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Women on Board: Female Presence on the Board of Directors and Corporate Social Responsibility
| Content Provider | Semantic Scholar |
|---|---|
| Author | Pereira, Andrea |
| Copyright Year | 2017 |
| Abstract | This study examines the correlation between female presence on the board of directors and a company’s corporate social responsibility (CSR) performance. It has been widely accepted that CSR makes business sense; that a company will do well if it does good. Focusing on the importance for, and interest of governments and societies in having more socially responsible businesses, I estimate the relation between female board presence and CSR using 2015 data from the Morgan Stanley Capital International (MSCI) Environmental, Social, and Governance (ESG) indicators as a measure of CSR performance, and the most current data (May 2016) from BoardEx on corporate governance and boardroom processes, including gender composition, for publicly traded companies in the United States. The study finds that, a higher percentage of women on the board is associated with a higher environmental rating of the company. I argue that this positive effect could be explained by the ethics of care theory, which highlights female personality traits (i.e., women’s tendency to be cooperative, democratic, inclusive, and collectivist-oriented) to explain why women are more prone to care for others. |
| File Format | PDF HTM / HTML |
| Alternate Webpage(s) | https://repository.library.georgetown.edu/bitstream/handle/10822/1043972/Pereira_georgetown_0076M_13626.pdf?isAllowed=y&sequence=1 |
| Language | English |
| Access Restriction | Open |
| Content Type | Text |
| Resource Type | Article |
