scholarly journals Board Gender Diversity and Corporate Social Performance in Different Industry Groups: Evidence from China

2021 ◽  
Vol 13 (6) ◽  
pp. 3142 ◽  
Author(s):  
Khwaja Naveed ◽  
Cosmina L. Voinea ◽  
Zahid Ali ◽  
Fawad Rauf ◽  
Cosmin Fratostiteanu
Keyword(s):  
Corporate Social Performance ◽  
Social Performance ◽  
Critical Mass ◽  
Gender Diversity ◽  
Least Square ◽  
Risk Exposure ◽  
Social Risk ◽  
Board Gender Diversity ◽  
Corporate Social ◽  
Governance Risk

This paper examines the heterogeneous links between board gender diversity and corporate social performance in different industries across China. OLS regression models are approximated using the data of Chinese industries from 2009 to 2015. Robustness test and two-stage least square (2SLS) methods are incorporated to cater for robustness and endogeneity. Board gender diversity (BGD) stimulates corporate social performance (CSP) of firms with environmental and social risk exposure regardless of critical mass and directors’ independence. It does so for firms with governance risk exposure while incorporating the critical mass effect and the director’s independence. Overall, the positive effect of BGD is prevalent in different industries at an aggregate level while considering firms with an overall ESG risk exposure. The findings imply that BGD can mitigate the ESG risk exposure in terms of enhancing the CSP and the advantage can be transpired with the inclusion of even one female director (independent or executive) to the board. The study also highlights that BGD enhances CSP in industries with more environmental and social risk exposure while doing so in industries with governance risk exposure after complementation by critical mass and independent director effects.

scholarly journals Can board gender diversity promote corporate social performance?

2017 ◽  
Vol 17 (5) ◽  
pp. 789-802 ◽  
Author(s):  
Khine Kyaw ◽  
Mojisola Olugbode ◽  
Barbara Petracci
Keyword(s):  
Emerging Markets ◽  
Corporate Social Performance ◽  
Social Performance ◽  
Critical Mass ◽  
Gender Diversity ◽  
Corporate Boards ◽  
Content Type ◽  
Clear Cut ◽  
Board Gender Diversity ◽  
Corporate Social

Purpose This paper examines if gender diversity on corporate boards promotes corporate social performance (CSP) across industries and across countries. Design/methodology/approach Fixed-effect panel models are estimated using Europe-wide data from 2002 through 2013. Instrumental variable estimation and propensity score matching are also used to control for potential endogeneity. Findings Board gender diversity (BGD) improves environmental and social performance and consequently the CSP. Although the positive effect of gender diversity is prevalent across industries, the effect is more pronounced for firms in emerging markets. Practical implications The findings suggest that gender law that fosters gender diversity can promote CSP in firms, and the benefit can be enjoyed with just an introduction of one female director to the board. Promotion of gender diversity in Europe is most beneficial in emerging markets. Originality/value The results provide new insights to the literature, as we find that a critical mass of female directors on boards is not required to promote CSP. The research also highlights that BGD enhances CSP irrespective of the industry, and the effect on CSP is more pronounced in emerging markets where regulations regarding CSR are not so clear-cut.

scholarly journals Board Gender Diversity, Social Performance, and CEO Compensation

1970 ◽  
Vol 36 (2) ◽  
pp. 1-27
Author(s):  
K. Gilley ◽  
Kelly Weeks ◽  
Joseph Coombs ◽  
Myrtle Bell ◽  
Donald Kluemper
Keyword(s):  
Executive Compensation ◽  
Ceo Compensation ◽  
Corporate Social Performance ◽  
Social Performance ◽  
Gender Diversity ◽  
Fortune 500 ◽  
Fortune 500 Companies ◽  
Ceo Pay ◽  
Board Gender Diversity ◽  
Corporate Social

This study examines the extent to which board gender diversity and corporatesocial performance influence CEO compensation. The sample includes 1,829observations from 262 Fortune 500 companies over multiple years. Findings indicatethat board gender diversity and corporate social performance interact to predict CEOcompensation. The data show that boards comprised of a higher percentage of womenplace increasing emphasis on certain kinds of corporate social performance whensetting CEO pay, and decreasing emphasis on other types of social performance. Ourfindings highlight the complex interrelationships between executive compensation,board composition, and corporate social performance.

scholarly journals The effect of corporate performance on the stocks in the companies doing IPO

