24th MEB Conference - Budapest, 24.04.2026

The study examines the relationship between board gender diversity and ESG disclosure in publicly listed companies in Visegrád Group (V4) countries. It aims to investigate whether a higher representation of women on corporate boards drives companies to disclose more environmental, social, and governance (ESG) practices. Using 642 firm-year observations from 2012 to 2021, the regression analysis reveals a statistically significant and positive association between gender diversity on corporate boards and ESG disclosure in V4 countries. A higher representation of women on boards is correlated with increased transparency and disclosure regarding ESG issues. This finding suggests that gender diversity is crucial in shaping companies' decisions to disclose their sustainability practices in V4 countries, potentially reflecting a broader commitment to social responsibility and transparency.