Female directors on boards. The impact of faultlines on CSR reporting
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Otros documentos de la autoría: Ramon-Llorens, M. Camino; García-Meca, Emma; Pucheta-Martínez, María Consuelo
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INVESTIGACIONMetadatos
Título
Female directors on boards. The impact of faultlines on CSR reportingFecha de publicación
2020Editor
EmeraldISSN
2040-8021Cita bibliográfica
RAMON-LLORENS, M. Camino; GARCIA-MECA, Emma; PUCHETA-MARTÍNEZ, María Consuelo. Female directors on boards. The impact of faultlines on CSR reporting. Sustainability Accounting, Management and Policy Journal, 2020Tipo de documento
info:eu-repo/semantics/articleVersión de la editorial
https://www.emerald.com/insight/content/doi/10.1108/SAMPJ-07-2019-0273/full/htmlVersión
info:eu-repo/semantics/submittedVersionPalabras clave / Materias
Resumen
Purpose: This paper analyzes the role of female directors on CSR disclosure. It assumes the
existence of faultlines when studying gender diversity and classifies female directors into three
categories: industry ... [+]
Purpose: This paper analyzes the role of female directors on CSR disclosure. It assumes the
existence of faultlines when studying gender diversity and classifies female directors into three
categories: industry experts, advisors, and community leaders. It also examines the influence
of the power of female directors as a moderator on the association between female director
categories and CSR disclosure.
Design/methodology/approach: The paper is based on a dynamic Generalized Method of
Moments panel estimator which allows the control of unobservable heterogeneity and
endogeneity and reduces estimation bias.
Findings: Results confirm the double-sided nature of gender diversity, noting different
behavior among female directors according to their experience and backgrounds. Moreover, the
dominating owner position of female directors can balance and moderate the effect of female
directors appointed for their technical knowledge or political and social ties. The results also
confirm the necessity to not consider all women directors as a homogeneous group and explore
the influence and interrelations of female faultlines on CSR disclosure.
Practical implications: The paper highlights the need to consider the specific skills, expertise,
and connections of female board members when analyzing the effect of board composition, and
supports the view that firms should emphasize the unique human and social capital of directors
to understand how boards impact on firm strategies. Specifically, we support the
recommendations of the European Commission (2011) regarding the need to increase skills and
expertise when selecting new non-executive female board members.
Social implications: At a time when most governments are introducing active policies that
require firms to nominate women to boards, the understanding of the consequences of women’s
presence on boards and the interrelations between female power and the diverse categories of
female directors is timely and important.
Originality/value: This is the first paper that provides empirical evidence to the scarcelystudied area of the human and social capital of female directors’ roles in CSR disclosure,
providing an alternative view of the role of women in corporate board effectiveness. [-]
Publicado en
Sustainability Accounting, Management and Policy Journal, 2020Proyecto de investigación
The authors wish to acknowledge financial support from the Spanish Ministry of Economy, Industry and Competitiveness for the research project ECO 2017–82259-R.Derechos de acceso
http://rightsstatements.org/vocab/CNE/1.0/
info:eu-repo/semantics/openAccess
info:eu-repo/semantics/openAccess
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