Do women drive corporate social responsibility? Evidence from gender diversity reforms around the world

Rong Ding*, Tinghua Duan, Wenxuan Hou, Xianda Liu, Ziwei Xu

*Corresponding author for this work

Research output: Contribution to journalArticlepeer-review

Abstract

In this study we investigate the effect of female director on corporate social responsibility (CSR) by taking the advantage of the introduction of legal gender quota that led to the exogenous change in the female representation in corporate board around the world. We find that the “gender quote” reforms effectively increase gender diversity and improve CSR performance. When comparing the legislation-based regulations with governance code-based regulations, we find that the former brings stronger effects on CSR performance. Finally, the effects are more pronounced in countries with higher gender equality or common law legal systems.
Original languageEnglish
Article number106097
JournalInternational Review of Law and Economics
Volume72
Early online date30 Sep 2022
DOIs
Publication statusPublished - Dec 2022

Keywords

  • corporate governance
  • CSR performance
  • gender diversity reform
  • gender equality

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