Do women drive corporate social responsibility? Evidence from gender diversity reforms around the world

Rong Ding, Tinghua Duan, Wenxuan Hou, Xianda Liu and Ziwei Xu
Additional contact information
Rong Ding: NEOMA - Neoma Business School
Tinghua Duan: LEM - Lille économie management - UMR 9221 - UA - Université d'Artois - UCL - Université catholique de Lille - Université de Lille - CNRS - Centre National de la Recherche Scientifique
Wenxuan Hou: School of Finance, Shanghai Lixin University of Accounting and Finance
Xianda Liu: Institute of Finance and Banking, Chinese Academy of Social Sciences, Beijing
Ziwei Xu: The University of Edinburgh

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Abstract: In this study we investigate the effect of female director on corporate social responsibility (CSR) by taking the advantage of the introduction of legal gender quota that led to the exogenous change in the female representation in corporate board around the world. We find that the "gender quote" reforms effectively increase gender diversity and improve CSR performance. When comparing the legislation-based regulations with governance code-based regulations, we find that the former brings stronger effects on CSR performance. Finally, the effects are more pronounced in countries with higher gender equality or common law legal systems.

Keywords: Gender diversity reform; CSR performance; Gender equality; Corporate governance (search for similar items in EconPapers)
Date: 2022-12
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Citations: View citations in EconPapers (7)

Published in International Review of Law and Economics, 2022, 72, pp.106097. ⟨10.1016/j.irle.2022.106097⟩

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-03977290

DOI: 10.1016/j.irle.2022.106097

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