Gender Composition of the Upper Echelons and Firm Sustainability Performance: an Examination of Istanbul Stock Exchange Companies

2020-01-01
Acar, Feride Pınar
Gözüm, Ayşe Gözde
The chapter examines the link between upper echelons gender composition and firm sustainability performance. Gender composition is considered as the level of women on TMTs and boards. Specifically, it is considered whether presence of three or more women on company boards as well as TMTs influence sustainability performance. Thereby, the study incorporates new theoretical developments by conceptualizing gender level using critical mass concept. The sample also consists of top performing 100 firms in Istanbul Stock Exchange (ISE) known as BIST 100. A dataset containing information of BIST 100 companies’ TMT members, board of directors, CEOs, as well as firm size, profitability, sustainability performance, and industry among others were constructed by using the data provided in PDP (Public Disclosure Platform). The findings of the study indicate that critical mass of women on board of directors is important for sustainability performance. In line with token theory and critical mass proposition, in the present sample, having three or more women directors on boards of directors improves the sustainability performance of companies.
Citation Formats
F. P. Acar and A. G. Gözüm, Gender Composition of the Upper Echelons and Firm Sustainability Performance: an Examination of Istanbul Stock Exchange Companies. 2020, p. 278.