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The impact of board cultural diversity on a firm's commitment toward the sustainability issues of emerging countries: The mediating effect of a CSR committee

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  • Jennifer Martínez‐Ferrero
  • M. Belén Lozano
  • Miguel Vivas

Abstract

This study attempts to improve the understanding of how factors related to the board of directors in emerging countries from America determine a firm's sustainability performance. This paper examines the effect of board cultural diversity and the mediating effect of the existence of a corporate social responsibility (CSR) committee. To test our objectives, we carried out a sample analysis on data gathered between 2012 and 2018 from a group of firms located in Argentina, Brazil, Chile and Mexico. The results suggest that board cultural diversity promotes a firm's commitment toward sustainability issues and leads to higher social and environmental performance. Moreover, the results show the mediating effect of the existence of a CSR committee, where a positive impact on sustainability performance appears to be linked to board cultural diversity.

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  • Jennifer Martínez‐Ferrero & M. Belén Lozano & Miguel Vivas, 2021. "The impact of board cultural diversity on a firm's commitment toward the sustainability issues of emerging countries: The mediating effect of a CSR committee," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 28(2), pages 675-685, March.
    • Handle: RePEc:wly:corsem:v:28:y:2021:i:2:p:675-685
    DOI: 10.1002/csr.2080
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    References listed on IDEAS

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    2. Yinglin Huang & Claude Francoeur & Stephen Brammer, 2022. "What drives and curbs brownwashing?," Business Strategy and the Environment, Wiley Blackwell, vol. 31(5), pages 2518-2532, July.
    3. Finja Lena Kind & Jennifer Zeppenfeld & Rainer Lueg, 2023. "The impact of chief executive officer narcissism on environmental, social, and governance reporting," Business Strategy and the Environment, Wiley Blackwell, vol. 32(7), pages 4448-4466, November.
    4. Meftah Gerged, Ali & Kuzey, Cemil & Uyar, Ali & Karaman, Abdullah S., 2023. "Does investment stimulate or inhibit CSR transparency? The moderating role of CSR committee, board monitoring and CEO duality," Journal of Business Research, Elsevier, vol. 159(C).
    5. Nguyen, Linh Thi My & Nguyen, Phong Thanh, 2023. "The board profiles that promote environmental, social, and governance disclosure–Evidence from S&P 500 firms," Finance Research Letters, Elsevier, vol. 55(PA).
    6. Kaur, Puneet & Talwar, Shalini & Madanaguli, Arun & Srivastava, Shalini & Dhir, Amandeep, 2022. "Corporate social responsibility (CSR) and hospitality sector: Charting new frontiers for restaurant businesses," Journal of Business Research, Elsevier, vol. 144(C), pages 1234-1248.

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