OTS - Women in upper management increase sustainability
2022. February 16. 09:00
Vienna, 16 February, 2022 (APA/OTS) - Multinational companies and
their top management have a special role to play in achieving the
Sustainable Development Goals (SDGs). A team of researchers from WU
(Vienna University of Economics and Business) and Copenhagen
Business School has found that women in upper management at major
companies have a particularly positive effect on the achievement of
the SDGs.
In their study, Valentin Kiefner and Alexander Mohr from WU's
Institute for International Business and Christian Schumacher from
Copenhagen Business School examined how much of an effect the
proportion of women in the upper management of over 400 US
companies has on these companies' support for the Sustainable
Development Goals.
Previous research has shown that female managers often act more
responsibly than their male counterparts. With this in mind, the
researchers investigated whether a higher proportion of female
executives on the board of directors is associated with more
sustainable corporate strategies. The results of the study confirm
this correlation. The authors explain this by suggesting that
female executives are not only intrinsically more interested in
sustainability goals, but are also subject to higher expectations
from external stakeholders due to stereotypical perceptions of
women in management.
Background
The Sustainable Development Goals, formulated by the United
Nations in 2015, are meant to be achieved by 2030 and include, for
example, the worldwide eradication of poverty and hunger.
Multinational companies play an important role in achieving these
goals, and it is important to find out what can motivate them to
act more sustainably and responsibly.
The study
Alexander Mohr, Christian Schumacher, Valentin Kiefner: "Female
executives and multinationals' support of the UN's Sustainable
Development Goals"
The study was published in the Journal of World Business. Click
here to read the paper:
https://www.sciencedirect.com/science/article/pii/S1090951621001152
Contact:
Alexander Vieß
Research Communication
WU (Vienna University of Economics and Business)
Tel.: + 43-1-31336-5478
Email: alexander.viess@wu.ac.at
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