Table 2. Theoretical framework and... | Emerald Publishing

Table 2.

Theoretical framework and evidences of the study

Dependent variable	Independent variables			Hypotheses		Theories	Expected evidence	Empirical evidence
ESG	Board diversity	Board size		H1		Agency theory (−) resource dependence theory (+) legitimacy theory (+)	+	+
		Board gender diversity	Percentage of women on BoD	H2	H2a	Resource dependence theory (+) legitimacy theory (+)	+	No evidence
		Board gender diversity	Critical mass of women on BoD	H2	H2b	Critical mass theory (+)	+	+
		Board independence		H3		Legitimacy theory (+)	+	+
		CSR/sustainability committee		H4		Legitimacy theory (+)	+	+
		CEO duality		H5		Agency theory (−) legitimacy theory (−)	−	−

Dependent variable	Independent variables			Hypotheses		Theories	Expected evidence	Empirical evidence
ESG	Board diversity	Board size		H1		Agency theory (−) resource dependence theory (+) legitimacy theory (+)	+	+
		Board gender diversity	Percentage of women on BoD	H2	H2a	Resource dependence theory (+) legitimacy theory (+)	+	No evidence
		Board gender diversity	Critical mass of women on BoD	H2	H2b	Critical mass theory (+)	+	+
		Board independence		H3		Legitimacy theory (+)	+	+
		CSR/sustainability committee		H4		Legitimacy theory (+)	+	+
		CEO duality		H5		Agency theory (−) legitimacy theory (−)	−	−

Source(s): Authors’ own creation