Critical mass of female directors, human capital, and stakeholder engagement by corporate social reporting
Critical mass of female directors, human capital, and stakeholder engagement by corporate social reporting
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DOI：
10.1002/csr.1793
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发表时间：
2019
影响因子：
9.8
通讯作者：
María‐Florencia Amorelli;Isabel‐María García‐Sánchez
中科院分区：
文献类型：
--
作者：
María‐Florencia Amorelli;Isabel‐María García‐Sánchez
本文旨在探讨两个密切相关的问题：第一，董事会中女性董事的存在对公司社会责任披露的影响，重点是这一少数群体的必要临界质量，第二，董事会成员的人力资本-她们的背景、技能、经验--通过平等董事会成员的认知效应，有利于女性董事的内在特征。对于2007年至2016年的9，744个公司年观察结果的国际样本，提出了不同的面板数据回归。本研究的结果揭示了性别董事会多元化对自愿社会责任披露的积极影响，通过检查董事会中至少有三名女性的存在-临界质量。此外，该文件报告了更大的影响时，董事会的背景，技能和经验更大。作为补充分析，证据表明，女性的角色并没有保持当女性实现董事长的位置，也就是说，女性董事采用男性的刻板印象自愿信息披露时，他们也是公司的董事长，独立的人力资本的董事会成员。
This paper aims to examine two closely related issues: first, the effect of the presence of female directors on boards on corporate social responsibility disclosure, focusing on the necessary critical mass of this minority group, and, second, the moderation of the human capital of board members—their background, skills, and experience—that could favor the intrinsic female directors' characteristics through the cognitive effect of equal board members. For an international sample of 9,744 firm‐year observations from 2007 to 2016, different panel data regressions are proposed. The findings of this study reveal a positive impact of gender board diversity on voluntary socially responsible disclosure by examining the presence of at least three women on the board—the critical mass. Moreover, the paper reports a greater effect when the board's background, skills, and experience are greater. As a supplemental analysis, the evidence shows that the female role does not remain when women achieve the position of chairperson; that is, female directors adopt a male stereotype regarding voluntary information disclosure when they are also the chairperson of the firm, independently of the human capital of the board members.