2026-08-26T08:30:50Zhttps://gredos.usal.es/oai/request

oai:gredos.usal.es:10366/1692512026-01-27T01:01:13Zcom_10366_4201com_10366_4200com_10366_3946com_10366_3823col_10366_4202

Martínez Ferrero, Jennifer Sánchez Sancho, Marta García Meca, Emma 2026-01-26T07:34:56Z 2026-01-26T07:34:56Z 2025 Martinez-Ferrero, J., Sánchez-Sancho, M., & García-Meca, E. (2025). The paradigm of female directors in the managerial capture of sustainability assurance: an analysis supported by natural language processing methods. Meditari Accountancy Research, 33(5-6), 1293-1328. https://doi.org/10.1108/MEDAR-05-2024-2483 2049-372X http://hdl.handle.net/10366/169251 10.1108/MEDAR-05-2024-2483 2049-3738 [EN]Purpose: Sustainability assurance has become essential for enhancing the credibility of sustainability disclosures. However, without harmonized standards, critical literature highlights the risk of managerial capture and questions the effectiveness of assurance in promoting accountability. This study aims to investigate whether board gender diversity serves as a governance mechanism that reduces the risk of capture and whether a critical mass of female directors is necessary to exert a monitoring role. Design/methodology/approach: Using 2,267 assurance statements from European-listed firms (2018–2022), the authors develop an index of managerial capture based on whether assurance reports evaluate compliance with established reporting principles. A higher score indicates a more comprehensive verification process and, consequently, a lower risk of managerial capture. To complement this measure, the authors assess the tone of the assurance statements, where an overly optimistic tone serves as an additional indicator of managerial capture. The monitoring role of board gender diversity is analyzed using panel data regression models and a difference-in-differences approach to account for the influence of board gender diversity regulations. Findings: The results show that a critical mass of female directors (exceeding 30%) reduces the risk of managerial capture, and that gender-balanced boards (with 40%–60% female representation) are the most effective in monitoring this risk. Moreover, board gender diversity regulations further strengthen the oversight role of female directors. Originality/value: This study advances the field of sustainability assurance by proposing a governance mechanism that minimizes the risk of managerial capture and illustrates the potential of natural language processing techniques for analyzing sustainability disclosures. It also demonstrates that gender-balanced boards and gender diversity regulations enhance corporate accountability. eng http://creativecommons.org/licenses/by-nc-nd/4.0/ info:eu-repo/semantics/embargoedAccess Attribution-NonCommercial-NoDerivatives 4.0 Internacional Sustainability assurance Managerial capture Female directors Gender diversity Board of directors SDG 5 gender equality The paradigm of female directors in the managerial capture of sustainability assurance: an analysis supported by natural language processing methods info:eu-repo/semantics/article