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    Hidden connections: the link between board gender diversity and corporate social performance

    Boulouta, Ioanna (2013) Hidden connections: the link between board gender diversity and corporate social performance. Journal of Business Ethics 113 (2), pp. 185-197. ISSN 0167-4544.

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    Abstract

    This study examines whether and how female board directors may affect corporate social performance (CSP) by drawing on social role theory and feminist ethics literature. The empirical analysis, based on a sample of 126 firms drawn from the S&P500 group of companies over a five-year period, suggests that board gender diversity (BGD) significantly affects corporate social performance. However, this impact depends on the social performance metric under investigation. In particular, more gender diverse boards exert stronger influence on CSP metrics focusing on ‘negative’ business practices, such as the ‘concerns’ dimension of the Kinder Lydenberg Domini, Inc. (KLD) ratings . This is because such CSP ratings have the potential to induce higher levels of ‘empathic caring’, which strongly appeals to female directors. Hence, this study reveals further hidden connections in the BGD-CSP link which have important implications for managers, nongovernmental organisations and socially responsible investors.

    Metadata

    Item Type: Article
    Keyword(s) / Subject(s): board gender, diversity, corporate social performance, empathy, ethics of care, feminist ethics, gender stereotypes, social role theory
    School: School of Business, Economics & Informatics > Management
    Research Centres and Institutes: Responsible Business Centre
    Depositing User: Ioanna Boulouta
    Date Deposited: 21 Mar 2013 15:31
    Last Modified: 09 Dec 2016 11:07
    URI: https://eprints.bbk.ac.uk/id/eprint/6306

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