Journal of Business Ethics 173 (1):133-155 (2020)
Abstract |
This study analyzes how the board’s characteristics could be associated with globally corporate social responsibility CSR and specific areas of CSR. It is drawn on all listed firms, in 2016, on the SBF120 between 2003 and 2016. Our results provide strong evidence that diversity in boards and diversity of boards globally are positively associated with corporate social performance. However, they influence differently specific dimensions of CSR performance. First, we show that large boards are positively associated with all areas of CSR performance, while specific and overall CSR scores are negatively associated with CEO-chair structures. Second, board gender diversity is positively associated with human rights and corporate governance dimensions. Third, age diversity is positively associated with corporate governance, human resources, human rights, and environmental activities. Also, our results provide evidence that outside directors care about CSR performance. Specifically, the presence of foreign directors is positively associated with environmental performance and community involvement, whereas CSR-Governance dimension is positively associated with the presence of independent directors. Regarding the director’s educational level, post-graduated directors are positively and significantly associated with overall CSR score and all CSR sub-scores, except the corporate governance one. When directors have multiple directorships, they are more concerned about human resources, environmental performance, and business ethics. Finally, our findings are robust only in non-family firms. In fact, family boards are less diverse than non-family ones; specifically, they have a lower number of independent, foreign, and high-educated directors.
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DOI | 10.1007/s10551-020-04522-4 |
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References found in this work BETA
Corporate Governance and Firm Value: The Impact of Corporate Social Responsibility. [REVIEW]Hoje Jo & Maretno A. Harjoto - 2011 - Journal of Business Ethics 103 (3):351-383.
The Impact of Board Diversity and Gender Composition on Corporate Social Responsibility and Firm Reputation.Stephen Bear, Noushi Rahman & Corinne Post - 2010 - Journal of Business Ethics 97 (2):207 - 221.
The Causal Effect of Corporate Governance on Corporate Social Responsibility.Hoje Jo & Maretno A. Harjoto - 2012 - Journal of Business Ethics 106 (1):53-72.
Gender Differences in Proclivity for Unethical Behavior.Michael Betz, Lenahan O'Connell & Jon M. Shepard - 1989 - Journal of Business Ethics 8 (5):321 - 324.
Board Composition and Corporate Social Responsibility: The Role of Diversity, Gender, Strategy and Decision Making.Kathyayini Rao & Carol Tilt - 2016 - Journal of Business Ethics 138 (2):327-347.
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Citations of this work BETA
Corporate Social Responsibility (CSR) Implementation: A Review and a Research Agenda Towards an Integrative Framework.Tahniyath Fatima & Said Elbanna - forthcoming - Journal of Business Ethics:1-17.
Women Directors and Corporate Social Performance: An Integrative Review of the Literature and a Future Research Agenda.Giovanna Campopiano, Patricia Gabaldón & Daniela Gimenez-Jimenez - forthcoming - Journal of Business Ethics.
Clearing Up the Benefits of a Fossil Fuel Sector Diversified Board: A Climate Change Mitigation Strategy.Rohan Crichton, Faraz Farhidi, Alpna Patel & Nicole Ellegate - 2021 - Business and Society Review 126 (4):433-453.
Impact of Directors’ Network on Corporate Social Responsibility Disclosure: Evidence from China.Wenqin Li, John Ziyang Zhang & Rong Ding - forthcoming - Journal of Business Ethics:1-33.
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