2016 ◽  
Vol 19 (1) ◽  
pp. 125
Author(s):  
Suherman ◽  
Danni Winadi ◽  
Gatot Nazir Ahmad
Keyword(s):  
Stock Return ◽  
Firm Growth ◽  
Corporate Social Performance ◽  
Stock Exchange ◽  
Social Performance ◽  
Abnormal Returns ◽  
Least Square ◽  
Holding Period ◽  
Significant Difference ◽  
Corporate Social

This study tries to (1)to examine the difference of corporate social performance (CSP) between the old IPO firms and the new IPO firms, and (2)to investigate the influence of corporate social performance (CSP) on stock return. Corporate social performance (CSP) is measured using NH approach and stock return is measured using cumulative abnormal returns (CAR) and holding-period returns (HPR). The sample covers 75 IPO firms listed on the Indonesia Stock Exchange between 2011 and April 2015. Our study employs independent sample test and ordinary least square (OLS) regression to analyze the research models. The results show that 1) there is significant difference in corporate social performance (CSP) between the old IPO firms and the new IPO firms, and 2)CSP has positive and significant effect on stock return, controlling for firm size, firm growth, institutional ownership and managerial ownership. Robustness tests support the results. Investor should pay much more attention on the old IPO firms and corporate social performance (CSP). Firms that are going to sell IPO stocks, specifically for young firms, should concern more on social responsibilities.

scholarly journals Does Analyst Coverage Enhance Firms’ Corporate Social Performance? Evidence from Korea

2018 ◽  
Vol 10 (7) ◽  
pp. 2561 ◽  
Author(s):  
Hong-Min Chun ◽  
Sang-Yi Shin
Keyword(s):  
Corporate Social Performance ◽  
Interaction Analysis ◽  
Social Performance ◽  
Positive Association ◽  
Developed Countries ◽  
Least Square ◽  
Analyst Coverage ◽  
Prior Literature ◽  
Reputational Capital ◽  
Corporate Social

This paper examines the association between analyst coverage and corporate social performance, using comprehensive donation expense data from Korea. Following analyst “investor recognition view”, analyst coverage might be the one of the key determinants of firms’ CSP to higher firms’ reputational capital. The empirical results suggest that analyst coverage is, on average, positively associated with corporate social performance (CSP) and that this positive association is more pronounced in a non-chaebol (i.e., non-large industrial conglomerate) sample. Further this result is consistent with a battery of robustness tests, such as alternative use of CSP, interaction analysis, two-stage least square regression (2SLS) and alternative use of analyst coverage. This paper goes beyond prior literature using audited donation expense and chaebol data, this paper shows that analysts could partially provide information to enhance firms’ reputations and thus their reputational capital by attending to CSP which would be regarded as pertinent firms’ sustainability. Furthermore, this tendency is more pronounced in relatively lower-reputation firms, such as non-chaebol ones in Korea. Mainstream literature on CSR is conducted within the context of developed countries, such as the U.S. or the U.K., leaving the empirical question as to whether such results apply to other developing countries such as Korea. So, using unique corporate giving data, this paper investigate analyst coverage might enhance firms’ CSP even in a relatively poor information environment such as Korea.

scholarly journals The Corporate Social-Financial Performance Link: Evidence from Pakistan

2016 ◽  
Vol 04 (01) ◽  
pp. 64-75
Author(s):  
Shahzad Butt ◽  
◽  
Safdar Ali Butt
Keyword(s):  
Financial Performance ◽  
Positive Relationship ◽  
Corporate Social Performance ◽  
Social Performance ◽  
Least Square ◽  
Influential Factor ◽  
Listed Firms ◽  
Financial Firms ◽  
Corporate Social ◽  
The Relationship

This empirical investigation has been conducted to constitute a link between corporate social performance and corporate financial performance in Pakistani listed firms. For this purpose the data from seventy listed non-financial firms at KSE from twenty one sectors which are engaged in CSR activities for a period of six years from 2008 to 2013 was employed. The two-stage least square (TSLS) methodology has been used to explore a link between CSP and CFP. The results of study revealed that there is a simultaneous link between social and financial performance. Corporate social performance has been found as positively linked with the previous CFP which supports the slack resources theory. Social performance initiatives taken by the firms have also been found as having a positive relationship with future CFP. Secondly, this study examined the relationship between financial performance and social performance, and the results disclose that there is a positive relationship between CFP and CSP, and the fore most influential factor of corporate social performance was found to be size of the firms and the association between firm size and CSP was found as positive.

Sign in / Sign up

Export Citation Format

Share Document