What is it about?
This study examines the influence of encyclicals and other writings across three different papacies (John Paul II, Benedict XVI, and Francis) on local religiosity and female representations. This study finds that local religiosity and female representation on the Board are positively related with firms' corporate social responsibility (CSR) performance. We also find that CEO personal religiosity is positively related with CSR performance.
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Why is it important?
This study shows that the influence of Catholic Social Teaching (CST) through the papacies' Encyclicals and Other Writings on local religiosity and female representation have positive effect on corporate social responsibility (CSR) performance. More importantly, it highlights the roles of local religiosity, CEO personal religiosity, and female presence on the board to enhance firms' CSR performance.
Perspectives
This study conducts a unique textual analysis (word frequencies) on papacies' Encyclicals and Other Writings and find that the papacies' direct message reflected in word frequencies related to religiosity and gender equality are related to local religiosity and female representation on the board. Overall, the study highlights the influence of Catholic Social Teaching on CSR performance for Italian listed companies.
Dr Maretno Agus Harjoto
Graziadio Business School - Pepperdine University
Read the Original
This page is a summary of: Religiosity, female directors, and corporate social responsibility for Italian listed companies, Journal of Business Research, August 2018, Elsevier,
DOI: 10.1016/j.jbusres.2018.08.013.
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