Abstract
Purpose – This systematic review examines how within-gender heterogeneity in board gender diversity, variation in female directors' observable and underlying attributes, relates to corporate sustainability outcomes, captured as ESG performance and ESG reporting. Design/methodology/approach – Guided by stakeholder–agency theory and an adapted Milliken and Martins' (1996) framework, we systematically searched EBSCO Business Source Complete and Web of Science. We included 70 English-language, peer-reviewed archival studies that operationalise board gender diversity through multiple female-directors attributes and report associations with ESG performance and ESG reporting. We synthesise findings using vote counting and report simple summary statistics for the most frequently studied attributes. Findings – Evidence is most consistent for female non-executive directors, who are robustly associated with stronger ESG performance across governance systems and regulatory settings. Results for female executive directors are more context-dependent and frequently mixed. For other heterogeneity dimensions, the evidence base remains comparatively thin and inconclusive, particularly for ESG reporting, reflecting both limited study volume and measurement heterogeneity. Practical implications – Boards and regulators should treat gender diversity as a multi-attributed governance resource rather than a headcount metric. Emphasis on the composition and authority of female directors appears most consequential for sustainability performance, while disclosure-related effects require more consistent measurement and stronger identification. Originality/value – This review's contribution lies in systematically operationalising and coding within-gender heterogeneity by separating observable from underlying attributes and mapping them distinctly to ESG performance versus ESG reporting, thereby clarifying where evidence is comparatively consistent and where key gaps remain.
| Original language | English |
|---|---|
| Journal | Journal of Accounting Literature |
| Volume | 48 |
| Issue number | 5 |
| Pages (from-to) | 535-557 |
| Number of pages | 23 |
| ISSN | 0737-4607 |
| DOIs | |
| Publication status | Published - 14.12.2026 |
Bibliographical note
Publisher Copyright:© 2026 Jan Marvin Apel and Patrick Velte
UN SDGs
This output contributes to the following UN Sustainable Development Goals (SDGs)
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SDG 5 Gender Equality
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SDG 12 Responsible Consumption and Production
Research areas and keywords
- Board gender diversity
- ESG performance
- ESG reporting
- Heterogeneity
- Stakeholder-agency theory
- Sustainability
ASJC Scopus Subject Areas
- Accounting
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