Females on Board, Stakeholder Orientation, and ESG Disclosure: An Evidence From the Tourism and Transportation Industries
研究了旅游和运输业中董事会性别多样性对ESG披露的影响，发现女性董事比例越高，ESG披露越好，且在股东导向国家和运输业中更显著。
ABSTRACT In the tourism and transportation (T&T) industries, female directors' contributions are undervalued despite the strong emphasis on board gender diversity in management research. We investigate whether the impact of multiple board gender diversity measures on environmental, social, and governance (ESG) practices varies between shareholder‐ and stakeholder‐oriented countries and between T&T industries, drawing on insights from both managerial and psychological perspectives. Using an international sample of 790 firm‐year observations representing 79 listed firms from 16 countries, we find that gender diversity is positively associated with ESG disclosure practices, and this relationship is more pronounced in shareholder‐oriented countries and the transportation sector. These insights culminate in an integrated theoretical framework that challenges traditional governance paradigms and highlights the essential role of board gender diversity in fostering sustainability. By emphasizing the contributions of female leadership to ESG disclosure practices, this research offers valuable policy implications and practical strategies for enhancing gender diversity within T&T industries.