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:
Business Ethics, the Environment & Responsibility
影响因子:
--
通讯作者:
Die Hu
Die Hu
中科院分区:
其他
文献类型:
--
作者:
Yu Wang;Xiaoyi Luo;Tienan Wang;Die Hu

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本研究以表征理论与临界质量理论为基础,探讨女性董事是否被视为等同的表征。我们认为,内部女性董事比外部女性董事更不可能被视为代币,因为她们更有权力和影响力。使用2008年至2017年在上海或深圳证券交易所上市的中国上市公司的10年样本,我们发现即使是一名内部女性董事也可以对企业社会责任(CSR)做出重大贡献,而外部女性董事在其数量达到临界质量(即,三)。结果表明,令牌理论和临界质量理论的预测不同的女性董事类型。这些发现有助于当前的文献整合女性董事类型与他们的数字表示,以解释他们的令牌状态。
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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