Corporate Governance and Sustainability in the Healthcare Industry. The Impact of Diversity and Transparency on Social and Environmental Performance

This study explores the relationship between corporate governance, focusing on board size, board independence, board gender diversity and CEO duality as key indicators, and its impact on the social and environmental performance of companies in the healthcare industry. The research uses secondary dat...

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Main Author: Petrică-Dumitru BECHEȘ
Format: Article
Language:English
Published: The Body of Expert and Licensed Accountants of Romania 2025-04-01
Series:CECCAR Business Review
Subjects:
Online Access: https://www.ceccarbusinessreview.ro/corporate-governance-and-sustainability-in-the-healthcare-industry-the-impact-of-diversity-and-transparency-on-social-and-environmental-performance-a458d/download-PDF/
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author Petrică-Dumitru BECHEȘ
author_facet Petrică-Dumitru BECHEȘ
author_sort Petrică-Dumitru BECHEȘ
collection DOAJ
description This study explores the relationship between corporate governance, focusing on board size, board independence, board gender diversity and CEO duality as key indicators, and its impact on the social and environmental performance of companies in the healthcare industry. The research uses secondary data from the Refinitiv Eikon database, covering 6,550 companies from 2020-2024, using descriptive statistics, correlation matrix, and multiple regression models to analyse the connection between corporate governance and social and environmental performance. The findings show that corporate governance characteristics significantly influence sustainability performance, gender diversity, and board size, these issues being positively related with improved social and environmental outcomes. Additionally, the study highlights the importance of corporate governance mechanisms in mitigating issues like greenwashing and enhancing transparency in sustainability reporting.
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publisher The Body of Expert and Licensed Accountants of Romania
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spelling doaj-art-bd891cb0bc234decbb3f0d4ce0ba803e2025-08-20T03:14:05ZengThe Body of Expert and Licensed Accountants of RomaniaCECCAR Business Review2668-89212025-04-016321410.37945/cbr.2025.03.0126688921Corporate Governance and Sustainability in the Healthcare Industry. The Impact of Diversity and Transparency on Social and Environmental PerformancePetrică-Dumitru BECHEȘ0National University of Political Studies and Public Administration, Bucharest, RomaniaThis study explores the relationship between corporate governance, focusing on board size, board independence, board gender diversity and CEO duality as key indicators, and its impact on the social and environmental performance of companies in the healthcare industry. The research uses secondary data from the Refinitiv Eikon database, covering 6,550 companies from 2020-2024, using descriptive statistics, correlation matrix, and multiple regression models to analyse the connection between corporate governance and social and environmental performance. The findings show that corporate governance characteristics significantly influence sustainability performance, gender diversity, and board size, these issues being positively related with improved social and environmental outcomes. Additionally, the study highlights the importance of corporate governance mechanisms in mitigating issues like greenwashing and enhancing transparency in sustainability reporting. https://www.ceccarbusinessreview.ro/corporate-governance-and-sustainability-in-the-healthcare-industry-the-impact-of-diversity-and-transparency-on-social-and-environmental-performance-a458d/download-PDF/ corporate governancesocial performanceenvironmental performancehealthcare industry
spellingShingle Petrică-Dumitru BECHEȘ
Corporate Governance and Sustainability in the Healthcare Industry. The Impact of Diversity and Transparency on Social and Environmental Performance
CECCAR Business Review
corporate governance
social performance
environmental performance
healthcare industry
title Corporate Governance and Sustainability in the Healthcare Industry. The Impact of Diversity and Transparency on Social and Environmental Performance
title_full Corporate Governance and Sustainability in the Healthcare Industry. The Impact of Diversity and Transparency on Social and Environmental Performance
title_fullStr Corporate Governance and Sustainability in the Healthcare Industry. The Impact of Diversity and Transparency on Social and Environmental Performance
title_full_unstemmed Corporate Governance and Sustainability in the Healthcare Industry. The Impact of Diversity and Transparency on Social and Environmental Performance
title_short Corporate Governance and Sustainability in the Healthcare Industry. The Impact of Diversity and Transparency on Social and Environmental Performance
title_sort corporate governance and sustainability in the healthcare industry the impact of diversity and transparency on social and environmental performance
topic corporate governance
social performance
environmental performance
healthcare industry
url https://www.ceccarbusinessreview.ro/corporate-governance-and-sustainability-in-the-healthcare-industry-the-impact-of-diversity-and-transparency-on-social-and-environmental-performance-a458d/download-PDF/
work_keys_str_mv AT petricadumitrubeches corporategovernanceandsustainabilityinthehealthcareindustrytheimpactofdiversityandtransparencyonsocialandenvironmentalperformance