Article
Green & Sustainable Science & Technology
Sohail Ahmad Javeed, Rashid Latief, Xiang Cai, Tze San Ong, Sun Qian, Ahsan Ul Haq
Summary: This study investigates the impact of the board sustainable committee, gender diversity, and ownership concentration on corporate social responsibility. It finds that the board sustainable committee and gender diversity play significant roles in improving corporate social responsibility, while ownership concentration also has a positive effect on corporate social responsibility.
JOURNAL OF CLEANER PRODUCTION
(2022)
Article
Green & Sustainable Science & Technology
Grigoris Giannarakis, Andreas Andronikidis, Constantin Zopounidis, Nikolaos Sariannidis, Konstantinos P. Tsagarakis
Summary: This paper aims to enhance the understanding of the diffusion of the Corporate Social Responsibility (CSR) report standard. It investigates the main determinants influencing the decision to publish CSR reports according to Global Reporting Initiative (GRI) guidelines. Two different samples of US and European listed companies were used. The results have important implications for shareholders, board of directors, socially responsible investors, and regulators.
SUSTAINABLE PRODUCTION AND CONSUMPTION
(2023)
Article
Development Studies
Patrick Velte
Summary: This study examines the influence of sustainable corporate governance on the materiality disclosure quality in integrated reporting. The results show that board gender diversity and sustainability-related executive compensation are significantly positively linked to materiality disclosure quality, while the implementation of sustainability committees does not affect it. Additionally, the CEO power weakens the link between sustainable corporate governance variables and materiality disclosure quality.
SUSTAINABLE DEVELOPMENT
(2022)
Article
Psychology, Multidisciplinary
Riffat Shaheen, Hailan Yang, Muhammad Yaseen Bhutto, Hussaini Bala, Fahad Najeeb Khan
Summary: The study found that companies with female directors and executives with political connections are more likely to issue CSR reports, and companies with both gender diversity and political connections on their boards are more likely to engage in CSR reporting. The results suggest that female directors have a stronger relationship with CSR reporting in politically embedded firms.
FRONTIERS IN PSYCHOLOGY
(2021)
Article
Business
Sitara Karim, Muhammad Abubakr Naeem, Rusmawati Binti Ismail
Summary: The study examines the impact of ownership structure and board characteristics on firm value, and the moderating effects of board gender and ethnic diversity on this relationship. The findings reveal a weak linkage between ownership structure and firm value, while board characteristics significantly affect firm performance. The moderating effects of board gender and ethnic diversity on ownership structure, board characteristics, and performance nexus show mixed evidence.
INTERNATIONAL JOURNAL OF EMERGING MARKETS
(2022)
Article
Business
Khwaja Naveed, Fahad Khalid, Cosmina L. Voinea, Nadine Roijakkers, Cosmin Fratostiteanu
Summary: This study examines the changing relationship between board gender diversity (BGD) and corporate environmental commitment (CEC) in the context of Chinese listed firms. It investigates the moderating effect of coercive, normative, and mimetic pressures on this relationship and confirms a positive association between BGD and CEC. The findings highlight the importance of subnational institutional pressures in shaping this relationship.
BUSINESS STRATEGY AND THE ENVIRONMENT
(2023)
Article
Economics
Qurat Ul Ain, Xianghui Yuan, Hafiz Mustansar Javaid, Muhammad Naeem
Summary: This study found a positive relationship between women directors and a firm's sustainable growth rate, particularly more effective in legal-person-controlled firms. Women independent directors have a stronger influence than women executive directors, and board gender diversity with three or more female directors substantially affects firms' sustainable growth.
