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Gender diversity on the board and firms’ corporate social responsibility

dc.contributor.authorGaio, Cristina
dc.contributor.authorGonçalves, Tiago Cruz
dc.date.accessioned2022-05-26T10:33:06Z
dc.date.available2022-05-26T10:33:06Z
dc.date.issued2022-02
dc.description.abstractCorporate Social Responsibility (CSR) has progressively assumed a strategic role in corporate business. In this sense, the board of directors (Board) assumes a preponderant role, since they make decisions about business strategy. One considerably debated characteristic of Board diversity is gender, since women differ from men in terms of personality, communication style, and values. Therefore, this study analyzes the relationship between CSR and gender diversity on Boards, in a sample of European public firms. Results indicate that firms with a higher percentage of women in the Board have higher CSR practices, suggesting that the presence of women can play an important role in terms of CSR decisions, contributing to more social and sustainable firms. Results also suggest that management teams with a higher female percentage associate with better CSR scores, and firms that exhibit both a higher percentage of women on the Board and on the management team improve CSR scores. From an ethical perspective, more socially responsible firms present more trustworthy financial information, and more sustainable economic performance, which decreases risk assessment from their business partners and remaining stakeholders. Thus, results may be of interest to different stakeholders, such as policymakers, investors, and business partners, in order to increase firms’ involvement in CSRpt_PT
dc.description.versioninfo:eu-repo/semantics/publishedVersionpt_PT
dc.identifier.citationGaio, Cristina, and Tiago Cruz Gonçalves (2022). "Gender diversity on the board and firms’ corporate social responsibility." International Journal of Financial Studies Vol.10. No.1: pp. 1-16.pt_PT
dc.identifier.issn2227-7072 (EISSN)
dc.identifier.urihttp://hdl.handle.net/10400.5/24388
dc.language.isoengpt_PT
dc.publisherMDPIpt_PT
dc.subjectBoard of Directorspt_PT
dc.subjectCorporate Social Responsibilitypt_PT
dc.subjectGender Diversitypt_PT
dc.titleGender diversity on the board and firms’ corporate social responsibilitypt_PT
dc.typejournal article
dspace.entity.typePublication
rcaap.rightsopenAccesspt_PT
rcaap.typearticlept_PT

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