Author, as appears in the article.: Ana Beatriz Hernández-Lara; Juan Pablo Gonzales-Bustos; Amado Alarcón-Alarcón

Department: Gestió d'Empreses

URV's Author/s: Alarcón Alarcón, Amado / Gonzales Bustos, Juan Pablo / Hernandez Lara, Ana Beatriz

Keywords: Social sustainability R& R&d Innovation Gender diversity Female family members D Corporate boards

Abstract: There is growing institutional and social pressure for greater balance, parity, and equality at the highest levels of corporations. This is coupled with an increasing interest in analysing the effects of gender diversity on corporate boards. However, companies may only reap the benefits of gender diversity by achieving better qualified and more independent boards. This study aims to contribute to the open debate on the effects of board gender diversity on R&D, by taking into account the independence of female directors. Panel regression analyses were performed with data for 67 Spanish-listed companies during the 2003–2019 period. Our results confirm the positive effects of gender diversity on R&D. However, this positive influence is lower if female directors have family links with male members on the board. These findings have policy implications, regarding the need to increase gender equality in corporate boards for social and sustainability purposes, while the benefits are conditioned by the independence of female directors. The value of this research rests on the study of the effects, beyond the mere analysis of financial performance of the gender diversity of boards.

Thematic Areas: Zootecnia / recursos pesqueiros Renewable energy, sustainability and the environment Medicina i Management, monitoring, policy and law Interdisciplinar Historia Hardware and architecture Green & sustainable science & technology Geography, planning and development Geografía Geociências Environmental studies Environmental sciences Environmental science (miscellaneous) Ensino Engenharias iii Engenharias ii Engenharias i Enfermagem Energy engineering and power technology Education Computer science (miscellaneous) Computer networks and communications Ciências agrárias i Building and construction Biotecnología Biodiversidade Arquitetura, urbanismo e design Arquitetura e urbanismo

licence for use: https://creativecommons.org/licenses/by/3.0/es/

Author's mail: juanpablo.gonzales@urv.cat anabeatriz.hernandez@urv.cat amado.alarcon@urv.cat amado.alarcon@urv.cat

Author identifier: 0000-0003-2356-5752 0000-0002-8110-9328 0000-0003-4640-2681 0000-0003-4640-2681

Record's date: 2023-08-05

Papper version: info:eu-repo/semantics/publishedVersion

Link to the original source: https://www.mdpi.com/2071-1050/13/4/1982

Licence document URL: http://repositori.urv.cat/ca/proteccio-de-dades/

Papper original source: Sustainability. 13 (4): 1-13

APA: Ana Beatriz Hernández-Lara; Juan Pablo Gonzales-Bustos; Amado Alarcón-Alarcón (2021). Social Sustainability on Corporate Boards: The Effects of Female Family Members on R&D . Sustainability, 13(4), 1-13. DOI: 10.3390/su13041982

Article's DOI: 10.3390/su13041982

Entity: Universitat Rovira i Virgili

Journal publication year: 2021

Publication Type: Journal Publications