The Impact of Female CEOS on Corporate Social Responsibility and Business Performance

49 Pages Posted: 22 Feb 2025

See all articles by Chiquan Guo

Chiquan Guo

The University of Texas Rio Grande Valley

Brandon Ater

affiliation not provided to SSRN

Mark Kroll

University of Texas Rio Grande Valley (UTRGV) (Formerly University of Texas-Pan American)

Frank Li

University of Western Ontario - Richard Ivey School of Business

Abstract

More work examining female leaders’ roles as part of the top management team is needed as we move toward greater gender equality in the workforce. In this paper, we investigate the relationship between female CEOs and corporate social responsibility (CSR) policy. We find that female CEOs pursue CSR more aggressively than their male counterparts; however, their boards of directors often take measures to reign in female CEOs’ pursuit of CSR. Furthermore, we find that CSR mediates the relationship between female CEOs and business performance. In other words, female CEOs are associated with greater CSR commitments, which in turn are positively related to business performance. Research and managerial implications are presented. Corporate social responsibility, female CEOs, business performance

Keywords: Corporate social responsibility, female CEOs, business performance

Suggested Citation

Guo, Chiquan and Ater, Brandon and Kroll, Mark and Li, Frank, The Impact of Female CEOS on Corporate Social Responsibility and Business Performance. Available at SSRN: https://ssrn.com/abstract=5148550 or http://dx.doi.org/10.2139/ssrn.5148550

Chiquan Guo (Contact Author)

The University of Texas Rio Grande Valley ( email )

1201 West University Dr.
Edinburg, TX 78539
United States

Brandon Ater

affiliation not provided to SSRN ( email )

No Address Available

Mark Kroll

University of Texas Rio Grande Valley (UTRGV) (Formerly University of Texas-Pan American) ( email )

1201 W. University Dr.
Edinburg, TX 78539
United States

Frank Li

University of Western Ontario - Richard Ivey School of Business ( email )

1151 Richmond Street North
London, Ontario N6A 3K7
Canada

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