ESG Controversies and Firm Value: Moderating Role of Board Gender Diversity and Board Independence

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dc.authoridDidin Sonmez, Fatma/0000-0002-6643-6646|brinette, souad/0000-0002-6940-798X
dc.authorwosidTournus, Pinar/KBD-2597-2024
dc.authorwosidDidin Sonmez, Fatma/HSA-6336-2023
dc.contributor.authorBrinette, Souad
dc.contributor.authorSonmez, Fatma Didin
dc.contributor.authorTournus, Pinar Sener
dc.date.accessioned2024-07-18T20:47:27Z
dc.date.available2024-07-18T20:47:27Z
dc.date.issued2024
dc.departmentİstanbul Bilgi Üniversitesien_US
dc.description.abstractDespite the growing attention given to environmental, social and governance (ESG) practices, little is known about the financial implications of bad social performance. Hence, this article aims to investigate the impact of ESG controversies on firm value and the moderating effects of board gender diversity and board independence on this relationship. This article uses 1205 firm-year observations relating to 119 French companies listed on the CAC All-Tradable Index over the 2007-2021 period and employs fixed effects estimation. The results show a negative and significant relationship between ESG controversies and firm value. The findings also demonstrate that board gender diversity and board independence allow firms to mitigate the negative effects of controversies on firm value. Overall, our findings offer valuable insights to managers of firms engaged in ESG activities and emphasize the difficulty of restoring the relationships with stakeholders.en_US
dc.identifier.doi10.1109/TEM.2023.3236667
dc.identifier.endpage4307en_US
dc.identifier.issn0018-9391
dc.identifier.issn1558-0040
dc.identifier.scopus2-s2.0-85148448282en_US
dc.identifier.scopusqualityQ1en_US
dc.identifier.startpage4298en_US
dc.identifier.urihttps://doi.org/10.1109/TEM.2023.3236667
dc.identifier.urihttps://hdl.handle.net/11411/7792
dc.identifier.volume71en_US
dc.identifier.wosWOS:001127503300001en_US
dc.identifier.wosqualityN/Aen_US
dc.indekslendigikaynakWeb of Scienceen_US
dc.indekslendigikaynakScopusen_US
dc.language.isoenen_US
dc.publisherIEEE-Inst Electrical Electronics Engineers Incen_US
dc.relation.ispartofIeee Transactions on Engineering Managementen_US
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/closedAccessen_US
dc.subjectBoard Gender Diversityen_US
dc.subjectBoard İndependenceen_US
dc.subjectCorporate Social Responsibility (Csr)en_US
dc.subjectEnvironmental, Social And Governance (Esg) Controversiesen_US
dc.subjectFirm Valueen_US
dc.subjectSustainabilityen_US
dc.subjectCorporate Social-Responsibilityen_US
dc.subjectEnvironmental Disclosureen_US
dc.subjectPerformanceen_US
dc.subjectWomenen_US
dc.subjectDirectorsen_US
dc.subjectManagementen_US
dc.subjectCsren_US
dc.subjectGovernanceen_US
dc.subjectOwnershipen_US
dc.subjectDynamicsen_US
dc.titleESG Controversies and Firm Value: Moderating Role of Board Gender Diversity and Board Independence
dc.typeArticle

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