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Female directorship and ethical corporate governance disclosure practices in highly patriarchal contexts

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  • Areneke, Geofry
  • Adegbite, Emmanuel
  • Tunyi, Abongeh
  • Hussain, Tanveer

Abstract

We examine whether and to what extent female directors impact on ethical CG disclosure practices in a highly patriarchal sub-Saharan African country—Nigeria. Using hand-collected data for 108 listed firms from 2011 to 2017 (756 firm-year observations) and employing a system GMM model to control for endogeneity, we show that female directorship is positively and significantly associated with ethical CG disclosures. Our evidence suggests that, even within patriarchal societies where women face negative preconceptions and stereotypes about their leadership capabilities, firms with female directors disclose higher ethical CG practices than firms without such representation. Furthermore, the effectiveness of female directors in influencing ethical CG practices is positively enhanced by foreign directors and institutional shareholders but weakened in larger boardrooms. We also evidence that in firm-level configuration of CG bundle, female directorship is a substitute mechanism for leadership duality, larger boards, non-executive and foreign directorship.

Suggested Citation

  • Areneke, Geofry & Adegbite, Emmanuel & Tunyi, Abongeh & Hussain, Tanveer, 2023. "Female directorship and ethical corporate governance disclosure practices in highly patriarchal contexts," Journal of Business Research, Elsevier, vol. 164(C).
    • Handle: RePEc:eee:jbrese:v:164:y:2023:i:c:s0148296323003867
    DOI: 10.1016/j.jbusres.2023.114028
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    Citations

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    Cited by:

    1. Douglas A. Adu & Musa Mangena & Emmanuel Adegbite & Frank Boateng, 2026. "Green Banking Practices, Social, Health and Environmental Disclosures and Bank Financial Performance: The Role of Innovations and Corporate Governance," Business Strategy and the Environment, Wiley Blackwell, vol. 35(3), pages 4035-4056, March.
    2. Uyar, Ali & Goyal, Rita & Kakabadse, Nada & Jiraporn, Pornsit & Karaman, Abdullah S., 2026. "Board structure, R&D intensity and firm value relationship: Evidence from the Anglo-Saxon technology sector," Research in International Business and Finance, Elsevier, vol. 84(C).
    3. Muhammad Jameel Hussain & Tian Gaoliang & Khalil Hussain & Adeeb Alhebri & Fadoua Kouki, 2025. "Impact of female directors' foreign experience on green innovation: Evidence from China," Business Ethics, the Environment & Responsibility, John Wiley & Sons, Ltd., vol. 34(4), pages 1768-1786, October.
    4. Gibson Hosea Munisi, 2023. "Does nationality and gender of the board members influence corporate governance compliance? Evidence from selected Sub-Saharan Africa countries," SN Business & Economics, Springer, vol. 3(12), pages 1-36, December.
    5. Olayinka Oyekola & Olapeju C. Ogunmokun & Martha A. Omolo & Samuel Odewunmi, 2023. "Gender, Legal Origin, and Accounting Disclosure: Evidence from More Than 140,000 Firms," Discussion Papers 2313, University of Exeter, Department of Economics.
    6. Engy Elsayed Abdelhak & Khaled Hussainey, 2025. "The Impact of Audit Quality and Corporate Governance on Financial Segment Disclosure in Egypt," IJFS, MDPI, vol. 13(2), pages 1-24, April.
    7. Chen Chen & Ivan Ka Wai Lai & Tingyue Kuang, 2025. "A Systematic Literature Review of Female Leadership in Business (2014–2023)," SAGE Open, , vol. 15(2), pages 21582440251, May.
    8. Tanveer Hussain & Abongeh A. Tunyi & Jacob Agyemang, 2024. "Corporate governance transfers: the case of mergers and acquisitions," International Journal of Disclosure and Governance, Palgrave Macmillan, vol. 21(4), pages 543-567, December.
    9. Johan Hadisurya & Joni Joni & Tan Kwang En & Sinta Setiana, 2025. "How ESG and Gender Diversity Affect Firm Performance," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 32(3), pages 3181-3192, May.
    10. Satrio, Arif Budi, 2026. "Gender diversity, governance innovation, and sustainable corporate practices: Evidence from the two-tier board system," Innovation and Green Development, Elsevier, vol. 5(1).
    11. Maria Cristina Zaccone, 2024. "Unlocking sustainable governance: The role of women at the corporate apex," Business Ethics, the Environment & Responsibility, John Wiley & Sons, Ltd., vol. 33(4), pages 746-762, October.
    12. Sergey Sosnovskikh & Danila Valko & Raphael Meyer‐Alten, 2025. "Predictors of Sustainable Investment Motivation: An Interpretable Machine Learning Approach," Sustainable Development, John Wiley & Sons, Ltd., vol. 33(4), pages 5001-5018, August.

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