Do Female Board Directors Promote Corporate Social Responsibility? An Empirical Study Based on the Critical Mass Theory

Yang, Wei-liu; Yang, Jinlei; Gao, Zhitong

doi:10.1080/1540496x.2019.1657402

Cited by 74 publications

(104 citation statements)

References 30 publications

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“…The presence of female directors in our sample firms also supports the reforms made by CCG 2017, which announced that female directors' placement was mandatory on the board. Our results are consistent and partially significant with recent empirical evidence (Yang et al, 2019) that a higher number of female directors on board matters. Further, our results support the study by Morck and Yeung (2009), which argued that the avoidance of internal controls results in low effectiveness of board and audit committee characteristics in a family business.…”

Section: Discussionsupporting

confidence: 92%

“…Conversely, the presence of a small number of women reflects "symbolism." Our results are partially consistent with recent empirical evidence (Yang et al, 2019) that a higher number of female directors on board matters.…”

Section: Additional Analysissupporting

confidence: 92%

“…The dependent variables used to measure firm performance are return on assets (ROA) (Brahma et al, 2020); basic earning power ratio (BEPR), which reflects the expected future firm performance based on past or current period performance, and firm profitability (Papangkorn et al, 2019). Following the literature (Bennouri et al, 2018;Yang et al, 2019), the proxies for an explanatory variable, the proportion of female directors on board (PFD_BD), measured as the number of female directors on board by total board size, and the presence of female directors in the audit committee (PFD_AC), measured as the number of female directors in the audit committee by total members in the audit committee. bi is the coefficient of female presence variables, where i ¼ 1.…”

Section: Methodsmentioning

confidence: 99%

See 2 more Smart Citations

Female presence in corporate governance, firm performance, and the moderating role of family ownership

Amin

Ali

Rehman

et al. 2021

Economic Research-Ekonomska Istraživanja

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Assessing the role of diversity in corporate governance has attracted growing interest. In addition, significant relationships are expected between diversity dimensions and firm performance. This research aims to analyze the relationships between female presence in corporate board-firm financial performance and the extent to which such influence is moderated by family ownership. The study's sample, based on the listed firms on the Pakistan Stock Exchange (PSX), represents the nonfinancial sector from 2008 to 2019 with 2087 firm-year observations. Fixed-effect regression analysis was applied to examine the proposed hypothesis. The study's findings indicate that the presence of women in corporate governance is positively associated with firm financial performance. Simultaneously, the mentioned relationship is less pronounced when family ownership is a moderator. The empirical findings of the study support the argument that the presence of women in corporate boards is positively associated with financial performance and supports the reforms made by codes of corporate governance (CCG) that make the presence of female directors' mandatory on the corporate boards. Additionally, the study findings partially confirm that a higher proportion of women on the board increases firm performance. This study offers insights for policymakers to implement legislation for a diverse gender placement in the board of directors and exploit the potential benefits of the gender-balanced board, which generally improves firm performance.

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Section: Discussionsupporting

confidence: 92%

Section: Additional Analysissupporting

confidence: 92%

Section: Methodsmentioning

confidence: 99%

See 1 more Smart Citation

Female presence in corporate governance, firm performance, and the moderating role of family ownership

Amin

Ali

Rehman

et al. 2021

Economic Research-Ekonomska Istraživanja

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show abstract

“…Therefore, the evidence provided by this study contradicts studies that indicate that board gender diversity is positively related to environmental performance [44,[86][87][88] and reduced resource use and emissions [27,85,140]. These discrepancies can be explained by the complex relationship between board gender diversity and responsible practices [141], which may be determined by the unique characteristics of the context [142]. These characteristics include the company's human resources policy [143], the existence of a CSR committee [144], CEO gender [32], ownership [91] and sector [79,145].…”

Section: Variablescontrasting

confidence: 83%

Environmental Performance of the Tourism Sector from a Gender Diversity Perspective

Torres

Gutiérrez-Fernández

Gallego-Sosa

2021

IJERPH

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The tourism sector is a driver of economic development characterised by its environmental impact. It is a prevalent part of the 2030 Agenda, given its potential to help meet the Sustainable Development Goals (SDGs). At the same time, board gender diversity is considered essential for companies to implement environmentally sustainable initiatives. However, analysis of the relationship between the role of women on boards and environmental performance has been neglected in the tourism literature. This paper adopts a novel approach to the study of this sector by analysing the relationship between gender diversity on the board of directors and companies’ environmental practices. A fixed effects model is estimated using an international sample of 120 listed tourism companies for the period 2002 to 2019. The results show that boards that are more gender diverse and have a greater female presence are associated with poorer environmental performance and a weaker implementation of policies and practices to reduce resource use and emissions. However, board gender diversity aids performance in environmental innovation.

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“…As pesquisas anteriores nesse campo tentam encontrar se a presença feminina influencia a divulgação de RSC. Essas pesquisas têm apontado que conselhos com maior participação feminina são mais transparentes para a divulgação socioambiental (Cucari et al, 2018;García-Sánchez et al, 2019;Jizi, 2017;Krishnamurti & Velayutham, 2018;Yang et al, 2019), uma vez que as mulheres são mais socialmente conscientes do que os homens (Charumathi & Rahman, 2019) e trazem uma visão independente adicional para a tomada de decisão (Colaco et al, 2011).…”

Section: Divulgação Socioambiental E Estrutura Do Conselhounclassified

Efeito da Representação Feminina na Divulgação de Responsabilidade Social Corporativa: Análise Internacional do Setor Energético

et al. 2021

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Objetivo: Investigar o efeito da representação feminina na divulgação da responsabilidade social corporativa nas empresas internacionais do setor energético.Método: A amostra é composta por 62 multinacionais do setor energético sediadas em 25 países. A variável dependente é a divulgação socioambiental e a variáveis independentes utilizadas são: participação feminina no conselho de administração, lei ou código no país sobre diversidade de gênero e retorno sobre patrimônio líquido. A pesquisa analisou 3 anos: 2016 a 2018.Principais resultados: Os resultados indicam que existe uma influência positiva da maior quantidade de mulheres presentes no conselho e apontam, ainda, que a presença delas pode formar uma “massa crítica”, na qual elas se sentem confortáveis para opinar e influenciar a tomada de decisão. Conclui-se que a diversidade de backgrounds entre homens e mulheres colabora para as empresas reportarem relatórios ambientais mais completos.Relevância/originalidade: O estudo apresenta novas evidências acerca do efeito da diversidade feminina na sustentabilidade empresarial, analisando o setor energético em diferentes ambientes institucionais. Além disso, a pesquisa analisa os resultados à luz da Teoria Crítica das Massas, trazendo uma nova direção para os estudos sobre RSC.Contribuições teóricas/metodológicas: Os resultados são analisados através da Teoria das Massas Críticas, uma teoria sociopolítica ainda pouco relacionada à sustentabilidade empresarial. Os resultados podem auxiliar os gestores na elaboração de suas estratégias corporativas, ressaltando o papel da diversidade de gênero nos conselhos.

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Do Female Board Directors Promote Corporate Social Responsibility? An Empirical Study Based on the Critical Mass Theory

Cited by 74 publications

References 30 publications

Female presence in corporate governance, firm performance, and the moderating role of family ownership

Female presence in corporate governance, firm performance, and the moderating role of family ownership

Environmental Performance of the Tourism Sector from a Gender Diversity Perspective

Efeito da Representação Feminina na Divulgação de Responsabilidade Social Corporativa: Análise Internacional do Setor Energético

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