Powered by OpenAIRE graph
Found an issue? Give us feedback
ZENODOarrow_drop_down
ZENODO
Article . 2026
License: CC BY
Data sources: Datacite
ZENODO
Article . 2026
License: CC BY
Data sources: Datacite
ZENODO
Article . 2026
License: CC BY
Data sources: Datacite
ZENODO
Article . 2026
License: CC BY
Data sources: Datacite
ZENODO
Article . 2026
License: CC BY
Data sources: Datacite
ZENODO
Article . 2026
License: CC BY
Data sources: Datacite
ZENODO
Article . 2026
License: CC BY
Data sources: Datacite
versions View all 7 versions
addClaim

THE IMPACT OF BOARD CHARACTERISTICS ON THE ENVIRONMENTAL, SOCIAL, AND GOVERNANCE (ESG) PERFORMANCE OF FRENCH LISTED COMPANIES

Authors: Ben Mbarek, Noura;

THE IMPACT OF BOARD CHARACTERISTICS ON THE ENVIRONMENTAL, SOCIAL, AND GOVERNANCE (ESG) PERFORMANCE OF FRENCH LISTED COMPANIES

Abstract

This study investigates the impact of board characteristics on the Environmental, Social, and Governance (ESG) performance of French listed companies. Grounded in a multi-theoretical framework integrating agency, resource dependence, legitimacy, and critical mass theories, we examine how board size, independence, gender diversity, and the presence of a sustainability committee influence ESG ratings. Using a panel dataset of 158 non-financial companies from the SBF 250 index over the period 2016-2024, we employ fixed-effects regression models with lagged governance variables to address endogeneity concerns. The results reveal that robust and diverse governance structures are fundamental drivers of superior ESG performance. Specifically, the presence of a dedicated sustainability committee and a critical mass of at least three female directors are identified as the most potent and consistent predictors of higher ESG scores. The analysis also confirms the value of independent oversight and collective knowledge, with both board independence and larger size demonstrating a significant positive influence on ESG ratings. The findings highlight that in France's distinctive stakeholder-oriented and highly regulated environment, deliberate board composition is essential for translating governance into tangible sustainability outcomes. This study provides actionable insights for corporate boards and validates the effectiveness of regulatory interventions aimed at enhancing corporate governance.

Keywords

ESG Ratings, Board Independence, Gender Diversity, Corporate Governance., ESG Ratings, Board Independence, Gender Diversity, Corporate Governance

  • BIP!
    Impact byBIP!
    selected citations
    These citations are derived from selected sources.
    This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
    0
    popularity
    This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
    Average
    influence
    This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
    Average
    impulse
    This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
    Average
Powered by OpenAIRE graph
Found an issue? Give us feedback
selected citations
These citations are derived from selected sources.
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
0
Average
Average
Average
Upload OA version
Are you the author of this publication? Upload your Open Access version to Zenodo!
It’s fast and easy, just two clicks!