Do Female Directors on Corporate Boards Make a Difference in Family Owned Businesses?

Magnanelli, Barbara Sveva; Nasta, Luigi; Raoli, Elisa

doi:10.2308/jiar-17-561

Cited by 28 publications

(23 citation statements)

References 66 publications

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“…Second, as prior studies have suggested that family firms may act differently than nonfamily firms with regard to board diversity and CSR practices, we distinguish between family and non-family firms by assessing directors' ownership as the ratio of equity held by family owners or promoters, which are board members to the total common stock (Magnanelli et al, 2020;Sahasranamam et al, 2019). Third, because results from Table 4 assert that the frequency of board meetings increases significantly firm's CSR score.…”

Section: Alternate Variables' Measuresmentioning

confidence: 99%

Is the effect of board diversity on CSR diverse? New insights from one-tier vs two-tier corporate board models

Jouber

2020

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Purpose The purpose of this study is to investigate the impact of board diversity on corporate social responsibility (CSR). The aim is twofold; does board diversity has any effect on CSR, do structural and demographic differences between one-tier and two-tier board models may impact this effect? Design/methodology/approach This paper applies a panel generalized method of moments estimator to a sample of 2,544 non-financial listed firms from 42 countries over the period of 2013–2017. Findings The findings reveal that board diversity leads to effective CSR. By distinguishing between diversity among boards from diversity within boards, the results display the effects of the specific variables that make up the manner and latter’s constructs within unitary and two-tier board structures. Specifically, this paper reveals that tenure, ideology and educational level (gender and nationality) predominantly appear to drive a firm’s CSR within one (two)-tier boards settings. These results remain consistent when robustness tests are ruled. Practical implications The study provides managers, investors and policymakers with knowledge about how among and within board diversity attributes favor the decision-making process around CSR. The evidence is useful for companies in setting the criteria to identify directors who can support their strategic decisions. It benefits, moreover, academics in better understanding firms’ CSR determinants and practices under different corporate board models. Social implications Examining how different sets of board diversity affect firms’ CSR given divergences between one-tier and two-tier board structure is a useful and informative endeavor for all community actors. Originality/value Unlike prior studies that identify the limited scope of diversity, the study is the first to examine the effect of broader dimensions of board diversity on CSR under both one-tier and two-tier board settings. This paper provides a contribution to a greater understanding of the impacts underlying board models and different attributes of board diversity on CSR. This new understanding will help to improve predictions of different features of board diversity impacts on decision-making processes around organizational outcomes.

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Section: Alternate Variables' Measuresmentioning

confidence: 99%

Is the effect of board diversity on CSR diverse? New insights from one-tier vs two-tier corporate board models

Jouber

2020

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“…It can be seen from Figure 6 that the proximity among "independence", "representation", "ethnic diversity", "impact", "finance", "investment", "size", and "women director" is high, suggesting that this set of keywords are used to describe recently emerging common research issues. Such research issues are associated with the relationship between the presence of women member/women director in the corporate board and the family firm performance (Arioglu, 2020;Bjuggren, Nordström, & Palmberg, 2018;González et al, 2020;Magnanelli et al, 2020).…”

Section: Conceptual Structurementioning

confidence: 99%

“…Similar to the former research direction, we also perceive the discordance among studies following this direction. On the one hand, the presence of women and the level of board diversity (measured by the percentage of women on the board) are found to be positively associated with the family firms' value and performance in developed countries, such as Italy (Magnanelli et al, 2020;, Portugal (Fėlix & David, 2019), and Turkey (Arioglu, 2020). On the other hand, studies in developing countries usually observe the adverse effects of female participation in the corporate board on family firms' performance (González et al, 2020;Mustafa, Saeed, Awais, & Aziz, 2020).…”

