By what way women on corporate boards influence corporate social performance? Evidence from a semiparametric panel model

Maria Giuseppina Bruna (), Rey Dang (), L'Hocine Houanti (), Jean-Michel Sahut and Michel Simioni ()
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Maria Giuseppina Bruna: IPAG Business School - Chaire IPAG "Entreprise Inclusive" - IPAG Business School
Rey Dang: ISTEC - Institut supérieur des Sciences, Techniques et Economie Commerciales - ISTEC
L'Hocine Houanti: Métis Lab EM Normandie - EM Normandie - École de Management de Normandie = EM Normandie Business School
Jean-Michel Sahut: IDRAC Business school Lyon - Institut pour le Développement et la Recherche d'Action Commerciale - Université de Lyon
Michel Simioni: UMR MoISA - Montpellier Interdisciplinary center on Sustainable Agri-food systems (Social and nutritional sciences) - Cirad - Centre de Coopération Internationale en Recherche Agronomique pour le Développement - IRD - Institut de Recherche pour le Développement - CIHEAM-IAMM - Centre International de Hautes Etudes Agronomiques Méditerranéennes - Institut Agronomique Méditerranéen de Montpellier - CIHEAM - Centre International de Hautes Études Agronomiques Méditerranéennes - INRAE - Institut National de Recherche pour l’Agriculture, l’Alimentation et l’Environnement - Institut Agro Montpellier - Institut Agro - Institut national d'enseignement supérieur pour l'agriculture, l'alimentation et l'environnement, TSE-R - Toulouse School of Economics - UT Capitole - Université Toulouse Capitole - UT - Université de Toulouse - EHESS - École des hautes études en sciences sociales - CNRS - Centre National de la Recherche Scientifique - INRAE - Institut National de Recherche pour l’Agriculture, l’Alimentation et l’Environnement

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Abstract: Given the contrasting empirical results of the literature, the question of the influence of the presence of women on corporate boards of directors (WOCB) on the corporate social performance (CSP), we revisit this problem by developing a semi-parametric approach to capture the non-linear effects of this relationship. The results show that sociological diversity, organizational learning, and pluralistic regulation all play critical roles in CSP. Feminization of the Board successfully helps to the enrichment of its decision-making by increasing the total cognitive, knowledge, and skill diversity. Nonetheless, when a threshold value is achieved, the positive marginal impact of Board feminization on CSP declines while WOCB grows, implying a diminishing marginal utility.

Keywords: Corporate governance; Women on corporate boards; Corporate social responsibility; Corporate social performance; Diversity (search for similar items in EconPapers)
Date: 2022-06
Note: View the original document on HAL open archive server: https://hal.inrae.fr/hal-03693781v1
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Citations: View citations in EconPapers (7)

Published in Finance Research Letters, 2022, 49, 7 p. ⟨10.1016/j.frl.2022.103048⟩

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-03693781

DOI: 10.1016/j.frl.2022.103048

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