Do corporate environmental sustainability affect corporate performance? the role of board diversity evidence from Saudi Arabia stock market

Resumen

This study aims to evaluate the efficiency of corporate environmental sustainability (CES) in the Saudi market. it examines how CES influences their effectiveness in corporate performance (CP). Moreover, it is examined if the board diversity (BD) moderates the association among CES and CP. Moreover, quantitative data was collected using a survey of 917 observation firm in Saudi market. The data was analyzed using OLS regression and applied other additional test in order to make confirm.  The results of this study revealed that CES in rigorous financial analysis and investigation significantly improves CP.  However, the role of BD does not enhance CP. Most notably, BD no moderates the association among CES and CP. This study offers unparalleled empirical evidence on CES in the Saudi context.  moreover, it is examined if the BD moderates the connection among CES and CP. The research model demonstrates good explanatory power and predictive accuracy. Finally, the current study provided some limitations and suggestions for future research at the end of paper.