Alan Bandeira Pinheiro, Nágela Bianca do Prado and Gustavo Hermínio Salati Marcondes de Moraes
The aim of this article is to develop an original framework that explores how the adoption of diversity and inclusion policies mediates the relationship between board composition…
Abstract
Purpose
The aim of this article is to develop an original framework that explores how the adoption of diversity and inclusion policies mediates the relationship between board composition and market value.
Design/methodology/approach
Using secondary data from the Refinitiv Eikon database, 413 Latin American publicly traded companies were analyzed from 2018 to 2021. Three independent variables related to board composition were used. Firstly, they were tested as antecedents of diversity in organizations. Secondly, diversity was tested as a driver of market capitalization. Multivariate analysis was applied, and discussions were anchored in upper echelons theory.
Findings
The empirical results presented evidence that board size and independence positively affect diversity policies and program development in organizations. On one hand, in our analyses, gender diversity lost significance. On the other hand, findings reveal that companies that develop more diversity and inclusion policies tend to have a higher value in terms of market capitalization.
Originality/value
We propose a hierarchy process for firms to reach value, starting with board composition’s influence on diversity and, in a second stage, the diversity as a driver for market capitalization. Furthermore, although prior research has examined the relationship between diversity and firm performance, there is a research gap regarding emerging countries.
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Keywords
David Kofi Wuaku, Samuel Koomson, Ernest Mensah Abraham, Ummu Markwei and Joan-Ark Manu Agyapong
In the past few years, researchers across the world have been attracted to corporate governance (CG) and sustainability studies in the banking space. However, inconsistencies…
Abstract
Purpose
In the past few years, researchers across the world have been attracted to corporate governance (CG) and sustainability studies in the banking space. However, inconsistencies remain, which have created a lack of alignment in existing research. To address this problem, this paper aims to re-examines the CG–bank sustainability relationship using a qualitative design, which has been underused in the field, to generate in-depth, useful and novel analysis and insights that may hide behind the numbers.
Design/methodology/approach
A qualitative inquiry was conducted using key informants in Ghana’s banking industry. This study made use of purposive and snowball sampling techniques, an interview guide and the thematic approach to qualitative data analysis.
Findings
Firstly, this research finds that while larger boards do not promote bank sustainability, those who are independent and have diversified expertise and experiences do. Secondly, CEO duality can boost bank sustainability only if the CEO is actively engaged and performing. Thirdly, this study finds that foreign-owned and managed banks make more profits only if they have good knowledge of the local market.
Research limitations/implications
This research makes the call that upcoming researchers should replicate this research in other banking settings worldwide to validate the results.
Practical implications
Practical lessons for local and foreign-owned banks and their shareholders are discussed to advance the United Nations’ Sustainable Development Goal 8.
Originality/value
This research shares novel insights that offer clarity to the literature and move the CG and sustainability fields forward.
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Heather Downey, Hannah Barbour, Joanne Adams and Evelien Spelten
The impact of climate change on Australian freshwater ecosystems has been clearly acknowledged, yet little is known about how climate change affects Australian freshwater tourism…
Abstract
Purpose
The impact of climate change on Australian freshwater ecosystems has been clearly acknowledged, yet little is known about how climate change affects Australian freshwater tourism. This rapid review of the literature aimed to explore this pressing issue using lenses of environmental, social and economic justice.
Design/methodology/approach
A systematic search of electronic databases and available grey literature was completed in February 2023. Database searching identified 417 records. After removal of 36 duplicates, 381 records were screened, with 336 articles excluded. Another four publications were identified through hand-searching and a final review of 20 publications was completed in May 2023.
Findings
Very few publications examined climate change impacts on Australian freshwater tourism, and there was a paucity of Indigenous-led research despite increased recognition of Indigenous water rights. Publications observing freshwater tourism’s vulner ability to climate change, particularly in the Murray Darling Basin, emphasised inaction and communities’ unpreparedness despite long-term acknowledgment of this issue.
Originality/value
This is the first review of literature that addresses climate change and Australian freshwater tourism. Research that centres Indigenous cultural knowledge of Country and is codesigned with rural communities is required to understand and respond to the urgency of climate change impacts on freshwater ecosystems and communities.