The Relationship between Gender Diversity and Employee Representation at the Board Level and Non-Financial Performance: A Cross-Country Study

Kerstin Lopatta, Katarina Böttcher, Sumit K. Lodhia, Sebastian A. Tideman

Research output: Contribution to journalArticlepeer-review

13 Scopus citations

Abstract

This paper examines the relationship between the presence of employee representatives and female directors at the board level and a firm's environmental and corporate social responsibility (CSR) performance. Using an international sample of firms from 23 developed countries between 2001 and 2014, we provide evidence that the presence of labor representatives and a larger proportion of women as well as female labor representatives at the board level are positively related to CSR and environmental performance. Furthermore, we find no substitutional relationship between female board members and labor representation when we include an interaction term between the two. Our findings illustrate that the relevant legislation in some non-Anglo-Saxon countries is beneficial and could be introduced in Anglo-Saxon countries where employee representation rights are limited and female board members are still a minority.

Original languageEnglish (US)
Article number2050001
JournalInternational Journal of Accounting
DOIs
StateAccepted/In press - 2020
Externally publishedYes

Keywords

  • CSR
  • Codetermination
  • employee representation
  • environmental performance
  • gender diversity
  • two-tier board system

ASJC Scopus subject areas

  • Accounting
  • Finance

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