Board Gender Diversity and ESG Disclosure: Does Board Meeting Attendance Matters?
Table 7: Simultaneous Quantile Regression Results (Cont.) 50
| 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 | 0.435 (0.000)*** | 0.507 (0.000)*** | 0.363 (0.000)*** | 0.187 (0.000)*** | 1.649 (0.000)*** | 1.861 (0.000)*** | 1.762 (0.000)*** | 0.207 (0.485) |
| BMAT | 18.472 (0.000)*** | 12.008 (0.003)*** | 12.703 (0.012)** | 7.841 (0.001)*** | 39.526 (0.000)*** | 38.578 (0.000)*** | 43.307(0.000)*** | 8.513 (0.192) |
| CMASS | -2.067 (0.116) | -1.268 (0.479) | -1.044 (0.222) | -0.056 (0.913) | -17.886 (0.018)** | -18.658 (0.062)* | -8.564 (0.275) | 1.212 (0.755) |
| FEMCEO | 2.375 (0.083)* | 2.299 (0.338) | 0.983 (0.700) | 0.324 (0.845) | -33.634 (0.003)*** | -58.13 (0.000)*** | -36.151 (0.055)* | -18.023 (0.152) |
| FEMCHAIR | -2.841 (0.202) | -3.956 (0.047)** | -0.327 (0.935) | -0.344 (0.711) | 34.191 (0.040)** | 71.175 (0.013)** | 5.916 (0.871) | 14.622 (0.253) |
| BGD*BMAT | -1.447 (0.000)*** | -1.621 (0.001)*** | -1.74 (0.006)*** | -0.018 (0.961) | ||||
| CMASS*BMAT | 18.685 (0.036)** | 20.302 (0.052)* | 9.331 (0.350) | -1.732 (0.728) | ||||
| FEMCEO*BMAT | 42.603 (0.001)*** | 73.197 (0.000)*** | 46.883 (0.059)* | 22.496 (0.138) | ||||
| FEMCHAIR*BMAT | -42.294 (0.024)** | -87.364 (0.006)*** | -9.900 (0.827) | -19.194 (0.226) | ||||
| CEODUALITY | 1.738 (0.054)* | 3.658 (0.000)*** | 1.016 (0.245) | 0.781 (0.083)* | 1.742 (0.015)** | 3.607 (0.001)*** | 0.745 (0.361) | 0.850 (0.028) |
| BSIZE | 2.122 (0.000)*** | 2.835 (0.000)*** | 1.596 (0.000)*** | 0.903 (0.000)*** | 2.274 (0.000)*** | 2.886 (0.000)*** | 1.672 (0.000)*** | 0.909 (0.000)*** |
| FSIZE | -3.643 (0.000)*** | -5.471 (0.000)*** | -2.698 (0.000)*** | -1.509 (0.000)*** | -3.673 (0.000)*** | -5.526 (0.000)*** | -2.321 (0.000)*** | -1.574 (0.000)*** |
| INDPDIR | 0.361 (0.000)*** | 0.441 (0.000)*** | 0.271 (0.000)*** | 0.162 (0.000)*** | 0.341 (0.000)*** | 0.456 (0.000)*** | 0.295 (0.000)*** | 0.163 (0.000)*** |
| CONS | -27.524 (0.000)*** | -41.223 (0.000)*** | -16.002 (0.017)** | 31.271 (0.000)*** | -44.86 (0.000)*** | -64.466 (0.000)*** | -44.731 (0.000)*** | 30.803 (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. | ||||||||