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Beyond compliance: the business case for gender diversity on boards and sustainability reporting in India

Author

Listed:
  • Jagvinder Singh

    (University of Delhi)

  • Varda Sardana

    (Jaipuria Institute of Management)

  • Shubham Singhania

    (Jaipuria Institute of Management)

Abstract

Countries around the world have shown concerns towards the sustainability aspects of the firms for their long-term growth and survival. The representation of women directors on board is often looked as a positive sign for improving various governance related aspects. Based on this premise, the study investigated the relationship between gender diversity on board and sustainability reporting using a sample of 220 firms for a period of 5 years (2018–2022). The study used rigorous framework based on ESG scores developed by CRISIL to measure the sustainability reporting in the Indian context. The analysis was conducted with the help of dynamic panel data regression models, and it was found that gender diversity positively impacts corporate sustainability disclosure. The study is unique in the context of India which is an emerging economy and provides valuable suggestions for improving the governance and sustainability practices by firms in India.

Suggested Citation

  • Jagvinder Singh & Varda Sardana & Shubham Singhania, 2024. "Beyond compliance: the business case for gender diversity on boards and sustainability reporting in India," International Journal of System Assurance Engineering and Management, Springer;The Society for Reliability, Engineering Quality and Operations Management (SREQOM),India, and Division of Operation and Maintenance, Lulea University of Technology, Sweden, vol. 15(6), pages 2284-2293, June.
    • Handle: RePEc:spr:ijsaem:v:15:y:2024:i:6:d:10.1007_s13198-023-02242-2
    DOI: 10.1007/s13198-023-02242-2
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    Cited by:

    1. Pandey, Dharen Kumar & Kumari, Vineeta & Palma, Alessia & Goodell, John W., 2024. "Impact of ESG regulation on stock market returns: Investor responses to a reasonable assurance mandate," Finance Research Letters, Elsevier, vol. 64(C).

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    More about this item

    Keywords

    Gender diversity; Sustainability practices; Panel data techniques; GMM;
    All these keywords.

    JEL classification:

    • M14 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Corporate Culture; Diversity; Social Responsibility
    • G30 - Financial Economics - - Corporate Finance and Governance - - - General
    • G34 - Financial Economics - - Corporate Finance and Governance - - - Mergers; Acquisitions; Restructuring; Corporate Governance
    • G38 - Financial Economics - - Corporate Finance and Governance - - - Government Policy and Regulation
    • Q56 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth

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