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This study aims to assess how female board representation influences green product and process innovation in Sri Lankan firms.

The Role of Women on Corporate Boards in Driving Green Product and Process Innovation in Sri Lanka

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Randomized trial examines female leadership's impact on green innovation in Sri Lankan firms, suggesting positive corporate governance implications.

This study aims to assess how female board representation influences green product and process innovation in Sri Lankan firms.
Utilized secondary data from annual reports of publicly listed companies (2012-2023)
Applied probit regression analysis to evaluate the relationship between female directors and green innovation
Evaluated green product innovation via 'green' patents and green process innovation through environmental management certifications.
Increased female board representation is associated with higher rates of green product innovation, but not significantly for green process innovation.
Findings highlight the importance of female directors, board size, ESG initiatives, R&D investment, and overall firm size in promoting green innovation.
Female leadership, particularly chairpersons, plays a vital role in shaping proactive environmental strategies at the firm level.

Sandunima Kaluarachchi (2026) studied this question.

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Randomized trial examines female leadership's impact on green innovation in Sri Lankan firms, suggesting positive corporate governance implications.