The literature on the relationship between gender diversity and environmental performances of firms that addresses dynamic endogeneity is rather limited. We mention Gaio and Gonçalves (2022), Lu and Herremans (2019), Kassini et al (2016), Silla, et al (2016) that opt for a dynamic modelling using a System-GMM estimator. This estimator is particularly suitable to panels with large number of individual and few time periods, which the case for our paper. Moreover, it accommodates situations where the independent variable changes slowly (Antoniou et al., 2008). To keep a good flow in the text, we only mention these papers in the introduction section. We elaborate further on them in the literature review section. We describe their main purpose and explain how our analysis departs from them.
1- In lines 28 and onwards, you argue a lack of literature looking at dynamic (GMM) analysis of the role of female on CSR and ESG issues, but fail to mention some examples. Please provide some, and position your work in that (brief) strand of literature. One example you should consider is Gaio, C., & Gonçalves, T. C. (2022). Gender diversity on the board and firms’ corporate social responsibility. International Journal of Financial Studies, 10(1), 15.