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Do Female Board Directors Promote Corporate Social Responsibility? An Empirical Study Based on the Critical Mass Theory

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  • Weiliu Yang
  • Jinlei Yang
  • Zhitong Gao

Abstract

Based on the critical mass theory, we study the relationship between the number and background characteristics of female directors and corporate social responsibility (CSR). We use the data of Chinese listed companies from 2011 to 2016. Empirical evidence shows that the number of female directors, the number of female independent directors, female directors’ educational background and monetary compensation upon the fulfillment of corporate social responsibility was not statistically significant. The age and the part-time ratio of female directors were positively correlated with the fulfillment of social responsibilities. The group test based on the “critical number“ in the critical mass theory did not show the changing effect of reaching the “critical number” in the critical mass theory, and the same conclusion was obtained by further testing in terms of the proportion of female directors. This article provides a new perspective for further exploring the board gender diversity and the role of female directors on decision-making, which may be better for companies to fulfill their social responsibilities.

Suggested Citation

  • Weiliu Yang & Jinlei Yang & Zhitong Gao, 2019. "Do Female Board Directors Promote Corporate Social Responsibility? An Empirical Study Based on the Critical Mass Theory," Emerging Markets Finance and Trade, Taylor & Francis Journals, vol. 55(15), pages 3452-3471, December.
    • Handle: RePEc:mes:emfitr:v:55:y:2019:i:15:p:3452-3471
    DOI: 10.1080/1540496X.2019.1657402
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    Cited by:

    1. Ranjita Islam & Erica French & Muhammad Ali, 2022. "Evaluating board diversity and its importance in the environmental and social performance of organizations," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 29(5), pages 1134-1145, September.
    2. María‐Florencia Amorelli & Isabel‐María García‐Sánchez, 2021. "Trends in the dynamic evolution of board gender diversity and corporate social responsibility," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 28(2), pages 537-554, March.
    3. Yu Wang & Jie Ma & Tienan Wang, 2023. "Do all female directors have the same impact on corporate social responsibility? The role of their political connection," Asia Pacific Journal of Management, Springer, vol. 40(3), pages 1047-1074, September.
    4. Stefania Veltri & Romilda Mazzotta & Franco Ernesto Rubino, 2021. "Board diversity and corporate social performance: Does the family firm status matter?," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 28(6), pages 1664-1679, November.
    5. Ali Amin & Ramiz ur Rehman & Rizwan Ali & Ridzwana Mohd Said, 2022. "Corporate Governance and Capital Structure: Moderating Effect of Gender Diversity," SAGE Open, , vol. 12(1), pages 21582440221, March.
    6. Pochara Arayakarnkul & Pattanaporn Chatjuthamard & Sirimon Treepongkaruna, 2022. "Board gender diversity, corporate social commitment and sustainability," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 29(5), pages 1706-1721, September.
    7. Galinato, Gregmar I. & Hyland, Marie & Islam, Asif M., 2022. "Does corporate social responsibility benefit society? Evidence from Latin America," Emerging Markets Review, Elsevier, vol. 53(C).

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