Role of women board members in the relationship between internal CSR and firm efficiency: Evidence from multiple countries

The study aims to analyze the effect of internal CSR practices on firm efficiency, focusing on the moderating role of women board members. Using a sample set of 5,997 firms from 39 countries between 2008 and 2019, this study performs Data Envelopment Analysis (DEA) to measure firm efficiency and app...

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Main Authors: Arum Setyowati, A.N. Bany-Ariffin, Fakarudin Kamarudin, Bolaji Tunde Matemilola
Format: Article
Language:English
Published: Taylor & Francis Group 2023-12-01
Series:Cogent Business & Management
Subjects:
Online Access:https://www.tandfonline.com/doi/10.1080/23311975.2023.2173048
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author Arum Setyowati
A.N. Bany-Ariffin
Fakarudin Kamarudin
Bolaji Tunde Matemilola
author_facet Arum Setyowati
A.N. Bany-Ariffin
Fakarudin Kamarudin
Bolaji Tunde Matemilola
author_sort Arum Setyowati
collection DOAJ
description The study aims to analyze the effect of internal CSR practices on firm efficiency, focusing on the moderating role of women board members. Using a sample set of 5,997 firms from 39 countries between 2008 and 2019, this study performs Data Envelopment Analysis (DEA) to measure firm efficiency and applies a panel regression to investigate the moderation effect of women board members. The empirical results show that women board members play a crucial moderating role in the relationship between internal CSR and firm efficiency. In general, the link between internal CSR and firm efficiency becomes more positive as the proportion of women board members grows. Similar results were reported in the group of developed country. In the developing status group, however, the role of women board members in the positive relationship between internal CSR and firm efficiency was not significant. This study is novel since no prior research has examined the relationship between the presence of women board members in internal CSR-firm efficiency relationships. Moreover, this study employs a broader range of research data, making the conclusions more representative. We recommend investigating additional characteristics of top management, such as experience, education, and age, for future studies.
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series Cogent Business & Management
spelling doaj-art-6f34fdba8ef841efa7ede41b33ec03b62025-08-20T03:03:25ZengTaylor & Francis GroupCogent Business & Management2331-19752023-12-0110110.1080/23311975.2023.2173048Role of women board members in the relationship between internal CSR and firm efficiency: Evidence from multiple countriesArum Setyowati0A.N. Bany-Ariffin1Fakarudin Kamarudin2Bolaji Tunde Matemilola3School of Business and Economics, Universiti Putra Malaysia, Serdang, MalaysiaSchool of Business and Economics, Universiti Putra Malaysia, Serdang, MalaysiaSchool of Business and Economics, Universiti Putra Malaysia, Serdang, MalaysiaSchool of Business and Economics, Universiti Putra Malaysia, Serdang, MalaysiaThe study aims to analyze the effect of internal CSR practices on firm efficiency, focusing on the moderating role of women board members. Using a sample set of 5,997 firms from 39 countries between 2008 and 2019, this study performs Data Envelopment Analysis (DEA) to measure firm efficiency and applies a panel regression to investigate the moderation effect of women board members. The empirical results show that women board members play a crucial moderating role in the relationship between internal CSR and firm efficiency. In general, the link between internal CSR and firm efficiency becomes more positive as the proportion of women board members grows. Similar results were reported in the group of developed country. In the developing status group, however, the role of women board members in the positive relationship between internal CSR and firm efficiency was not significant. This study is novel since no prior research has examined the relationship between the presence of women board members in internal CSR-firm efficiency relationships. Moreover, this study employs a broader range of research data, making the conclusions more representative. We recommend investigating additional characteristics of top management, such as experience, education, and age, for future studies.https://www.tandfonline.com/doi/10.1080/23311975.2023.2173048corporate social responsibilityinternal CSRfirm efficiencywomen board membersdata envelopment analysisDEA
spellingShingle Arum Setyowati
A.N. Bany-Ariffin
Fakarudin Kamarudin
Bolaji Tunde Matemilola
Role of women board members in the relationship between internal CSR and firm efficiency: Evidence from multiple countries
Cogent Business & Management
corporate social responsibility
internal CSR
firm efficiency
women board members
data envelopment analysis
DEA
title Role of women board members in the relationship between internal CSR and firm efficiency: Evidence from multiple countries
title_full Role of women board members in the relationship between internal CSR and firm efficiency: Evidence from multiple countries
title_fullStr Role of women board members in the relationship between internal CSR and firm efficiency: Evidence from multiple countries
title_full_unstemmed Role of women board members in the relationship between internal CSR and firm efficiency: Evidence from multiple countries
title_short Role of women board members in the relationship between internal CSR and firm efficiency: Evidence from multiple countries
title_sort role of women board members in the relationship between internal csr and firm efficiency evidence from multiple countries
topic corporate social responsibility
internal CSR
firm efficiency
women board members
data envelopment analysis
DEA
url https://www.tandfonline.com/doi/10.1080/23311975.2023.2173048
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AT fakarudinkamarudin roleofwomenboardmembersintherelationshipbetweeninternalcsrandfirmefficiencyevidencefrommultiplecountries
AT bolajitundematemilola roleofwomenboardmembersintherelationshipbetweeninternalcsrandfirmefficiencyevidencefrommultiplecountries