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Corporate Governance and Sustainability in the Healthcare Industry. The Impact of Diversity and Transparency on Social and Environmental Performance

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  • Petrică-Dumitru BECHEȘ

    (National University of Political Studies and Public Administration, Bucharest, Romania)

Abstract

This study explores the relationship between corporate governance, focusing on board size, board independence, board gender diversity and CEO duality as key indicators, and its impact on the social and environmental performance of companies in the healthcare industry. The research uses secondary data from the Refinitiv Eikon database, covering 6,550 companies from 2020-2024, using descriptive statistics, correlation matrix, and multiple regression models to analyse the connection between corporate governance and social and environmental performance. The findings show that corporate governance characteristics significantly influence sustainability performance, gender diversity, and board size, these issues being positively related with improved social and environmental outcomes. Additionally, the study highlights the importance of corporate governance mechanisms in mitigating issues like greenwashing and enhancing transparency in sustainability reporting.

Suggested Citation

  • Petrică-Dumitru BECHEȘ, 2025. "Corporate Governance and Sustainability in the Healthcare Industry. The Impact of Diversity and Transparency on Social and Environmental Performance," CECCAR Business Review, Body of Expert and Licensed Accountants of Romania (CECCAR), vol. 6(3), pages 2-14, March.
    • Handle: RePEc:ahd:journl:v:6:y:2025:i:3:p:2-14
    DOI: 10.37945/cbr.2025.03.01
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    More about this item

    Keywords

    corporate governance; social performance; environmental performance; healthcare industry;
    All these keywords.

    JEL classification:

    • G30 - Financial Economics - - Corporate Finance and Governance - - - General
    • Q01 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General - - - Sustainable Development
    • Q56 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth
    • M14 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Corporate Culture; Diversity; Social Responsibility
    • I10 - Health, Education, and Welfare - - Health - - - General
    • I15 - Health, Education, and Welfare - - Health - - - Health and Economic Development

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