ECONOMIC RESEARCH-EKONOMSKA ISTRAZIVANJA
(2022)
Article
Business, Finance
Todd A. Gormley, Vishal K. Gupta, David A. Matsa, Sandra C. Mortal, Lukai Yang
Summary: In 2017, The Big Three institutional investors launched campaigns to increase gender diversity on corporate boards. We estimate that their campaigns led American corporations to add at least 2.5 times as many female directors in 2019 as they had in 2016. Firms increased diversity by identifying candidates beyond managers' existing networks and by placing less emphasis on candidates' executive experience. Firms also promoted more female directors to key board positions, indicating firms' responses went beyond tokenism. Our results highlight index investors' ability to effectuate broad-based governance changes and the impact of investor buy-in in increasing corporate-leadership diversity.
JOURNAL OF FINANCIAL ECONOMICS
(2023)
Article
Social Sciences, Interdisciplinary
Qurat Ul Ain, Xianghui Yuan, Hafiz Mustansar Javaid, Jinkai Zhao, Li Xiang
Summary: This study examines the relationship between gender diversity on the board and dividend payouts in China, finding a positive association especially when the board has three or more female directors. Independent female directors drive dividend payouts, while female executive directors do not have a significant impact. Gender diversity has a greater impact on dividend payouts for state-owned enterprises compared to non-state-owned enterprises.
Article
Green & Sustainable Science & Technology
Zijian Liu, Lian Cai, Yabin Zhang
Summary: This paper investigates the impact of director gender diversity and ownership structure on corporate environmental performance, finding that the improvements fade as the proportion of female directors increases, while the relationship between director gender diversity and environmental performance is stronger in state-owned enterprises.
Article
Business
Ishwar Khatri
Summary: This study examines the relationship between board gender diversity and sustainability performance in 205 Nordic-listed firms from Denmark, Finland, Norway, and Sweden during the period 2002-2020. Based on gender social role theory and upper echelons theory, the results show a positive and significant association between board gender diversity and sustainability performance. Furthermore, the study finds that having a critical mass of at least 30% of women on boards is necessary to have a significant impact on sustainability performance. The association between board gender diversity and sustainability performance is also more pronounced in the carbon-intensive industry subsample.
CORPORATE SOCIAL RESPONSIBILITY AND ENVIRONMENTAL MANAGEMENT
(2023)
Article
Business
Pallab Kumar Biswas, Larelle Chapple, Helen Roberts, Kevin Stainback
Summary: This study examines the influence of women's board representation on the proportion of women senior managers in the UK from 1999 to 2019. The findings suggest that increasing the number of women on boards is associated with more women in senior management, particularly when there are three or more women directors on the board.
JOURNAL OF BUSINESS ETHICS
(2023)
Article
Business, Finance
Jennifer Brodmann, Ashrafee Hossain, Meghna Singhvi
Summary: This study examines the impact of CEO power on board gender diversity and finds that CEO power has a positive influence. The results remain robust in various tests and the association is most effectively influenced by factors such as board size, board age, and institutional ownership.
FINANCE RESEARCH LETTERS
(2022)
Article
Business
Huseyin Temiz, Merve Acar
Summary: This study explores the relationship between board gender diversity, national secrecy culture, and firms' CSR disclosure in an international context. Using a sample of 14,185 firm-year observations from 43 countries during 2010-2019, the study finds a positive association between board gender diversity and CSR disclosure, while national secrecy levels have a negative impact on CSR disclosure. However, the presence of female directors on the board mitigates the suppressive effect of secrecy culture on CSR disclosure. The findings highlight the importance of internal governance mechanisms, specifically board gender diversity, in attenuating the influence of national secrecy culture on CSR disclosure.
CORPORATE SOCIAL RESPONSIBILITY AND ENVIRONMENTAL MANAGEMENT
(2023)
Article
Economics
Ines Kahloul, Hicham Sbai, Jocelyn Grira
Summary: This study examines the relationship between CSR reporting and financial performance, and finds a neutral effect and a negative effect, supported by the trade-off hypothesis. It also reveals the positive moderating role of board gender diversity on the relationship, indicating that CSR reporting enhances corporate financial performance.
