{"status":"ok","message-type":"work","message-version":"1.0.0","message":{"indexed":{"date-parts":[[2026,2,5]],"date-time":"2026-02-05T23:27:41Z","timestamp":1770334061619,"version":"3.49.0"},"reference-count":112,"publisher":"Emerald","issue":"1","content-domain":{"domain":[],"crossmark-restriction":false},"short-container-title":[],"published-print":{"date-parts":[[2025,1,6]]},"abstract":"<jats:sec>\n                    <jats:title>Purpose<\/jats:title>\n                    <jats:p>The main goal of this paper is to analyse the impact of political connections and gender diversity shaping Environmental, Social and Governance (ESG) components\u2019 effects on the performance of Iberian companies.<\/jats:p>\n                  <\/jats:sec>\n                  <jats:sec>\n                    <jats:title>Design\/methodology\/approach<\/jats:title>\n                    <jats:p>To achieve this aim, we have used panel data methodology, specifically the generalized method of moments system estimation method by Arellano and Bond (1991), using data from listed Iberian companies for the period between 2015 and 2020.<\/jats:p>\n                  <\/jats:sec>\n                  <jats:sec>\n                    <jats:title>Findings<\/jats:title>\n                    <jats:p>Our findings suggest that, although ESG components positively influence company performance, the presence of political connections weakens ESG commitments, compromising ethical standards and suggesting a lack of transparency or inadequate regulations. Our results also highlight that the presence of women on boards of directors has a nuanced impact on firm performance, as measured by the Market-to-Book ratio. While gender diversity interacts with ESG scores, external investors' perceptions may not always reflect immediate performance improvements.<\/jats:p>\n                  <\/jats:sec>\n                  <jats:sec>\n                    <jats:title>Research limitations\/implications<\/jats:title>\n                    <jats:p>This work faces some limitations associated with challenges in securing comprehensive data for all variables, along with the complexity of acquiring information about political connections. Often, we had to rely on multiple sources and cross-reference the data to enhance its reliability. Another limitation for potential consideration or exploration in future research pertains to the omission of distinct industry sectors due to the limited number of companies, particularly notable in the context of Portugal.<\/jats:p>\n                  <\/jats:sec>\n                  <jats:sec>\n                    <jats:title>Originality\/value<\/jats:title>\n                    <jats:p>Although there is a large volume of literature on the relationship between ESG and companies\u2019 performance, as far as the authors are aware, this article is original and covers an important gap in the literature when considering political connections and board gender diversity impact on ESG components as determinants of the performance of Iberian companies.<\/jats:p>\n                  <\/jats:sec>","DOI":"10.1108\/bpmj-01-2024-0039","type":"journal-article","created":{"date-parts":[[2024,7,25]],"date-time":"2024-07-25T22:15:34Z","timestamp":1721945734000},"page":"365-389","source":"Crossref","is-referenced-by-count":12,"title":["Bridging governance gaps: politically connected boards, gender diversity and the ESG performance puzzle in Iberian companies"],"prefix":"10.1108","volume":"31","author":[{"ORCID":"https:\/\/orcid.org\/0000-0002-6419-679X","authenticated-orcid":false,"given":"Rui","family":"Guedes","sequence":"first","affiliation":[{"name":"University of Aveiro , Aveiro,","place":["Portugal"]}]},{"ORCID":"https:\/\/orcid.org\/0000-0002-6250-1113","authenticated-orcid":false,"given":"Maria Elisabete","family":"Neves","sequence":"additional","affiliation":[{"name":"Coimbra Business School , , Coimbra,","place":["Portugal"]},{"name":"Instituto Polit\u00e9cnico de Coimbra , , Coimbra,","place":["Portugal"]}]},{"ORCID":"https:\/\/orcid.org\/0000-0003-3593-368X","authenticated-orcid":false,"given":"Elisabete","family":"Vieira","sequence":"additional","affiliation":[{"name":"Research Unit on Governance , , , Aveiro,","place":["Portugal"]},{"name":"Competitiveness and Public Policies (GOVCOPP) , , , Aveiro,","place":["Portugal"]},{"name":"University of Aveiro , , , Aveiro,","place":["Portugal"]}]}],"member":"140","published-online":{"date-parts":[[2024,7,26]]},"reference":[{"issue":"23","key":"2025102223080584200_ref001","doi-asserted-by":"publisher","first-page":"9957","DOI":"10.3390\/su12239957","article-title":"Impact of sustainability on firm value and financial performance in the air transport industry","volume":"12","author":"Abdi","year":"2020","journal-title":"Sustainability"},{"issue":"1","key":"2025102223080584200_ref002","doi-asserted-by":"publisher","first-page":"3","DOI":"10.1111\/kykl.12216","article-title":"How does government control affect firm value? 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