The moderating role of CSR in board gender diversity and firm financial performance: empirical evidence from an emerging economy
Autor(a) principal: | |
---|---|
Data de Publicação: | 2021 |
Outros Autores: | , , , , , |
Tipo de documento: | Artigo |
Idioma: | eng |
Título da fonte: | Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
Texto Completo: | http://hdl.handle.net/10071/22425 |
Resumo: | The current study aims to investigate the moderating role of corporate social responsibility (CSR) in board gender diversity and firm financial performance. We used the panel data regression (fixed effect) in our analysis to check the moderating role of CSR in the board gender diversity and the firm financial performance. We collected the data of Chinese listed companies from the Shenzhen and Shanghai stock exchanges from the China stock market and accounting research (CSMAR) database. We used a two-stage least square (TSLS) regression model to control the possible problem of endogeneity. Our results show that higher representation of female directors in the board is positively related to firm financial performance and that CSR has a significantly positive effect when moderating the relation between board gender diversity and firm financial performance. Besides, three control variables (board size, board member average age, and Big4) have a positive impact on the firm performance, having the leverage variable a negative impact on the firm performance. Our findings hold for a set of robustness tests. This study has important implications, namely by enriching the existing literature on CSR and by highlighting the importance of board gender diversity, and emphasizing the importance of the reporting of more CSR activities and its impact on the decision-making process. |
id |
RCAP_725f9c2e0d67947879e5f62b67bf133c |
---|---|
oai_identifier_str |
oai:repositorio.iscte-iul.pt:10071/22425 |
network_acronym_str |
RCAP |
network_name_str |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
repository_id_str |
7160 |
spelling |
The moderating role of CSR in board gender diversity and firm financial performance: empirical evidence from an emerging economyBoard gender diversityFirm financial performanceCSRCorporate financeThe current study aims to investigate the moderating role of corporate social responsibility (CSR) in board gender diversity and firm financial performance. We used the panel data regression (fixed effect) in our analysis to check the moderating role of CSR in the board gender diversity and the firm financial performance. We collected the data of Chinese listed companies from the Shenzhen and Shanghai stock exchanges from the China stock market and accounting research (CSMAR) database. We used a two-stage least square (TSLS) regression model to control the possible problem of endogeneity. Our results show that higher representation of female directors in the board is positively related to firm financial performance and that CSR has a significantly positive effect when moderating the relation between board gender diversity and firm financial performance. Besides, three control variables (board size, board member average age, and Big4) have a positive impact on the firm performance, having the leverage variable a negative impact on the firm performance. Our findings hold for a set of robustness tests. This study has important implications, namely by enriching the existing literature on CSR and by highlighting the importance of board gender diversity, and emphasizing the importance of the reporting of more CSR activities and its impact on the decision-making process.Taylor and Francis2021-04-09T13:16:18Z2021-01-01T00:00:00Z20212021-08-05T16:45:39Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfhttp://hdl.handle.net/10071/22425eng1331-677X10.1080/1331677X.2020.1863829Jiang, L.Cherian, J.Sial, M. S.Wan, P.Filipe, J.Mata, M. N.Chen, X.info:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2023-11-09T17:27:44Zoai:repositorio.iscte-iul.pt:10071/22425Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-19T22:12:22.647487Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse |
dc.title.none.fl_str_mv |
The moderating role of CSR in board gender diversity and firm financial performance: empirical evidence from an emerging economy |
title |
The moderating role of CSR in board gender diversity and firm financial performance: empirical evidence from an emerging economy |
spellingShingle |
The moderating role of CSR in board gender diversity and firm financial performance: empirical evidence from an emerging economy Jiang, L. Board gender diversity Firm financial performance CSR Corporate finance |
title_short |
The moderating role of CSR in board gender diversity and firm financial performance: empirical evidence from an emerging economy |
title_full |
The moderating role of CSR in board gender diversity and firm financial performance: empirical evidence from an emerging economy |
title_fullStr |
The moderating role of CSR in board gender diversity and firm financial performance: empirical evidence from an emerging economy |
title_full_unstemmed |
The moderating role of CSR in board gender diversity and firm financial performance: empirical evidence from an emerging economy |
title_sort |
The moderating role of CSR in board gender diversity and firm financial performance: empirical evidence from an emerging economy |
author |
Jiang, L. |
author_facet |
Jiang, L. Cherian, J. Sial, M. S. Wan, P. Filipe, J. Mata, M. N. Chen, X. |
author_role |
author |
author2 |
Cherian, J. Sial, M. S. Wan, P. Filipe, J. Mata, M. N. Chen, X. |
author2_role |
author author author author author author |
dc.contributor.author.fl_str_mv |
Jiang, L. Cherian, J. Sial, M. S. Wan, P. Filipe, J. Mata, M. N. Chen, X. |
dc.subject.por.fl_str_mv |
Board gender diversity Firm financial performance CSR Corporate finance |
topic |
Board gender diversity Firm financial performance CSR Corporate finance |
description |
The current study aims to investigate the moderating role of corporate social responsibility (CSR) in board gender diversity and firm financial performance. We used the panel data regression (fixed effect) in our analysis to check the moderating role of CSR in the board gender diversity and the firm financial performance. We collected the data of Chinese listed companies from the Shenzhen and Shanghai stock exchanges from the China stock market and accounting research (CSMAR) database. We used a two-stage least square (TSLS) regression model to control the possible problem of endogeneity. Our results show that higher representation of female directors in the board is positively related to firm financial performance and that CSR has a significantly positive effect when moderating the relation between board gender diversity and firm financial performance. Besides, three control variables (board size, board member average age, and Big4) have a positive impact on the firm performance, having the leverage variable a negative impact on the firm performance. Our findings hold for a set of robustness tests. This study has important implications, namely by enriching the existing literature on CSR and by highlighting the importance of board gender diversity, and emphasizing the importance of the reporting of more CSR activities and its impact on the decision-making process. |
publishDate |
2021 |
dc.date.none.fl_str_mv |
2021-04-09T13:16:18Z 2021-01-01T00:00:00Z 2021 2021-08-05T16:45:39Z |
dc.type.status.fl_str_mv |
info:eu-repo/semantics/publishedVersion |
dc.type.driver.fl_str_mv |
info:eu-repo/semantics/article |
format |
article |
status_str |
publishedVersion |
dc.identifier.uri.fl_str_mv |
http://hdl.handle.net/10071/22425 |
url |
http://hdl.handle.net/10071/22425 |
dc.language.iso.fl_str_mv |
eng |
language |
eng |
dc.relation.none.fl_str_mv |
1331-677X 10.1080/1331677X.2020.1863829 |
dc.rights.driver.fl_str_mv |
info:eu-repo/semantics/openAccess |
eu_rights_str_mv |
openAccess |
dc.format.none.fl_str_mv |
application/pdf |
dc.publisher.none.fl_str_mv |
Taylor and Francis |
publisher.none.fl_str_mv |
Taylor and Francis |
dc.source.none.fl_str_mv |
reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação instacron:RCAAP |
instname_str |
Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
instacron_str |
RCAAP |
institution |
RCAAP |
reponame_str |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
collection |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
repository.name.fl_str_mv |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
repository.mail.fl_str_mv |
|
_version_ |
1799134678759768064 |