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Do Board Gender Diversity and Director Typology Impact CSR Reporting?
Author(s) -
CabezaGarcía Laura,
FernándezGago Roberto,
Nieto Mariano
Publication year - 2017
Publication title -
european management review
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.784
H-Index - 32
eISSN - 1740-4762
pISSN - 1740-4754
DOI - 10.1111/emre.12143
Subject(s) - typology , gender diversity , corporate social responsibility , probit model , accounting , critical mass (sociodynamics) , diversity (politics) , business , probit , corporate governance , ordered probit , public relations , sociology , economics , political science , finance , econometrics , law , social science , anthropology
By studying female directors and their typology, this paper contributes to the empirical evidence relating to board gender diversity and the disclosure of corporate social responsibility (CSR) information. An ordered random effect probit model was applied to a panel of Spanish non‐financial and non‐insurance listed firms over the 2009–2013 period. The analyses revealed that a higher percentage of women in boardrooms and in groups of outside and independent directors imply better CSR disclosure. These results hold for corporations with a critical mass of three women on the board and among outside directors.