Does Female Participation in Strategic Decision-Making Roles Matter for Corporate Social Responsibility Performance?

Bose, Sudipta, Hossain, Sarowar, Sobhan, Abdus and Handley, Karen (2022) Does Female Participation in Strategic Decision-Making Roles Matter for Corporate Social Responsibility Performance? Accounting and Finance. ISSN 0810-5391 (In Press)

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Official URL: https://doi.org/10.1111/acfi.12918

Abstract

We examine the association between female participation in strategic decision-making roles and corporate social responsibility (CSR) performance using a sample of United States firms from 2001 to 2018. Female participation in strategic decision-making roles is measured using: (i) the female presence in different positions on the board of directors, such as female board member, independent board member, chairperson and audit committee member; and (ii) the female presence in top management roles, such as chief executive officer (CEO) and chief financial officer (CFO). We find that female participation in strategic decision-making roles is positively associated with CSR performance. In investigating the ‘tokenism’ aspect of female participation on the board, our results contradict the ‘tokenism’ argument for appointing females to boards, instead supporting their real influence on CSR performance. These findings are important to regulators, policy makers, company management and other stakeholders with an interest in how increased female participation in strategic decision-making roles influences CSR performance.

Item Type: Article
Uncontrolled Keywords: Female, corporate social responsibility performance, Chairperson, Chief Executive Officer, Chief Financial Officer, board of directors, audit committee
Subjects: N100 Business studies
N200 Management studies
Department: Faculties > Business and Law > Newcastle Business School
Depositing User: John Coen
Date Deposited: 17 Jan 2022 14:42
Last Modified: 07 Mar 2022 17:50
URI: http://nrl.northumbria.ac.uk/id/eprint/48187

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