[Research Contribution] Board Gender Diversity and ESG Performance: The Existence of Critical Mass Theory

In the context of environmental, social, and governance (ESG) activities increasingly becoming an important measure for the sustainable development of businesses, the story of women's presence on boards of directors is receiving more attention than ever. Not only limited to gender equality, many studies suggest that women in leadership positions can bring different perspectives to governance, especially regarding environmental, social, and stakeholder responsibility issues.