When Do Women Make a Better Table? Examining the Influence of Women Directors on Family Firm’s Corporate Social Performance

Cristina Cruz, Rachida Justo, Martín Larraza-Kintana and Lucía Garcés-Galdeano

Entrepreneurship Theory and Practice, 2019, vol. 43, issue 2, 282-301

Abstract: Our paper seeks to further understand the influence of gender board diversity on firms’ corporate social performance (CPS) in the context of publicly held family firms. Grounded on corporate governance and family firm literature, we argue that the influence of women directors on CSP will be contingent on their relative power and legitimacy within the board, and that such dynamics are particularly important in family firm boardrooms. Our empirical results show that increases in CSP associated with the presence of women in the boards of family firms are due mainly to the presence of outsider nonfamily and insider family women directors. Implications for the theory of family firms are discussed.

Keywords: family firms; CSP; corporate governance; gender board diversity; women director; outside/inside woman director (search for similar items in EconPapers)
Date: 2019
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Citations: View citations in EconPapers (11)

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Persistent link: https://EconPapers.repec.org/RePEc:sae:entthe:v:43:y:2019:i:2:p:282-301

DOI: 10.1177/1042258718796080

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