The influence of culture on the relationship between women directors and corporate social performance

• 成果类型: Article
• 署名作者: Marano, Valentina; Sauerwald, Steve; Van Essen, Marc
• 署名单位: Northeastern University; University of Illinois System; University of Illinois Chicago; University of Illinois Chicago Hospital; University of South Carolina System; University of South Carolina Columbia
• 刊物名称: JOURNAL OF INTERNATIONAL BUSINESS STUDIES
• ISSN/ISSBN: 0047-2506
• DOI: 10.1057/s41267-022-00503-z
• 发表日期: 2022
• 页码: 1315-1342
• 关键词: Board of directors; women directors; Corporate social responsibility; NATIONAL CULTURE; upper echelons theory; social role theory; MULTILEVEL ANALYSIS

摘要

We examine the relationship between women directors and corporate social performance (CSP) by considering the contingency effects of home-country culture. Drawing on upper echelons and social role theories, we hypothesize that greater women representation on boards positively affects CSP due to their distinctive expertise, perspectives, and knowledge in this area, which strengthen their firms' attention and resources devoted to it. We then draw on the cultural perspective to explain how national culture moderates this relationship by shaping the salience of women directors' views and boards' openness to them. Based on data for 3175 firms across 38 countries between 2008 and 2015, our multilevel analysis provides support for most of our hypotheses.