- Title
- Does female participation in strategic decision-making roles matter for corporate social responsibility performance?
- Creator
- Bose, Sudipta; Hossain, Sarowar; Sobhan, Abdus; Handley, Karen
- Relation
- Accounting and Finance Vol. 62, Issue 3, p. 4109-4156
- Publisher Link
- http://dx.doi.org/10.1111/acfi.12918
- Publisher
- John Wiley & Sons
- Resource Type
- journal article
- Date
- 2022
- Description
- We examine the association between female participation in strategic decision-making roles and corporate social responsibility (CSR) performance using a sample of United States (US) 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.
- Subject
- female; corporate social responsibility performance; chairperson; chief executive officer; chief financial office; board of directors; audit committee
- Identifier
- http://hdl.handle.net/1959.13/1468344
- Identifier
- uon:48038
- Identifier
- ISSN:0810-5391
- Rights
- © 2022 The Authors. Accounting & Finance published by John Wiley & Sons Australia, Ltd on behalf of Accounting and Finance Association of Australia and New Zealand. This is an open access article under the terms of the Creative Commons Attribution License, which permits use, distribution and reproduction in any medium, provided the original work is properly cited.
- Language
- eng
- Full Text
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