Board Diversity and Environmental Performance with a Focus on Moderating Effect of Board Independence

Iranian Journal of Accounting, Auditing and Finance

مقالات آماده انتشار، پذیرفته شده، انتشار آنلاین از تاریخ 17 اسفند 1403

نوع مقاله: Original Article

شناسه دیجیتال (DOI): 10.22067/ijaaf.2025.90688.1503

نویسندگان

Sohrab Osta^{* 1}؛ Nasim Parveen²

¹Department of Accounting, Ilam University, Ilam, Iran

²Master's student in Management Accounting, Ilam Universit, Ilam, Iran.

چکیده

Purpose: The present study was to investigate the relationship between board diversity and environmental performance with much emphasis on the moderating effect of board independence in this context.

Methods: Four research hypotheses were tested and analyzed using the data from 108 companies listed on the Tehran Stock Exchange (TSE), Tehran, Iran, during 2018- 2023 (including 648 company-year observations) through Logistic Regression (LR). Environmental performance refers to the extent to which a company pays attention to the impacts of its operations on environmental pollution and was assessed through three operational components in the form of an environmental performance checklist.

Findings: The study results established a significant positive relationship between age and tenure diversity and environmental performance in the companies listed on the TSE, Tehran, Iran. However, no significant relationship was found between gender diversity and environmental performance. As well, board independence and tenure diversity had moderating effects in the relationship between age diversity and environmental performance, but board independence could not moderate the relationship between gender diversity and environmental performance.

Originality/Value: The findings of this study make valuable implications for understanding how board diversity can serve as a driver for the environmental performance issue.

کلیدواژه‌ها

Board Diversity؛ Environmental Performance؛ Board Independence