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Board Gender Diversity as a CSR tool and financial performance in China. / Amadi, Chibuzo; Guo, Weitong; Ode-Ichakpa, Inalegwu ; Asongu, Simplice .

In: Corporate Governance: An International Review, 2020.

Research output: Contribution to journalArticle

Harvard

Amadi, C, Guo, W, Ode-Ichakpa, I & Asongu, S 2020, 'Board Gender Diversity as a CSR tool and financial performance in China.', Corporate Governance: An International Review.

APA

Amadi, C., Guo, W., Ode-Ichakpa, I., & Asongu, S. (2020). Board Gender Diversity as a CSR tool and financial performance in China.. Manuscript submitted for publication

Vancouver

Amadi C, Guo W, Ode-Ichakpa I, Asongu S. Board Gender Diversity as a CSR tool and financial performance in China. Corporate Governance: An International Review. 2020.

Author

Amadi, Chibuzo ; Guo, Weitong ; Ode-Ichakpa, Inalegwu ; Asongu, Simplice . / Board Gender Diversity as a CSR tool and financial performance in China. In: Corporate Governance: An International Review. 2020.

BibTeX

@article{6387963b31df4cc5a69e94dc51b8020f,
title = "Board Gender Diversity as a CSR tool and financial performance in China.",
abstract = "Using multivariate approach, this study investigates the effect of female representation on boards on the practice of corporate social responsibility (CSR) and financial performance in China. The indicators include average age of female board members, proportion of female board members, TOBIN Q, asset size, and leverage. Results of fixed effects models show that the relationship between female directors and CSR, CSR and Tobin{\textquoteright}s Q, and female directors and Tobin{\textquoteright}s Q are positive. These findings support the upper-echelon and stake holder theories. The results suggest that firms, with gender diverse boards, are more likely to outperform other firms in the areas of social and financial performance. An implication for society and government might be to enact policies and incentives as well as adopt moral suasion as a means to encourage firms, irrespective of size, to embrace gender diversity through increased female board representation, as it could prove to be a veritable CSR tool to boost their public image, long run performance, and benefit society.",
keywords = "CSR, Board Diversity, Upper-echelon theory, Stakeholder theory, fixed effect",
author = "Chibuzo Amadi and Weitong Guo and Inalegwu Ode-Ichakpa and Simplice Asongu",
year = "2020",
language = "English",
journal = "Corporate Governance: An International Review",
issn = "0964-8410",
publisher = "Wiley",

}

RIS

TY - JOUR

T1 - Board Gender Diversity as a CSR tool and financial performance in China.

AU - Amadi, Chibuzo

AU - Guo, Weitong

AU - Ode-Ichakpa, Inalegwu

AU - Asongu, Simplice

PY - 2020

Y1 - 2020

N2 - Using multivariate approach, this study investigates the effect of female representation on boards on the practice of corporate social responsibility (CSR) and financial performance in China. The indicators include average age of female board members, proportion of female board members, TOBIN Q, asset size, and leverage. Results of fixed effects models show that the relationship between female directors and CSR, CSR and Tobin’s Q, and female directors and Tobin’s Q are positive. These findings support the upper-echelon and stake holder theories. The results suggest that firms, with gender diverse boards, are more likely to outperform other firms in the areas of social and financial performance. An implication for society and government might be to enact policies and incentives as well as adopt moral suasion as a means to encourage firms, irrespective of size, to embrace gender diversity through increased female board representation, as it could prove to be a veritable CSR tool to boost their public image, long run performance, and benefit society.

AB - Using multivariate approach, this study investigates the effect of female representation on boards on the practice of corporate social responsibility (CSR) and financial performance in China. The indicators include average age of female board members, proportion of female board members, TOBIN Q, asset size, and leverage. Results of fixed effects models show that the relationship between female directors and CSR, CSR and Tobin’s Q, and female directors and Tobin’s Q are positive. These findings support the upper-echelon and stake holder theories. The results suggest that firms, with gender diverse boards, are more likely to outperform other firms in the areas of social and financial performance. An implication for society and government might be to enact policies and incentives as well as adopt moral suasion as a means to encourage firms, irrespective of size, to embrace gender diversity through increased female board representation, as it could prove to be a veritable CSR tool to boost their public image, long run performance, and benefit society.

KW - CSR

KW - Board Diversity

KW - Upper-echelon theory

KW - Stakeholder theory

KW - fixed effect

M3 - Article

JO - Corporate Governance: An International Review

JF - Corporate Governance: An International Review

SN - 0964-8410

ER -

ID: 4222814