Do gender-diverse boards over-invest in corporate social responsibility (CSR)?

Ramdhony, Dinesh and Rashid, Afzalur and Gow, Jeff (2021) Do gender-diverse boards over-invest in corporate social responsibility (CSR)? Gender, Technology and Development, 25 (1). pp. 43-67. ISSN 0971-8524


Abstract

This study investigates the influence of 'board gender diversity' on corporate social responsibility (CSR) over-investment and the extent of CSR reporting. The data are collected from listed companies in Mauritius for the period of 2007–2016. Content analysis is used to quantify CSR reporting in annual reports. The main finding of this study is that gender-diverse boards are associated with higher levels of CSR reporting and also with companies spending beyond the mandated requirements. This study also finds that firm size is positively associated with CSR reporting and CSR over-investment. There is no association between profitability and CSR reporting and particular industries have no impact on such relationship. The paper is among the first to consider CSR over-investment measured using objective criteria. The paper contributes to the scant literature on gender diversity in emerging economies. The findings have implications for companies and policy makers. For companies, it shows the importance of having gender-diverse boards to meet the CSR information needs of stakeholders and the expectations of society in general. Policy makers can use the findings when drafting regulations regarding board composition.


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Item Type: Article (Commonwealth Reporting Category C)
Refereed: Yes
Item Status: Live Archive
Additional Information: Permanent restricted access to Published version in accordance with the copyright policy of the publisher.
Faculty/School / Institute/Centre: Current - Faculty of Business, Education, Law and Arts - School of Business (18 Jan 2021 -)
Faculty/School / Institute/Centre: Current - Faculty of Business, Education, Law and Arts - School of Business (18 Jan 2021 -)
Date Deposited: 24 May 2021 02:32
Last Modified: 12 Oct 2021 04:57
Uncontrolled Keywords: board; corporate social responsibility; gender diversity; over-investment; resource dependency theory
Fields of Research (2008): 15 Commerce, Management, Tourism and Services > 1501 Accounting, Auditing and Accountability > 150199 Accounting, Auditing and Accountability not elsewhere classified
15 Commerce, Management, Tourism and Services > 1501 Accounting, Auditing and Accountability > 150106 Sustainability Accounting and Reporting
Fields of Research (2020): 35 COMMERCE, MANAGEMENT, TOURISM AND SERVICES > 3501 Accounting, auditing and accountability > 350199 Accounting, auditing and accountability not elsewhere classified
Socio-Economic Objectives (2008): E Expanding Knowledge > 97 Expanding Knowledge > 970115 Expanding Knowledge in Commerce, Management, Tourism and Services
Identification Number or DOI: https://doi.org/10.1080/09718524.2021.1880038
URI: http://eprints.usq.edu.au/id/eprint/42013

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