Camino Ramón-Llorens & Jennifer Martínez-Ferrero, 2024. "Feminine expertise on board and environmental innovation: the role of critical mass," Review of Managerial Science, Springer, vol. 18(8), pages 2255-2286, August.
    2. Séverine Le Loarne Lemaire & Meriam Razgallah & Adnane Maalaoui & Sascha Kraus, 2022. "Becoming a green entrepreneur: An advanced entrepreneurial cognition model based on a practiced-based approach," International Entrepreneurship and Management Journal, Springer, vol. 18(2), pages 801-828, June.
    3. Yousaf, Umair Bin & Ullah, Irfan & Jiang, Junchen & Wang, Man, 2022. "The role of board capital in driving green innovation: Evidence from China," Journal of Behavioral and Experimental Finance, Elsevier, vol. 35(C).
    4. Guy Parmentier & Séverine Leloarne-Lemaire & Mustapha Belkhouja, 2017. "Female Creativity in Organizations: What is the Impact of Team Composition in Terms of Gender during Ideation Processes? [La creatividad de las mujeres en las organizaciones: ¿Cuál es el impacto de," Post-Print hal-01700895, HAL.
    5. Patrick Velte, 2024. "Sustainable board governance and environmental performance: European evidence," Business Strategy and the Environment, Wiley Blackwell, vol. 33(4), pages 3397-3421, May.
    6. Marco Traversi & Mariasole Bannò & Emilia Filippi, 2024. "The role of the cultural context in moderating the effect between the presence of women directors and firm environmental innovation," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 31(5), pages 3685-3702, September.
    7. Guy Parmentier & Séverine Leloarne-Lemaire & Mustapha Belkhouja, 2017. "Female Creativity in Organizations: What is the Impact of Team Composition in Terms of Gender during Ideation Processes? [La creatividad de las mujeres en las organizaciones: ¿Cuál es el impacto de," Grenoble Ecole de Management (Post-Print) hal-01700895, HAL.
    8. Dhir, Amandeep & Khan, Sher Jahan & Islam, Nazrul & Ractham, Peter & Meenakshi, N., 2023. "Drivers of sustainable business model innovations. An upper echelon theory perspective," Technological Forecasting and Social Change, Elsevier, vol. 191(C).
    9. Ayman Issa & Nasrine Bensalem, 2023. "Are gender‐diverse boards eco‐innovative? The mediating role of corporate social responsibility strategy," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 30(2), pages 742-754, March.
    10. Elena Meliá-Martí & Guillermina Tormo-Carbó & Juan Francisco Juliá-Igual, 2020. "Does Gender Diversity Affect Performance in Agri-Food Cooperatives? A Moderated Model," Sustainability, MDPI, vol. 12(16), pages 1-27, August.
    11. Akshita Arora & Khaoula Aliani, 2024. "Nexus between corporate environmental disclosures and gender diversity: Interaction effects of board independence," Business Strategy and the Environment, Wiley Blackwell, vol. 33(2), pages 1113-1128, February.
    12. Meriam Attia & Ouidad Yousfi & AbdelWahed Omri, 2024. "Does Nomination Committee Matter for Innovation?," Journal of Information Economics, Anser Press, vol. 2(1), pages 33-59, March.
    13. Isabel‐María García‐Sánchez & Isabel Gallego‐Álvarez & José‐Luis Zafra‐Gómez, 2021. "Do independent, female and specialist directors promote eco‐innovation and eco‐design in agri‐food firms?," Business Strategy and the Environment, Wiley Blackwell, vol. 30(2), pages 1136-1152, February.
    14. Khine Kyaw & Sirimon Treepongkaruna & Pornsit Jiraporn, 2022. "Board gender diversity and environmental emissions," Business Strategy and the Environment, Wiley Blackwell, vol. 31(7), pages 2871-2881, November.
    15. Jasmin Joecks & Kerstin Pull & Katrin Scharfenkamp, 2023. "Women directors and firm innovation: The role of women directors' representative function," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 44(2), pages 1203-1214, March.
    16. 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.
    17. Kyunga Na & Kwangsoo Shin, 2019. "The Gender Effect on a Firm’s Innovative Activities in the Emerging Economies," Sustainability, MDPI, vol. 11(7), pages 1-24, April.
    18. Dewan Muktadir‐Al‐Mukit & Firoz Haroon Bhaiyat, 2024. "Impact of corporate governance diversity on carbon emission under environmental policy via the mandatory nonfinancial reporting regulation," Business Strategy and the Environment, Wiley Blackwell, vol. 33(2), pages 1397-1417, February.
    19. Tanaya Saha & Avik Sinha & Shujaat Abbas, 2022. "Green financing of eco-innovations: is the gender inclusivity taken care of?," Economic Research-Ekonomska Istraživanja, Taylor & Francis Journals, vol. 35(1), pages 5514-5535, December.
    20. Kuzey, Cemil & Fritz, Morgane M.C. & Uyar, Ali & Karaman, Abdullah S., 2022. "Board gender diversity, CSR strategy, and eco-friendly initiatives in the transportation and logistics sector," International Journal of Production Economics, Elsevier, vol. 247(C).
    21. Brinette, Souad & Benkraiem, Ramzi & Khemiri, Sabrina, 2024. "Does directors’ educational background influence financing innovation through corporate venture capital investments? Evidence from France," Finance Research Letters, Elsevier, vol. 60(C).
    22. Lakhal, Faten & Hamrouni, Amal & Jilani, Ibtissem & Mahjoub, Imen & Benkraiem, Ramzi, 2024. "The power of inclusion: Does leadership gender diversity promote corporate and green innovation?," Research in International Business and Finance, Elsevier, vol. 67(PA).
    23. Zeineb Ouni & Jamal Ben Mansour & Sana Arfaoui, 2022. "Corporate Governance and Financial Performance: The Interplay of Board Gender Diversity and Intellectual Capital," Sustainability, MDPI, vol. 14(22), pages 1-22, November.
    24. Umair Bin Yousaf & Muhammad Zubair Tauni & Imran Yousaf & Nancy Lixin Su, 2024. "Board competence and green innovation—Does external governance matter?," Business Strategy and the Environment, Wiley Blackwell, vol. 33(4), pages 3078-3102, May.

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