Jurnal Ekonomi, Bisnis dan Kewirausahaan (JEBIK)
Vol. 15 No. 1 (2026): Jurnal Ekonomi Bisnis dan Kewirausahaan (JEBIK): Article in Progress

ROLE OF WOMEN BOARD MEMBERS ON FIRM RENEWABLE ENERGY TRANSFORMATION IN ASIAN COUNTRIES

Annas, Khoirul (Unknown)
Setyowati, Arum (Unknown)
Nugroho, Linggar Ikhsan (Unknown)



Article Info

Publish Date
28 Aug 2026

Abstract

The increasing public attention to climate change has encouraged companies to be more environmentally responsible. The board members greatly influence the company’s environmental responsibility practices and investments. In Asian culture, women leaders are often stereotyped as more diligent, honest, collaborative, empathetic, and ethical than men. This study examines the impact of the role of women board members in Renewable Energy Consumption in Asia. Using secondary data from the LSEG Refinitiv DataStream, this study analyzes an unbalanced panel of 4,164 energy firm observations across 12 Asian countries over the 2014–2023 period using a fixed-effects panel regression model. Our findings indicate that the number of women on board significantly increases firms’ renewable energy transformation. The existence of women leaders encourages companies to adopt renewable energy to behave ethically and responsibly in environmental practices. The result remains consistent when the sample set is analyzed based on the country’s development status, which aligns with gender socialization theory. Insights are provided to firm decision-makers and regulators in Asian countries that the presence of women on boards is important in achieving sustainability goals. JEL: D22, L20.

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Journal Info

Abbrev

JJ

Publisher

Subject

Economics, Econometrics & Finance

Description

Jurnal Ekonomi, Bisnis dan Kewirausahaan (JEBIK) or Journal of Economics, Business and Entrepreneurship is a national, open access, peer-reviewed academic journal, which is published by Faculty of Economics and Business, Universitas Tanjungpura. As a medium of communication for academics, ...