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How Does Board Gender Diversity Influence the Likelihood of Becoming a UN Global Compact Signatory? The Mediating Effect of the CSR Committee

Jennifer Martínez-Ferrero (), Mehmet Eryilmaz () and Nese Colakoglu ()
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Jennifer Martínez-Ferrero: IME (Multidisciplinary Institute for Enterprise), Universidad de Salamanca, 37007 Salamanca, Spain
Mehmet Eryilmaz: Department of Business Administration, Faculty of Economics and Administrative Sciences, Bursa Uludag University, 16059 Nilüfer, Bursa, Turkey
Nese Colakoglu: Free Researcher, 16059 Bursa, Turkey

Sustainability, 2020, vol. 12, issue 10, 1-19

Abstract: The aim of this study was to improve the understanding of the factors determining a firm’s affiliation with the United Nations Global Compact (UN GC) as the largest voluntary corporate responsibility initiative worldwide. Drawing on the board perspective of the firm, this paper examines the effect of gender diversity and the mediating effect of the existence of a corporate social responsibility (CSR) committee. To test the paper’s objectives, the authors use an international sample of analysis of 29,951 firm-year observations from 2012 to 2018. The results suggest that female directors on the board significantly encourage the firm’s affiliation with the UN GC and support the mediating effect of the existence of a CSR committee. Therefore, the positive impact of female directors on UN GC signatories appears to be mediated by the existence of a CSR committee.

Keywords: United Nations Global Compact; board gender diversity; CSR committee (search for similar items in EconPapers)
JEL-codes: Q Q0 Q2 Q3 Q5 Q56 O13 (search for similar items in EconPapers)
Date: 2020
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