Women Directors and Corporate Social Performance: An Integrative Review of the Literature and a Future Research Agenda

Campopiano, Giovanna; Gabaldón, Patricia; Gimenez-Jimenez, Daniela

doi:10.1007/s10551-021-04999-7

Cited by 40 publications

(32 citation statements)

References 119 publications

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“…Authors such as Campopiano et al (2022) consider that these divergences are due to different reasons, highlighting the biases that the authors can introduce in their research, especially in the establishment of their theoretical frameworks and the configuration of the variables that they use in their empirical models. They conclude the stereotypes based on conventional gender roles and the consideration of the percentage of female directors is inadequate to contrast the hypotheses related to the role that women have in decision-making.…”

Section: The State Of the Artmentioning

confidence: 99%

“…To increase the knowledge about the drivers of this strategy without considering recessionary contexts, a significant number of academics have focused their research on understanding the role that women in leadership positions play in terms of sustainability (i.e., Amorelli & García‐Sánchez, 2020a; Bannò et al, 2021; Campopiano et al, 2022; Zhao et al, 2022), especially with respect to the functions they perform within the board of directors because: (i) strategic decisions are taken within this body, including those related to sustainability; (ii) this is the body responsible for supervising the actions of top management; and (iii) in the last decade, there has been a larger presence of female directors as a result of the current requirements in many countries regarding gender parity that should characterize this body.…”

Section: Introductionmentioning

confidence: 99%

mentioning

confidence: 99%

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Leadership in heels: Women on boards and sustainability in times of COVID‐19

Amorelli

García‐Sánchez

2023

Corp Soc Responsibility Env

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From a business perspective, the health and socio‐economic effects of the COVID‐19 have affected a firm's stakeholders to a different extent, making it necessary for them to develop sustainable initiatives that allow them to meet their needs. Decisions must be made and implemented in a recessionary environment in which companies debate whether it is economically reasonable to promote them and whether they can afford not to do so. In this work, based on the theory of social identity, we argue that these business commitments will have been promoted in companies with boards of directors that have a greater female presence. The results obtained for a sample of 4821 multinationals confirm that the repercussion of incidental affect on the social identity of the in‐group of female directors has partially slowed the setback that business sustainability has suffered due to the pandemic, which is especially important with respect to good governance policies and practices and guaranteeing the social and environmental commitment of previous years. This evidence has important theoretical and practical implications, contributing the current debate on strategic decisions regarding sustainability and the benefits associated with board gender diversity.

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Section: The State Of the Artmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

mentioning

confidence: 99%

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Leadership in heels: Women on boards and sustainability in times of COVID‐19

Amorelli

García‐Sánchez

2023

Corp Soc Responsibility Env

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“…As moderator analyses, there was a stronger link in firms located in North American than in Asia or other areas as well as a stronger link in countries with a higher gender parity score. In line with meta-analyses, we identify four literature reviews that address the link between board gender diversity and corporate sustainability (Amorelli and Garcia-Sanchez, 2021; Banno et al , 2021; Campopiano et al , 2022; Nguyen et al , 2020). Amorelli and Garcia-Sanchez (2021) included 89 studies published in the 66 most relevant journals from 2000 to 2020 and noted an exponential growth of research because 2016.…”

Section: Findings From the Literature Reviewmentioning

confidence: 99%

“…Banno et al (2021) included 187 studies and stressed an overall positive impact of board gender diversity on both CSR performance and reporting. Campopiano et al (2022) showed a misfit between the theorization and operationalization of gender diversity, especially in quantitative empirical studies. The authors recommended that the topic should be analyzed from a broader view than that of the stereotypical caretaking behaviors.…”

Section: Findings From the Literature Reviewmentioning

confidence: 99%

Does sustainable board governance drive corporate social responsibility? A structured literature review on European archival research

Velte

2022

JGR

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Purpose This paper aims to analyze the impact that sustainable board governance has on corporate social responsibility (CSR) on the European capital market because of the current debate of future European regulations on the topic. Design/methodology/approach Based on a legitimacy and stakeholder theoretical framework, the author conducts a structured literature review and includes 86 quantitative peer-reviewed empirical (archival) studies on board gender diversity, sustainability board expertise and sustainability-related executive compensation and their impact on CSR variables. Findings Gender board diversity represents the most important variable in this literature review. The included categories of sustainable board governance positively influence both the total CSR and environmental outputs. Research limitations/implications A detailed analysis of sustainable board governance proxies is needed in future archival research to differentiate between symbolic and substantive use of CSR. In view of the current European reform initiatives on sustainable corporate governance in line with the EU Green Deal project, future research should also analyze the interactions between the included sustainable board governance variables and their contributions to CSR. Practical implications As both stakeholder demands’ on CSR outputs and CSR washing have increased since the financial crisis of 2008–2009, firms should be aware of a substantive integration of sustainability within their boards of directors (e.g. because of composition and compensation) to increase their CSR efforts and long-term firm reputation. Originality/value This analysis makes useful contributions to prior research by focusing on sustainable board governance as a key determinant of CSR outputs on the European capital market. The European Commission’s future evidence-based regulations [e.g. the corporate sustainability reporting directive (CSRD) and the corporate sustainability due diligence directive (CSDD)] should be promoted.

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Gender diversity and environmental activism: Gender discrimination or socialisation?

Yu,

Liu

2024

Bus Strat Env

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This paper empirically investigates the association between different executive roles taken by women and environmental shareholder activism at the shareholder proposal filing stage and the withdrawal stage. Building on gender socialisation theory and the managerial power perspective, and with 2350 firm‐year observations from Standard and Poor's (S&P) 1500 companies in the United States for the years 2010–2018, we find that environmental activists display a greater propensity to target firms led by women CEO–Chairs at the shareholder proposal filing stage, while no significant preference is observed towards general women directors or CEOs. To explore the rationale behind this preference—whether it stems from gender discrimination or socialisation—we extend our investigation to the withdrawal stage and identify a significantly positive influence from both women CEOs and CEO–Chairs, with the influence from CEO–Chairs being more pronounced. We postulate that both the managerial power and women's socialised traits (such as being more altruistic, collaborative and communicative) are plausible explanations for this gender effect, and women without substantial legitimate power in environmental matters are unable to exert a significant impact.

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Women Directors and Corporate Social Performance: An Integrative Review of the Literature and a Future Research Agenda

Cited by 40 publications

References 119 publications

Leadership in heels: Women on boards and sustainability in times of COVID‐19

Leadership in heels: Women on boards and sustainability in times of COVID‐19

Does sustainable board governance drive corporate social responsibility? A structured literature review on European archival research

Gender diversity and environmental activism: Gender discrimination or socialisation?

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