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Gender Diversity and Environmental, Social, and Governance: Unlocking Solutions to Corporate Risk
Mohammed W.A. Saleh, Sajead Mowafaq Alshdaifat, Mohammad Fawzi Shubita, Marwan Mansour, Abdalwali Lutfi. Business Strategy & Development, 2025-03-01
Topic: Risk, prevention and care in population studies
ABSTRACT This study examines the relationship between Environmental, Social, and Governance (ESG) practices and corporate risk in Asian countries, emphasizing the moderating role of board gender diversity (BGD). Using a panel dataset of 15,496 observations from Asian firms between 2008 and 2020, the analysis employs the Generalized Method of Moments (GMM) model to address potential endogeneity issues. The findings indicate that stronger ESG practices significantly reduce corporate risk, enhance financial stability, and mitigate regulatory and market volatility exposure. Furthermore, the results highlight that higher BGD amplifies this risk‐reduction effect, suggesting that diverse boards contribute to better decision‐making and risk management. Policy Implications: These findings underscore the importance of regulatory frameworks that encourage ESG adoption and board diversity. Policymakers should incentivize companies to integrate ESG principles and implement gender diversity policies, such as board quotas or disclosure requirements, to enhance corporate resilience and sustainable economic growth.
Cite this study APA, Vancouver, BibTeX · download .bib or .ris
APA 7th
Saleh, M. W., Alshdaifat, S. M., Shubita, M. F., Mansour, M., & Lutfi, A. (2025). Gender Diversity and Environmental, Social, and Governance: Unlocking Solutions to Corporate Risk. Business Strategy & Development. https://doi.org/10.1002/bsd2.70097
Vancouver
Saleh MW, Alshdaifat SM, Shubita MF, Mansour M, Lutfi A. Gender Diversity and Environmental, Social, and Governance: Unlocking Solutions to Corporate Risk. Business Strategy & Development. 2025. doi:10.1002/bsd2.70097.
BibTeX
@article{saleh2025-9a9c6c2e,
author = {Saleh, Mohammed W.A. and Alshdaifat, Sajead Mowafaq and Shubita, Mohammad Fawzi and Mansour, Marwan and Lutfi, Abdalwali},
title = {{Gender Diversity and Environmental, Social, and Governance: Unlocking Solutions to Corporate Risk}},
journal = {Business Strategy \& Development},
year = {2025},
doi = {10.1002/bsd2.70097},
url = {https://doi.org/10.1002/bsd2.70097}
}
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Key findings
- The findings indicate that stronger ESG practices significantly reduce corporate risk, enhance financial stability, and mitigate regulatory and market volatility exposure.
- Furthermore, the results highlight that higher BGD amplifies this risk‐reduction effect, suggesting that diverse boards contribute to better decision‐making and risk management.
- Policy Implications: These findings underscore the importance of regulatory frameworks that encourage ESG adoption and board diversity.
Why it matters
This study is about ESG practices, board gender diversity and corporate risk in Asian firms and contains no information on Alzheimer's disease. It reports no findings relevant to treating, curing or preventing dementia.
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Study details
- Evidence strengthLow
How this study scored 46/100
Published in a peer-reviewed journal. Scored zero for study design, sample size, effect reported, studied in people and randomised / blinded because the record does not state it.
| Component | Points | Why |
|---|---|---|
| Journal tier | 7 / 10 | Tier 3 — peer-reviewed journal (Business Strategy & Development) |
| Journal's citation record | 0 / 4 | Business Strategy & Development: journal h-index 50 (OpenAlex, 2026-10-29) |
| Study design | 0 / 12 | No study design recorded — scores zero, not guessed (not stated in the record — scored 0) |
| Strength of evidence | 1 / 5 | Rated “low” in our summary |
| Peer-review validation | 10 / 10 | Peer-reviewed. Published as an article in a named peer-reviewed journal. |
| How recent | 4 / 5 | 2025 — within 3 year(s) of the newest study here |
| Sample size | 0 / 4 | Participant count not stated — scores zero (not stated in the record — scored 0) |
| Effect reported | 0 / 3 | No effect size reported — scores zero (not stated in the record — scored 0) |
| Studied in people | 0 / 3 | Not stated whether this was studied in people — scores zero (not stated in the record — scored 0) |
| Randomised / blinded | 0 / 2 | No randomisation or blinding stated — scores zero (not stated in the record — scored 0) |
| Times cited | 5 / 7 | Cited 117 times (OpenAlex, 2026-10-10) |
| Citations per year | 4 / 5 | 39.0 citations a year over 3 year(s) since 2025 |
| Impact for its field and year | 6 / 6 | Cited 222.2× the average for papers of its field and year (OpenAlex FWCI) |
| Cited by studies here | 0 / 6 | No other study in this library cites it |
| Still being cited | 3 / 4 | Cited 117 times in 2024–2026 (2026 still in progress; OpenAlex) |
| Senior author's track record | 3 / 4 | Last-listed author Abdalwali Lutfi: h-index 53 (OpenAlex, whole career) |
| Institution's track record | 0 / 3 | Applied Science Private University: institution h-index 130 (OpenAlex) |
| Multi-centre collaboration | 2 / 3 | OpenAlex lists 6 institution(s) in 2 countries |
| Indexed in PubMed | 1 / 2 | Not in PubMed, but has a DOI |
| Free to read | 0 / 2 | Behind a paywall — scores zero |
| Total | 46 / 100 | — |
What each of these 20 components measures, and what this score is not →
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