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Female executive leadership and corporate social responsibility

Author

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  • Soonchul Hyun
  • Jong Min Kim
  • Jeongsoo Han
  • Mark Anderson

Abstract

We examine how increased female participation in top executive leadership affects corporate social responsibility (CSR). Applying a long‐window, event study approach with matching, we first document that CSR ratings improve with increased female participation in the top executive team, consistent with expectations based on previous research. Then, we examine specific ways that female participation impacts CSR decision‐making. We predict and find that increased female participation brings more attention to remediating CSR concerns. We also predict and find that, in the uncertain economic times following the global financial crisis, increased female participation moderated addition of new CSR strengths.

Suggested Citation

  • Soonchul Hyun & Jong Min Kim & Jeongsoo Han & Mark Anderson, 2022. "Female executive leadership and corporate social responsibility," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 62(3), pages 3475-3511, September.
    • Handle: RePEc:bla:acctfi:v:62:y:2022:i:3:p:3475-3511
    DOI: 10.1111/acfi.12894
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