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Article
Publication date: 14 May 2024

Rabia Najaf, Alice Chin, Agnes Chin, Khakan Najaf and Jeyanthi Thuraisingham

This study aims to examine the association between women on board and business performance. It also aims to investigate the impact of corporate social responsibility (CSR) and…

Abstract

Purpose

This study aims to examine the association between women on board and business performance. It also aims to investigate the impact of corporate social responsibility (CSR) and female directors on stock prices, including the function of female directors in moderating the CSR–market performance link that ultimately provides valuable insights into the impact of gender diversity on corporate boards.

Design/methodology/approach

Data from US publicly listed firms between 2000 and 2018 were collected and analysed using OLS regression, median regression, M-estimator regression and MM-estimator regression at 70% and 95% efficiency. In this study, firm market value was measured through Tobin’s Q, board diversity with ISS database and CSR strength and concern with the KLD database.

Findings

The results indicated that CSR positively impacts market performance by 3.1%, female board representation positively influences market performance by 4.8% and female board members strengthen the CSR–market performance relationship by 1.0% while playing a moderating role. Overall, these studies demonstrated the significance of female boards of directors for enhancing market performance.

Research limitations/implications

This study used the data of US-listed firms from 2000 to 2018. The results have contributed to the ongoing discussion about the importance of gender diversity in boards and its influence on firm success. Further research works are suggested to expand the analysis by including other countries or considering additional factors that may influence the association between CSR, board representation of women and market share.

Practical implications

This study is essential for investors, legislators and CSR institutions in developed countries. The favourable impact of female board presence on market performance and the enhancement of the CSR–market performance relationship highlight the necessity of encouraging gender diversity on boards of directors and CSR activities.

Social implications

This study emphasises the significance of gender balance on corporate boards in solving important social challenges including climate change, resource scarcity and gender equality. Companies can actively assist in addressing global issues and improving the well-being of stakeholders by promoting gender-diverse boards and encouraging CSR efforts.

Originality/value

To the best of the authors’ knowledge, this study is the first study demonstrating that gender diversity on corporate boards moderates the significant association between CSR performance and profitability in the USA. It has contributed to the expanding body of information regarding the moderating influence of female directors on firm value and stronger evidence for female directors in the governance of businesses.

Details

foresight, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 1463-6689

Keywords

Open Access
Article
Publication date: 20 July 2021

Rabia Najaf and Khakan Najaf

The purpose of this paper is to examine and explain the complex interrelationships which influence the performance of politically connected firms to create value for their…

3795

Abstract

Purpose

The purpose of this paper is to examine and explain the complex interrelationships which influence the performance of politically connected firms to create value for their providers of finance and other stakeholders. In doing so, it examines the interrelationships between efficiency and delivering on corporate performance of a firm with political ties.

Design/methodology/approach

The authors gathered the literature from the Scopus website. They reviewed the literature of 58 manuscripts about the efficiency and performance of politically connected firms.

Findings

The research finds that the better quality of efficiency of politically connected firms is positively related to the corporate performance of politically connected firms. The authors’ theoretical findings corroborate the political theory, agency theory, stakeholder theory, resource dependency theory and stewardship theory. These theories prove that political connections have an impact on firm performance as a politician reinforces the efficacy. To better understand the effect of political connections on solid performance due to efficiency, this study classifies various efficiencies and links them with political ties.

Research limitations/implications

Several avenues of research are suggested to examine further the interrelationships identified.

Practical implications

The authors’ conceptual findings are valuable for institutional investors, policymakers and stakeholders. To sum up, all theoretical shreds of evidence prove that politically connected firms can enhance performance via efficiency.

Originality/value

The paper conceptualizes the efficiency and performance interrelationships of politically connected firms. The extant literature comparison allows an assessment of the extent to which different efficiency contexts lead to differences in performance.

Details

Journal of Business and Socio-economic Development, vol. 1 no. 2
Type: Research Article
ISSN: 2635-1374

Keywords

Article
Publication date: 4 October 2022

Mojtaba Labibzadeh, Farhad Bostan Shirin and Amin Khajehdezfuly

This study aims to investigate the effects of using circular spirals as the longitudinal reinforcing bars on the performance of the concrete beams subjected to four-point bending…

Abstract

Purpose

This study aims to investigate the effects of using circular spirals as the longitudinal reinforcing bars on the performance of the concrete beams subjected to four-point bending load.

Design/methodology/approach

The effects of using circular spirals as the longitudinal reinforcing bars on the performance of the concrete beams subjected to four-point bending load are investigated in this study. Employing circular spirals as the main longitudinal reinforcement is a novel idea presented in this paper. In this regard, a finite element model of the beam with spiral longitudinal reinforcement was developed. After model verification, several configurations of concrete beams reinforced by longitudinal spirals were simulated under the four-point loading condition.

Findings

Obtained results showed that using the longitudinal spirals in place of the conventional longitudinal reinforcing bars can improve the bearing capacity of the concrete beam, but at the same time, increases its ductility unacceptably. In other words, the spirals reduce the initial stiffness of the beam significantly. To solve the problem, the authors decided to use the longitudinal spirals as the auxiliary bars added to the main conventional longitudinal bars in the beams. New gained results were satisfactory. By adding the longitudinal spirals to the conventional bars, not only the bearing capacity of the beam increases between 24% and 63%, but also the initial stiffness and ductility of the beam raises between 11%–29% and 3%–57%, respectively, in comparison to the corresponding beam reinforced with conventional longitudinal bars.

Originality/value

Employing circular spirals as the main longitudinal reinforcement is a novel idea presented in this paper.

Details

International Journal of Structural Integrity, vol. 13 no. 6
Type: Research Article
ISSN: 1757-9864

Keywords

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