The Influence of Culture on the Relationship between Women Directors and Corporate Social Performance

Forthcoming, Journal of International Business Studies.

53 Pages Posted: 16 Mar 2022

See all articles by Valentina Marano

Valentina Marano

Northeastern University - D'Amore-McKim School of Business, Department of International Business & Strategy

Steve Sauerwald

University of Illinois at Chicago - College of Business Administration

Marc van Essen

University of South Carolina - Darla Moore School of Business; University of South Carolina - Darla Moore School of Business

Date Written: January 21, 2022

Abstract

We examine the relationship between women directors and corporate social performance (CSP) by considering the contingency effects of home country culture. Drawing on upper echelons and social role theories, we hypothesize that greater women representation on boards positively affects CSP due to their distinctive expertise, perspectives, and knowledge in this area, which strengthen their firms’ attention and resources devoted to it. We then draw on the cultural perspective to explain how national culture moderates this relationship by shaping the salience of women directors’ views and boards’ openness to them. Based on data for 3,175 firms across 38 countries between 2008-2015, our multilevel analysis provides support for most of our hypotheses.

Keywords: Board of Directors, Women Directors, Corporate Social Responsibility, National Culture, Upper Echelons Theory, Social Role Theory, Multilevel Analysis

JEL Classification: M16

Suggested Citation

Marano, Valentina and Sauerwald, Steve and Essen, Marc van and Essen, Marc van, The Influence of Culture on the Relationship between Women Directors and Corporate Social Performance (January 21, 2022). Forthcoming, Journal of International Business Studies., Available at SSRN: https://ssrn.com/abstract=4013715

Valentina Marano (Contact Author)

Northeastern University - D'Amore-McKim School of Business, Department of International Business & Strategy ( email )

Boston, MA 02115
United States

Steve Sauerwald

University of Illinois at Chicago - College of Business Administration ( email )

601 South Morgan Street
11th Floor
Chicago, IL 60607
United States

Marc van Essen

University of South Carolina - Darla Moore School of Business ( email )

1705 College St
Francis M. Hipp Building
Columbia, SC 29208
United States

University of South Carolina - Darla Moore School of Business ( email )

1705 College St
Francis M. Hipp Building
Columbia, SC 29208
United States

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