Board Gender Diversity and ESG Disclosure: Does Board Meeting Attendance Matters?
Table 6: Simultaneous Quantile Regression Results (Cont.) 25
| Direct Effect | Moderating Effect | |||||||
| Model 1 | Model 2 | Model 3 | Model 4 | Model 5 | Model 6 | Model 7 | Model 8 | |
| Exploratory Variables | DV= ESGD | DV= ENV | DV= SOC | DV= GOV | DV= ESGD | DV= ENV | DV= SOC | DV= GOV |
| BGD | 0.317 (0.000)*** | 0.394 (0.000)** | 0.167 (0.006)*** | 0.097 (0.000)*** | 1.117 (0.002)*** | 1.103 (0.015)** | 1.266 (0.004)*** | 0.262 (0.145) |
| BMAT | 8.844 (0.007)*** | 12.489 (0.006)*** | 8.245 (0.024)** | 6.404 (0.000)*** | 26.263 (0.001)*** | 22.234 (0.034)** | 32.968 (0.001)*** | 8.514 (0.030)** |
| CMASS | 0.639 (0.460) | -0.031 (0.985) | 0.950 (0.364) | -0.053 (0.926) | -12.836 (0.165) | -27.358 (0.000)*** | -0.1 (0.991) | -3.857 (0.333) |
| FEMCEO | 1.303 (0.488) | 1.891 (0.441) | 1.653 (0.499) | -0.563 (0.398) | -47.636 (0.028)** | -49.469 (0.013)** | -60.514 (0.028)** | -12.17 (0.159) |
| FEMCHAIR | -2.143 (0.176) | -2.881 (0.152) | -3.167 (0.291) | -0.627 (0.326) | 29.924 (0.024)** | 40.982 (0.003)*** | 24.942 (0.433) | 12.81 (0.174) |
| BGD*BMAT | -1.018 (0.027)** | -0.872 (0.116) | -1.29 (0.015)** | -0.216 (0.352) | ||||
| CMASS*BMAT | 16.685 (0.134) | 34.154 (0.000)*** | 0.637 (0.950) | 4.94 (0.319) | ||||
| FEMCEO*BMAT | 61.469 (0.020)** | 65.195 (0.009)*** | 75.855 (0.031)** | 14.274 (0.192) | ||||
| FEMCHAIR*BMAT | -39.692 (0.013)** | -53.55 (10.001)*** | -36.303 (0.366) | -15.875 (0.158) | ||||
| CEODUALITY | 1.922 (0.021)** | 2.8652 (0.000)*** | 0.210 (0.736) | 0.723 (0.013)** | 1.945 (0.010)*** | 2.817 (0.000)*** | 0.14 (0.799) | 0.737 (0.058) |
| BSIZE | 1.850 (0.000)*** | 2.6180 (0.000)*** | 1.449 (0.000)*** | 0.739 (0.000)*** | 1.789 (0.000)*** | 2.266 (0.000)*** | 1.512 (0.000)*** | 0.713 (0.000)*** |
| FSIZE | -3.040 (0.000)*** | -4.8766 (0.000)*** | -1.304 (0.000)*** | -0.966 (0.000)*** | -2.936 (0.000)*** | -4.259 (0.000)*** | -1.417 (0.001)*** | -1.005 (0.000)*** |
| INDPDIR | 0.231 (0.000)*** | 0.3792 (0.000)*** | 0.244 (0.000)*** | 0.113 (0.000)*** | .234 (0.000)*** | 0.25 (0.000)*** | 0.267 (0.000)*** | 0.117 (0.000)*** |
| CONS | -14.936 (0.001)*** | -30.1733 (0.000)*** | -18.947 (0.000)*** | 33.603 (0.000)*** | -28.486 (0.001)*** | -40.799 (0.000)*** | -41.716 (0.000)*** | 32.109 (0.000)*** |
| Notes: *p <0.10; **p <0.05; ***p <0.01 DV means dependent variable. Models 1,2 3, and 4 represent direct relationship. Whereas Models 5,6,7 and 8 shows moderation effect of Board meeting attendance. | ||||||||