QUARTERLY REVIEW OF ECONOMICS AND FINANCE
(2022)
Article
Hospitality, Leisure, Sport & Tourism
Dlawar Mahdi Hadi, Muhammad Abubakr Naeem, Sitara Karim
Summary: This study examines the connectedness of US tourism subsectors and the influence of financial and economic indicators using the time-varying vector autoregressions technique. The findings suggest that hotels, transportation, and recreational sectors transmit more volatility spillovers to other subsectors. The study also highlights the positive impact of financial and economic uncertainties on the connectedness of US tourism subsectors.
CURRENT ISSUES IN TOURISM
(2023)
Article
Environmental Sciences
Mobeen Ur Rehman, Muhammad Abubakr Naeem, Nasir Ahmad, Xuan Vinh Vo
Summary: We examine the presence of dependence among 51 energy markets classified into different regions from Jan 2007 to June 2021 using standard and threshold dependence measures. Our findings highlight strong dependence between energy markets within and across regions. European and American markets are highly connected in the long-run, while Asia-Pacific and African markets offer diversification opportunities. Short- and long-run dependence exist between Chinese and Hong Kong markets, as well as between US and Canadian markets. The study also reveals increased dependence across all energy markets during different crisis periods.
ENVIRONMENTAL SCIENCE AND POLLUTION RESEARCH
(2023)
Article
Thermodynamics
Muhammad Abubakr Naeem, Mobeen Ur Rehman, Nasir Ahmad, Xuan Vinh Vo, Sitara Karim
Summary: This paper examines the presence of spillover among regional energy markets in various regions, and finds heterogeneous results for spillover between these markets. The study reports both positive and negative returns spillover and identifies a significant increase in spillover during different crisis periods, supporting the contagion phenomena. Furthermore, the research highlights the asymmetry in short- and long-run spillover and the differences in spillover patterns between normal and crisis periods. These findings have implications for investment strategies in regional energy markets under different market conditions and investment periods.
INTERNATIONAL JOURNAL OF GREEN ENERGY
(2023)
Article
Economics
Saqib Farid, Sitara Karim, Muhammad A. Naeem, Rabindra Nepal, Tooraj Jamasb
Summary: In the context of the recent covid-19 pandemic, there is a renewed interest in understanding the relationship between dirty and clean energies. This study examines the co-movement structure between clean energy stocks and dirty energies before and during the covid-19 outbreak using a large sample of dirty energies and clean energy sector proxies. The findings reveal weak linkages between clean energy equities and dirty energies in the short-run, but occasional high comovements in the long-run. There is also a distinct decoupling effect between dirty and clean energy markets, with clean energy being relatively isolated during the pandemic crisis.
Article
Business, Finance
Sitara Karim, Muhammad Abubakr Naeem, Muhammad Shafiullah, Brian M. Lucey, Sania Ashraf
Summary: This study investigates the relationship between climate policy uncertainty and energy metals using a novel technique called cross-quantilogram. The findings reveal a significant connection between climate policy uncertainty and energy metals in terms of reducing carbon emissions, as well as the diversification benefits of energy metals over longer time periods. The insights derived from this study are valuable for practitioners, investors, and scholars.
FINANCE RESEARCH LETTERS
(2023)
Article
Business
Michael Appiah, Mingxing Li, Muhammad Abubakr Naeem, Sitara Karim
Summary: This study examines the effectiveness of environmental policy in reducing ecological footprint while considering the roles of renewable energy and innovation. Employing a cross-sectional autoregressive distributed lags to analyze panel data of 29 OECD countries from 1990 to 2020, the study finds that environmental policy significantly reduces ecological footprint among OECD countries, with its efficacy contingent upon bio-capacity surplus/deficit and the level of industrialization. The study also reveals that renewable energy has a favourable impact on ecological footprint reduction, while innovation improves the environmental quality of OECD countries. However, population density and industrialization were found to decrease and increase ecological footprint, respectively. The study's findings demonstrate bi-directional causation between ecological footprint and all variables except for economic growth, and are robust under the conditions of short-run heterogeneity, long-run homogeneity, and cross-sectional dependence.
