Skip to main content

Research Repository

Advanced Search

Female directors and CSR: Does the presence of female directors affect CSR focus?

Ren, Xingzi; Li, Jiarong; Wang, Xing; Lei, Xingfan

Female directors and CSR: Does the presence of female directors affect CSR focus? Thumbnail


Authors

Xingzi Ren

Jiarong Li

Xingfan Lei



Abstract

This study examines the impact of female directors on CSR by drawing on social role theory and literature about female leadership style. Using a sample of Chinese firms from 2007 to 2021, we show a strong correlation between female directors and an enhancement in aggregate and particularly, internal CSR engagement. The relationship between female director and external CSR is negative but not significant. Further analysis reveals that in regions with stronger societal expectations towards females, the contributions of female directors to CSR activities become more pronounced. Our findings further demonstrate that a critical mass of female directors on the board is necessary to exert substantial influence on internal CSR initiatives. Notably, we find that female directors in independent and monitoring roles particularly effective in advancing internal CSR initiatives.

Citation

Ren, X., Li, J., Wang, X., & Lei, X. (2024). Female directors and CSR: Does the presence of female directors affect CSR focus?. International Review of Financial Analysis, 92, Article 103101. https://doi.org/10.1016/j.irfa.2024.103101

Journal Article Type Article
Acceptance Date Jan 17, 2024
Online Publication Date Jan 21, 2024
Publication Date 2024-03
Deposit Date Apr 4, 2024
Publicly Available Date Apr 4, 2024
Journal International Review of Financial Analysis
Print ISSN 1057-5219
Publisher Elsevier
Peer Reviewed Peer Reviewed
Volume 92
Article Number 103101
DOI https://doi.org/10.1016/j.irfa.2024.103101
Public URL https://durham-repository.worktribe.com/output/2377935
Related Public URLs https://centaur.reading.ac.uk/114818/

Files





You might also like



Downloadable Citations