RESEARCH ARTICLE
Gender Diversity and Environmental, Social, and Governance: Unlocking Solutions to Corporate Risk
Correction(s) for this article
-
Correction to “Gender Diversity and Environmental, Social, and Governance: Unlocking Solutions to Corporate Risk”
- Volume 8Issue 2Business Strategy & Development
- First Published online: April 2, 2025
Mohammed W. A. Saleh,
Sajead Mowafaq Alshdaifat,
Mohammad Fawzi Shubita,
Marwan Mansour,
Abdalwali Lutfi,
Corresponding Author
Mohammed W. A. Saleh
Department of Accounting and Auditing, Palestine Technical University—Kadoorie, Tulkarm, Palestine
Correspondence:
Mohammed W. A. Saleh ([email protected])
Search for more papers by this authorSajead Mowafaq Alshdaifat
Financial and Accounting Sciences Department, Faculty of Business, Middle East University, Amman, Jordan
Search for more papers by this authorMohammad Fawzi Shubita
Accounting Department, Faculty of Finance and Business, The World Islamic Science & Education University, Amman, Jordan
Search for more papers by this authorMarwan Mansour
Accounting Department, Business Faculty, Amman Arab University, Amman, Jordan
Jadara Research Center, Jadara University, Irbid, Jordan
Search for more papers by this authorAbdalwali Lutfi
College of Business Administration, The University of Kalba, Kalba, UAE
Applied Science Research Center, Applied Science Private University, Amman, Jordan
MEU Research Unit, Middle East University, Amman, Jordan
Search for more papers by this authorMohammed W. A. Saleh,
Sajead Mowafaq Alshdaifat,
Mohammad Fawzi Shubita,
Marwan Mansour,
Abdalwali Lutfi,
Corresponding Author
Mohammed W. A. Saleh
Department of Accounting and Auditing, Palestine Technical University—Kadoorie, Tulkarm, Palestine
Correspondence:
Mohammed W. A. Saleh ([email protected])
Search for more papers by this authorSajead Mowafaq Alshdaifat
Financial and Accounting Sciences Department, Faculty of Business, Middle East University, Amman, Jordan
Search for more papers by this authorMohammad Fawzi Shubita
Accounting Department, Faculty of Finance and Business, The World Islamic Science & Education University, Amman, Jordan
Search for more papers by this authorMarwan Mansour
Accounting Department, Business Faculty, Amman Arab University, Amman, Jordan
Jadara Research Center, Jadara University, Irbid, Jordan
Search for more papers by this authorAbdalwali Lutfi
College of Business Administration, The University of Kalba, Kalba, UAE
Applied Science Research Center, Applied Science Private University, Amman, Jordan
MEU Research Unit, Middle East University, Amman, Jordan
Search for more papers by this authorFunding: The authors received no specific funding for this work.
[Correction added on 26 March 2025, after first online publication: The first name of the second author has been corrected from ‘Sajed’ to ‘Sajead’ in this version.]
ABSTRACT
This study examines the relationship between Environmental, Social, and Governance (ESG) practices and corporate risk in Asian countries, emphasizing the moderating role of board gender diversity (BGD). Using a panel dataset of 15,496 observations from Asian firms between 2008 and 2020, the analysis employs the Generalized Method of Moments (GMM) model to address potential endogeneity issues. The findings indicate that stronger ESG practices significantly reduce corporate risk, enhance financial stability, and mitigate regulatory and market volatility exposure. Furthermore, the results highlight that higher BGD amplifies this risk-reduction effect, suggesting that diverse boards contribute to better decision-making and risk management. Policy Implications: These findings underscore the importance of regulatory frameworks that encourage ESG adoption and board diversity. Policymakers should incentivize companies to integrate ESG principles and implement gender diversity policies, such as board quotas or disclosure requirements, to enhance corporate resilience and sustainable economic growth.
Conflicts of Interest
The authors declare no conflicts of interest.
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