TECHNOLOGICAL FORECASTING AND SOCIAL CHANGE
(2023)
Article
Economics
Muhammad Abubakr Naeem, Raazia Gul, Saqib Farid, Sitara Karim, Brian M. Lucey
Summary: This study explores the dependence between cryptocurrencies and the alternative energy market through a network approach using data from January 1, 2018, to December 23, 2021. By constructing a static dependency network and a minimum spanning tree, we find that clean alternative markets and ETH act as risk transmitters and system-wide net contributors. We also demonstrate the significant role of SPGCE in connecting the networks and provide strong evidence of time-varying within-system dependency. This research offers valuable insights for macroprudential regulators, policymakers, and portfolio managers to protect vulnerable markets and make informed decisions in unpredictable financial and economic conditions.
JOURNAL OF ECONOMIC BEHAVIOR & ORGANIZATION
(2023)
Article
Business, Finance
Mustafa Raza Rabbani, M. Kabir Hassan, Syed Ahsan Jamil, Mohammad Sahabuddin, Muneer Shaik
Summary: This study analyzes the impact of geopolitical risk on Sukuk, Islamic and composite stocks, oil and gold markets. The findings suggest that geopolitical risk played a leading role during the COVID-19 and Russia-Ukraine conflict period. The study also utilizes wavelet-based approaches to analyze the data and provides insights on return rates and risk.
MANAGERIAL FINANCE
(2023)
Article
Business, Finance
Najaf Iqbal, Muhammad Abubakr Naeem, Sitara Karim, Muhammad Haseeb
Summary: This study examines the crash risk connectedness among 13 commodity markets and finds that the connectedness is most significant in the aftermath of COVID-19. The findings suggest that commodity investors diversify crash risk by choosing commodities from different groups rather than within the same group.
EUROPEAN JOURNAL OF FINANCE
(2023)
Article
Business, Finance
Muhammad Abubakr Naeem, Ioannis Chatziantoniou, David Gabauer, Sitara Karim
Summary: This study examines the contemporaneous transmission mechanism across the G20 stock market returns using a novel R2 connectedness framework. The findings show that this transmission mechanism is heterogeneous over time and dependent on economic events. The study also discusses measures of connectedness during different crisis periods and dynamic net total directional connectedness measures. The findings are important for investors and portfolio managers.
INTERNATIONAL REVIEW OF FINANCIAL ANALYSIS
(2024)
Article
Hospitality, Leisure, Sport & Tourism
Muhammad Abubakr Naeem, Nadia Arfaoui, Sitara Karim, Weng Marc Lim
Summary: This study explores the asymmetric connectedness in tourism markets, revealing the prominent negative return spillovers during major events. The findings offer valuable implications for stakeholders in regional and country-level tourism markets.
CURRENT ISSUES IN TOURISM
(2023)
Article
Business, Finance
Muhammad Abubakr Naeem, Sitara Karim, Mustafa Raza Rabbani, Abu Bashar, Satish Kumar
Summary: This study provides a comprehensive analysis of the current state and future directions of green and sustainable finance through bibliometric analysis. The findings suggest that the key areas of focus include socially responsible investments, green finance, and climate finance. The study's findings are important for policymakers, regulatory bodies, scholars, and investors.
QUALITATIVE RESEARCH IN FINANCIAL MARKETS
(2023)
Article
Business
Sitara Karim, Norlida Abdul Manab, Rusmawati Binti Ismail
Summary: This article investigates the joint impact of corporate governance mechanisms and corporate social responsibility (CSR) practice on firm performance, as well as the moderating role of board independence. The findings suggest that return on assets (ROA) is a better determinant of firm performance than Tobin's Q. Ownership concentration, managerial ownership, and money spent on CSR negatively affect ROA, but have an insignificant relationship with Tobin's Q. Additionally, board independence negatively moderates the relationship between governance-CSR and firm performance.
GLOBAL BUSINESS REVIEW
(2023)
