Go beyond tokens: Number and type both matter
Go beyond tokens: Number and type both matter
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超越代币:数量和类型都很重要
DOI:
10.1111/beer.12352
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发表时间:
2021-05
期刊:
影响因子:
--
通讯作者:
Die Hu
中科院分区:
文献类型:
--
作者:
Yu Wang;Xiaoyi Luo;Tienan Wang;Die Hu
Drawing upon token theory and critical mass theory, this study examines whether all female directors are equally considered as tokens. We argue that inside female directors are less likely than outside female directors to be considered as tokens because they are more powerful and influential. Using a 10‐year sample of Chinese publicly listed firms on the Shanghai or Shenzhen Stock Exchanges from 2008 to 2017, we find that even one inside female director can make a significant contribution to corporate social responsibility (CSR), while outside female directors do not have a positive effect on CSR until their number reaches the critical mass (i.e., three). The results suggest that the predictions of token theory and critical mass theory vary across female director types. These findings contribute to the current literature by integrating female director typology with their numerical representation to explain their token status.
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影响因子:
9.8
作者:
María‐Florencia Amorelli;Isabel‐María García‐Sánchez
通讯作者:
María‐Florencia Amorelli;Isabel‐María García‐Sánchez
影响因子:
1.1
作者:
David Souder;J. Shaver
通讯作者:
David Souder;J. Shaver
DOI:
10.2139/ssrn.2638512
发表时间:
2016-09
期刊:
Corporate Governance & Finance eJournal
影响因子:
--
作者:
Jigao Zhu;Kangtao Ye;J. Tucker;Kam C. Chan
通讯作者:
Jigao Zhu;Kangtao Ye;J. Tucker;Kam C. Chan
影响因子:
2.2
作者:
FAMA, EF;JENSEN, MC
通讯作者:
JENSEN, MC
DOI:
10.1002/smj.2286
发表时间:
2014-06
期刊:
O&M: Firms & Other Social Institutions eJournal
影响因子:
--
作者:
Yi Tang;C. Qian;Guoli Chen;R. Shen
通讯作者:
Yi Tang;C. Qian;Guoli Chen;R. Shen