Impact of Female Presence in Top Management Positions on Sustainability Performance Gender Diversity In Top Management Team and Sustainability Performance

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Sanober Shaheen
Jawad Abdul Ghaffar
Noor Ahmad


This study investigates the impact of female representation on the board of directors and the upper management team on sustainability performance in the banking industry of South Asia. This study is an attempt, based on past literature, to frame gender diversity in terms of the way it affects financial, social, and environmental performance. The 172 banks in the study's sample, which covers the years from 2018 to 2022, are from 8 South Asian nations. For estimations, GMM and Probit analysis is used. The findings show that the number of female directors enhances both environmental and financial performance; whereas female managers place more importance on the social component and stakeholder engagement. This study suggests that banks should give attention to their efforts on hiring a suitable proportion of female directors and managers. This research also has beneficial implications that support gender equality among regulators and policymakers.

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How to Cite
Shaheen, S., Abdul Ghaffar, J. ., & Ahmad, N. (2023). Impact of Female Presence in Top Management Positions on Sustainability Performance: Gender Diversity In Top Management Team and Sustainability Performance. Journal of Workplace Behavior, 4(2), 80–99. Retrieved from
Author Biographies

Sanober Shaheen, Hamdard University, Islamabad Pakistan.

Dr. Sanober Shaheen graduated from the Doctor of Philosophy (Finance) program at Capital University of Science and Technology, Pakistan at the end of 2022. As part of the requirements of the degree, Sanober completed a research thesis titled ‘The impact of Female representation in Board of directors and Audit Committee on Financial Reporting Quality: Moderating role of Family Ownership’. Sanober is an Assistant Professor at Hamdard University, Pakistan where she teaches into management sciences and accounting & Finance programs in the Faculty of Management Science, and supervises students undertaking graduate studies in Accounting and Finance.

Jawad Abdul Ghaffar, Hamdard University, Islamabad Pakistan.

Mr. Jawad Abdul Ghaffar is currently enrolled in PhD degree program at faculty of Management Sciences at Hamdard University Islamabad Campus since spring session 2023. He graduated as MSc Accounting & Finance from University of Leicester (UK) in year 2010. He has a diverse experience in the field of Accounting and Finance in Pakistan and abroad.

Noor Ahmad, Sir Syed CASE Institute of Technology, Islamabad Pakistan.

Mr. Noor Ahmad is enrolled in PhD degree program at Faculty of Management Sciences, Hamdard University Islamabad Campus. His area of interest is in Finance and has a  diverse work experience in Pakistan and abroad.