Diverse board and corporate social responsibility performance

What is it about?

Board diversity is associated with a greater number of areas in which CSR is strong and a fewer number of areas in which CSR is a concern. This study finds that gender, tenure, and expertise diversities seem to be the driving factors of firms’ CSR activities. Furthermore, we find that board diversity significantly increases CSR performance by increasing CSR strengths and reducing CSR concerns for firms producing consumer-oriented products and firms operating in more competitive industries.

Featured Image

Why is it important?

Board diversity in terms of gender, tenure, and expertise diversities is positively related to firms' CSR performance.