Section: Gender Diversity In the Family Business Corporate Boardmentioning

confidence: 99%

“…Scholars have studied how gender influences the decisions of successors to inherit their family's legacy (Banchik, 2019;Li, Sun, Wang, & Ke, 2020) as well as their chance to be the successors (Byrne, Fattoum, & Thébaud, 2019;Kubíček & Machek, 2019;Ramadani, Hisrich Robert, Anggadwita, & Alamanda Dini, 2017). The impact of gender diversity in the management on firm performance and governance is another focus, but empirical research found mixed results (González, Guzmán, Pablo, & Trujillo, 2020;Magnanelli, Nasta, & Raoli, 2020). The gender gap in family firms is unique due to the family-business relations.…”

Section: Introductionmentioning

confidence: 99%

See 1 more Smart Citation

Mapping the intellectual and conceptual structure of research on gender issues in the family business: A bibliometric review

Vuong¹,

Huyền²,

Pham³

et al. 2020

Preprint

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The current review, employing the bibliometric analysis of 224 documents extracted from the Web of Science database, aims to examine the growth trajectory, most influential documents, intellectual and conceptual structure of the literature regarding gender issues in family business research. The review identifies three major research lines: "Women’s challenges and opportunities in the family business", "Gender diversity in the family business corporate board", and "Gender and family SMEs management". By reviewing prominent cited references and documents which cited them in each research line, we provide the landscapes and research gaps of three major lines of research for further development.

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“…Raoli (2020) na Itália. Segundo as autoras, na Itália este número só começou a ganhar força quando da entrada em vigor de uma lei que obrigava as companhias abertas a manterem um número mínimo de 33% de mulheres nos três órgãos de conselho: de Endividamento de curto prazo, lucro líquido, lucro operacional e ativo total.…”

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O desempenho de empresas com participação feminina na diretoria executiva e o Índice de Sustentabilidade Empresarial

Araujo

2021

CAFI

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A atuação da mulher no mercado de trabalho, dificuldades e enfrentamentos, bem como a participação discrepante em relação à atuação masculina, são temas recorrentes na literatura das ciências sociais e ciências sociais aplicadas. Alinhado a este interesse, em um momento empresarial em que se busca o crescimento econômico e o desenvolvimento sustentável, apegar-se a um indicador que retrate a sustentabilidade, se torna relevante também. Nesse sentido, a pesquisa elegeu o Índice de Sustentabilidade Empresarial – ISE criado e mantido pela Brasil Bolsa Balcão – B3. Deste modo, o objetivo do estudo foi de identificar a contribuição da participação feminina na diretoria executiva no desempenho das empresas que compõe o Índice de Sustentabilidade Empresarial. Trata-se de uma pesquisa descritiva com procedimentos de levantamento documental. Os resultados indicam para diferenças estatísticas entre as médias apresentadas pelas companhias estudadas em relação ao Lucro Líquido, Lucro Operacional, Retorno sobre Ativos, Liquidez Corrente e Endividamento de Curto Prazo. Não encontramos diferenças estatísticas para os indicadores Retorno sobre Ativos Operacionais e Retorno sobre o Patrimônio Líquido. Os resultados sugerem um desempenho melhor em companhias abertas que contratam mulheres em cargos de diretoria executiva. Este estudo contribui do ponto de vista prático para a sinalização da baixa participação feminina em cargos de direção. Contribui ainda, do ponto de vista teórico, para a discussão sobre gênero na gestão de grandes corporações, contribuindo para a Teoria da Socialização do Gênero.

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Do Female Directors on Corporate Boards Make a Difference in Family Owned Businesses?

Cited by 28 publications

References 66 publications

Is the effect of board diversity on CSR diverse? New insights from one-tier vs two-tier corporate board models

Is the effect of board diversity on CSR diverse? New insights from one-tier vs two-tier corporate board models

Mapping the intellectual and conceptual structure of research on gender issues in the family business: A bibliometric review

O desempenho de empresas com participação feminina na diretoria executiva e o Índice de Sustentabilidade Empresarial

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