The Impact of Female Director Representation on Corporate ESG Rating Performance: An Empirical Study

DOI

10.2991/978-94-6463-506-5_25How to use a DOI?

Keywords

The proportion of female directors; ESG ratings; SynTao Green; Panel regression analysis

Abstract

Enhancing the green transition of enterprises constitutes a pivotal endeavor for the salubrious advancement of the Chinese economy. The integration of Environmental, Social, and Governance (ESG) concepts, alongside progressively refined rating methodologies, furnish an imperative tool for corporations to implement initiatives within these domains. Additionally, this framework offers investors more robust quantitative data to inform their decisions. This study, pivoting on the governance influence of female board members, leverages ESG ratings from SynTao Green to scrutinize data from companies listed on the Chinese A-share market over the period of 2018-2022. Employing panel data regression analysis, this investigation seeks to discern the impact imparted by the proportion of female directors on ESG ratings, and empirically study the effects that the representation of female directors has on the performance of ESG ratings of enterprises, specifically considering the nature and age of the enterprises. The findings suggest that the proportion of female directors affects the ESG ratings of enterprises. Specifically, the higher the proportion of female directors, the better the ESG rating performance of the company. Nevertheless, the influence exerted by the type of enterprise and the company age on the magnitude of the impact attributable to female directorship does not prove to be statistically significant.

Copyright

© 2024 The Author(s)

Open Access

Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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TY  - CONF
AU  - Xinyu Ma
PY  - 2024
DA  - 2024/09/02
TI  - The Impact of Female Director Representation on Corporate ESG Rating Performance: An Empirical Study
BT  - Proceedings of the 2024 4th International Conference on Enterprise Management and Economic Development (ICEMED 2024)
PB  - Atlantis Press
SP  - 217
EP  - 227
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-506-5_25
DO  - 10.2991/978-94-6463-506-5_25
ID  - Ma2024
ER  -