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All Journal Demography Journal of Sriwijaya Jurnal Ilmu Pemerintahan Widya Praja Jurnal Abdimas Mandiri Jurnal Pemerintahan dan Politik Academia Open Jurnal Syntax Transformation Tax Literacy and Leadership Agility: Indigenous Peoples Awareness in Paying Taxes Journal of Community Dedication Jurnal Administrasi Publik dan Bisnis (JaPaBis) Jurnal Administrasi Negara Jurnal Ilmiah Administrasi Dan Sosial
Lisa Mandasari
Fakultas Ilmu Sosial Dan Ilmu Politik, Universitas Sriwijaya
Agriculture, Biological Sciences & Forestry Arts Humanities Chemistry Civil Engineering, Building, Construction & Architecture Computer Science & IT Decision Sciences, Operations Research & Management Earth & Planetary Sciences Economics, Econometrics & Finance Education Environmental Science Languange, Linguistic, Communication & Media Law, Crime, Criminology & Criminal Justice Library & Information Science Medicine & Pharmacology Physics Social Sciences Other

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Journal : Academia Open

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Corporate Environmental Responsibility and Female Directors as Drivers of Firm Profitability Maryati, Sri; Pratiwi, Trie Sartika; Mandasari, Lisa
Academia Open Vol. 10 No. 2 (2025): December
Publisher : Universitas Muhammadiyah Sidoarjo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21070/acopen.10.2025.12747

Abstract

General background: The growing global concern for gender equality and environmental sustainability has encouraged companies to integrate inclusivity and ecological responsibility into their governance systems. Specific background: In Indonesia, the roles of female directors and corporate environmental responsibility engagement (CERE) are increasingly recognized as essential to strengthening corporate performance, yet their simultaneous influence remains insufficiently studied. Knowledge gap: Previous research has produced inconsistent results on how managerial ownership, gender diversity, and environmental engagement affect profitability, particularly in manufacturing firms. Aims: This study investigates the effects of CERE, managerial ownership structure, and the presence of female directors on firm performance among manufacturing companies listed on the Indonesia Stock Exchange for the period 2021–2023. Results: Using a quantitative method with Warp PLS and 243 firm-year observations, the findings indicate that both CERE and the presence of female directors significantly improve profitability, whereas managerial ownership structure shows no significant effect. Novelty: The study offers new insight by demonstrating that environmental responsibility and gender diversity jointly enhance performance regardless of ownership concentration. Implications: The results highlight the strategic importance of empowering women in leadership and implementing sustainable environmental practices to improve corporate outcomes in emerging markets. Highlights: Female directors and CERE significantly enhance firm profitability. Managerial ownership structure shows no significant effect on performance. Integrating gender diversity and environmental responsibility strengthens sustainable corporate growth. Keywords: Environmental Responsibility, Female Directors, Ownership, Profitability, Sustainability
Co-Authors ., Dian Anggraini, S.IP., M.Si Adhitya, Bimo Brata Amalia, Farissa Ardi Saputra Dian Anggraini Dian Anggraini Een Endasari Faiz Fadholi, Ahmad Khairunnisyah, Tuty M Thamrin Mirani, Dwi Pratiwi, Feny selly Pratiwi, Trie Sartika rianaa, ica Riza Adelia Suryani Sri Maryati Suryani, Riza Utami Putri, Aulia Yoyok Hendarso