The board features and sustainability of Spanish listed firms

Authors

  • Inmaculada Bel Oms Profesora Titular Universidad. Universidad de Valencia

DOI:

https://doi.org/10.32826/reyf.v2i4.363

Keywords:

Independent Directors, Female Directors, Agency Theory, Board of Directors, Sustainability

Abstract

Purpose Increasingly, the board composition is an important determinant of environmental, social and governance performance. For this reason, the main goal of this study is to explore the influence of female and independent directors on the environmental, social and governance performance (ESG) of listed companies on the Madrid Stock Exchange.

Design/methodology/approach The sample consists of 150 non-financial companies listed on the Spanish continuous market for the period 2020-2022.

Results The main findings of the regression analysis show that the presence of female directors and independent male directors on corporate boards promotes environmental, social and governance performance.

Research limitations This study is focused on attributes of board of directors based on a sample of Spanish listed non-financial firms.

Originality/value Furthermore, the results obtained help to explain previous literature on corporate governance as well as sustainability and the samples obtained are relevant for researchers and academics.

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Published

2024-08-22

Issue

Vol. 2 No. 4 (2024): Revista de Economía y Finanzas (January - April 2024)

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