Effects of female directors on gender diversity at lower organization levels and CSR performance: Evidence in Japan

Thanh Thi Phuong Nguyen and Hanh Minh Thai

Global Finance Journal, 2022, vol. 53, issue C

Abstract: This paper examines the effects of board gender diversity on female representation at lower organization levels and corporate social responsibility (CSR) performance. Using a panel data set of more than 1000 Japanese listed firms from 2005 to 2014, we focus on firms that introduced female directors to their male-dominant boards for the first time and find that the first-introduced female directors are positively associated with a greater number of female officers and managers. The introduction of the first female director is also associated with better CSR performance. Our results are statistically significant and suggest that board gender diversity has an effect on promoting gender diversity at lower levels and CSR performance in listed firms.

Keywords: Board gender diversity; CSR; Corporate governance; Japan; Female directors (search for similar items in EconPapers)
Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (7)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:glofin:v:53:y:2022:i:c:s1044028322000515

DOI: 10.1016/j.gfj.2022.100749

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