The related theory posits that females’ attitude when facing uncertainty is different from males. They tend to exhibit a strong inclination to wait until the uncertainty is resolved before making major business decisions. To address this comment, we added supporting arguments disseminated across the text (particularly in lines 348-361, lines 421-428, etc). These explain the finding you are referring to by attitude towards risk and uncertainties. Women on corporate boards tend to be more risk-averse and lean more toward conservatism in an uncertain environment. Therefore, the more females there are on corporate boards, the higher would be their weight in the board decisions, and by the same token, the higher would be the effect of uncertainty on firms’ decisions.
It would be useful if the authors provided some speculative thoughts on the finding that the slope of the GenDiv variable is negative in highly uncertain countries on the firm's environmental performance (Figure 3 (c) red line).