TY - JOUR
T1 - Does Older Mean Better? Analyses of Boards' Influence on Sustainability Performance
AU - Donkor, Augustine
AU - Appiagyei, Kwadjo
AU - Yorke, Sally Mingle
AU - Gyapong, Ernest
N1 - Publisher Copyright:
© 2024 ERP Environment and John Wiley & Sons Ltd.
PY - 2025/2
Y1 - 2025/2
N2 - This study examines the influence of board generational cohorts on firms' sustainability performance (FSP) and the critical mass of directors within the different cohorts that influences FSP. We find that while Boomers have a positive influence on FSP, Traditionalist, GenX and GenY members are less concerned about FSP. Additionally, older cohorts (Traditionalists and Boomers) require three directors to exert their respective influence on FSP, whereas GenX and GenY require two or more and one director, respectively. Furthermore, the presence of Boomers may mitigate the limited focus of other generational cohorts on FSP. By identifying that not all cohorts in the older generation have a positive influence on FSP, that boomers may help mitigate the negative influence of other cohorts and the critical mass for which each cohort establishes an influence, we inform firms and policy makers on the mix of cohorts on the board that may enhance FSP.
AB - This study examines the influence of board generational cohorts on firms' sustainability performance (FSP) and the critical mass of directors within the different cohorts that influences FSP. We find that while Boomers have a positive influence on FSP, Traditionalist, GenX and GenY members are less concerned about FSP. Additionally, older cohorts (Traditionalists and Boomers) require three directors to exert their respective influence on FSP, whereas GenX and GenY require two or more and one director, respectively. Furthermore, the presence of Boomers may mitigate the limited focus of other generational cohorts on FSP. By identifying that not all cohorts in the older generation have a positive influence on FSP, that boomers may help mitigate the negative influence of other cohorts and the critical mass for which each cohort establishes an influence, we inform firms and policy makers on the mix of cohorts on the board that may enhance FSP.
KW - board of directors
KW - critical mass
KW - generational cohort
KW - quantile distribution
KW - sustainability performance
UR - http://www.scopus.com/inward/record.url?scp=85211223259&partnerID=8YFLogxK
U2 - 10.1002/bse.4083
DO - 10.1002/bse.4083
M3 - Article
AN - SCOPUS:85211223259
SN - 0964-4733
VL - 34
SP - 1949
EP - 1971
JO - Business Strategy and the Environment
JF - Business Strategy and the Environment
IS - 2
ER -