<abstract xmlns="http://www.w3.org/1999/xhtml">

<p>The purpose of this study is to address the emerging concept of women on boards as a solution to breaking gender barriers in boardrooms and its influence on sustainability reporting in Sri Lankan companies. The study aims to explore the relationship between the representation of women on boards and sustainability reporting, while also investigating the potential role of gender diversity in promoting sustainability in social, economic, and environmental spheres. The research adopts a comparative approach to examine the degree of women on boards and the level of sustainability reporting in Sri Lanka. The study utilizes the resource dependency theory, contingency theory, and agency theory as theoretical frameworks to analyze the association between women directors on boards and sustainability performance. Archival data from the highest market capitalization companies during the period of 2016 to 2019 is collected from audited annual financial statements. The study reveals a significant positive relationship between the presence of women on boards and sustainability reporting in Sri Lanka. It addresses the empirical and contextual gaps in this area, providing valuable insights into the positive impact of gender diversity on corporate sustainability practices in the Sri Lankan context. The research emphasizes the pragmatic solution of including women’s voices in the boardroom to foster gender diversity and create an interest in sustainability, which is an emerging trend in the country. Overall, this study adds valuable knowledge to the fields of corporate governance, gender diversity, and sustainability reporting.</p>
</abstract>

The purpose of this study is to address the emerging concept of women on boards as a solution to breaking gender barriers in boardrooms and its influence on sustainability reporting in Sri Lankan companies. The study aims to explore the relationship between the representation of women on boards and sustainability reporting, while also investigating the potential role of gender diversity in promoting sustainability in social, economic, and environmental spheres. The research adopts a comparative approach to examine the degree of women on boards and the level of sustainability reporting in Sri Lanka. The study utilizes the resource dependency theory, contingency theory, and agency theory as theoretical frameworks to analyze the association between women directors on boards and sustainability performance. Archival data from the highest market capitalization companies during the period of 2016 to 2019 is collected from audited annual financial statements. The study reveals a significant positive relationship between the presence of women on boards and sustainability reporting in Sri Lanka. It addresses the empirical and contextual gaps in this area, providing valuable insights into the positive impact of gender diversity on corporate sustainability practices in the Sri Lankan context. The research emphasizes the pragmatic solution of including women’s voices in the boardroom to foster gender diversity and create an interest in sustainability, which is an emerging trend in the country. Overall, this study adds valuable knowledge to the fields of corporate governance, gender diversity, and sustainability reporting.

Corporate Sustainability Through the Presence of Women in Boards: Empirical Evidence from Developing Economy

HOLISTICA – Journal of Business and Public Administration

This work is licensed under the Creative Commons Attribution 4.0 International License.

The purpose of this study is to address the emerging concept of women on boards as a solution to breaking gender barriers in boardrooms and its influence on...

Corporate Sustainability Through the Presence of Women in Boards: Empirical Evidence from Developing Economy

Publié en ligne: 14 déc. 2023

Pages: 82 - 96

Reçu: 01 nov. 2023

Accepté: 01 nov. 2023

DOI: https://doi.org/10.2478/hjbpa-2023-0017

Mots clés
Women in Boards, Corporate Sustainability Reporting, Critical Mass Concept

© 2023 Dilrukshi Fernando et al., published by Sciendo

This work is licensed under the Creative Commons Attribution 4.0 International License.

Corporate Sustainability Through the Presence of Women in Boards: Empirical Evidence from Developing Economy

Publié en ligne: 14 déc. 2023

Pages: 82 - 96

Reçu: 01 nov. 2023

Accepté: 01 nov. 2023

DOI: https://doi.org/10.2478/hjbpa-2023-0017

Mots clésWomen in Boards, Corporate Sustainability Reporting, Critical Mass Concept

© 2023 Dilrukshi Fernando et al., published by Sciendo

This work is licensed under the Creative Commons Attribution 4.0 International License.

Mots clés
Women in Boards, Corporate Sustainability Reporting, Critical Mass Concept