The effects of female executives on corporate philanthropy in China

Cisheng Wu, Hui Guang, Jing Xu and Sijia Wang

Corporate Social Responsibility and Environmental Management, 2019, vol. 26, issue 3, 628-643

Abstract: This paper investigates the relationship between female executives and corporate philanthropy in China with a sample of 1,944 listed A‐share Chinese companies selected from the Shanghai and Shenzhen security markets from 2014 to 2016. The results show that regarding corporate philanthropic behavior, existing female executives or top managers (chairperson or CEO) who are female will stimulate philanthropy. In the scale of corporate philanthropy, existing female executives have no significant effect on the scale of philanthropy, whereas the proportion of female executives has a promoting effect on the scale of philanthropy. In addition, the nature of the actual controller of corporations and the degree of industry competition influence female executives' tendency to promote corporate philanthropy. Existing female executives in nonstate‐controlled corporations are more likely to promote philanthropy than those in state‐controlled corporations. Existing female executives in corporations facing a normal degree of industry competition promote philanthropy more than those in corporations with a strong or weak degree of industry competition.

Date: 2019
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https://doi.org/10.1002/csr.1708

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Persistent link: https://EconPapers.repec.org/RePEc:wly:corsem:v:26:y:2019:i:3:p:628-643

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