Female Directors and CSR: Does the Presence of Female Directors Affect CSR Focus?

• DOI: 10.2139/ssrn.4518365
• Publication Date: 2023-07-22T15:18:16Z
• Authors: XINGZI REN; Jiarong LI; Xing Wang; Xingfan Lei
• Keywords: Affect

Using a sample of Chinese firms from 2007 to 2021, this study unravels the distinct influence female directorship on corporate social responsibility (CSR) activities. We show strong correlation between directors and an enhancement in overall particularly, internal CSR engagement. The relationship presentation board external is negative but not significant. findings are robust alternative model specifications, proxies for CSR, reverse causality, omitted variable concerns. further find that societal expectations amplify engagement, reaffirming our hypothesis shape director decision-making processes hence firm activity. Moreover, we when constitute critical mass backed by women executive roles, their impact bolstering initiatives significantly intensifies. Among these directors, independent monitoring distinctly stand out, playing pivotal roles guiding focus towards CSR. Overall, results suggest crucial promoting especially