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The study examines the relation between the nationality and educational background diversity of directors serving on corporate boards and the firms' corporate social responsibility (CSR). We measures nationality diversity by directors' national citizenship and educational background diversity by...
Persistent link: https://www.econbiz.de/10012910907
We examine the impact of cultural diversity in corporate boards on a firm's corporate social performance. Using a novel approach to identify a director's cultural roots based on ancestry, we estimate the degree of cultural diversity at the board level. We find that board cultural diversity is...
Persistent link: https://www.econbiz.de/10012870369
The lack of diversity across gender and race of corporate boards has been one of the most significant issues in corporate board governance in recent years. Given the critical role that shareholders have in approving director appointments, we analyze voting patterns in director elections to...
Persistent link: https://www.econbiz.de/10012504210
Egypt witnessed radical and unexpected changes in political, social and cultural environment that came as a result of the Arab Spring. Since the revolution caused a paradigm shift in so many socio-economic aspects; it is plausible that it also caused dramatic changes in different ways in the...
Persistent link: https://www.econbiz.de/10013295638
Many companies in Germany must provide information beyond financial figures in their annual reports. For some years now, legislators have increasingly required information on non-financial aspects, such as the shares of women in leadership positions. Using a quantitative text analysis of annual...
Persistent link: https://www.econbiz.de/10013532157
We study the relationship between gender diversity on boards and corporate social irresponsibility (CSI). We hypothesize a bi-directional causality. Firms exposed to CSI incidents are likely to increase their board gender diversity for reputational purposes. At the same time, board gender...
Persistent link: https://www.econbiz.de/10012418368
Previous studies establish that firms effectiveness can differ based on the differences among directors within a board, and between boards. However, studies are yet to establish the effectiveness of the diverse attributes of the board on firms' social disclosure in an emerging market setting. A...
Persistent link: https://www.econbiz.de/10012911780
Corporations have traditionally treated shareholder wealth as primary. In recent years, however, cracks in this hierarchy have appeared. An enlargement of purpose is now visible across corporate governance, from the new emphasis on board diversity to the surge in environmental, social, and...
Persistent link: https://www.econbiz.de/10013406253
This study examines the relationship between board gender diversity and the tendency of firms to incorporate ESG metrics in performance-based compensation. We find that firms with female directors are more likely to shape their executive remuneration plans to be more ESG-oriented. The positive...
Persistent link: https://www.econbiz.de/10013492653
Not only institutional investors are increasingly demanding to know more about the sustainability skills of the boards they elect. These skills demonstrate a company's capability to navigate new regulations and meet self-imposed targets. Consequently, they also serve as a significant proxy for a...
Persistent link: https://www.econbiz.de/10015057528