Effect of Diversity in the Board of Directors and Top Management Team on Corporate Social Responsibility
This study analyzes the effect of corporate governance, with an emphasis on gender and age diversity in the board and Top Management Team, on Corporate Social Responsibility in Brazil. The sample was composed of Brazilian firms with corporate governance published in the CVM reference form, financial...
Saved in:
| Main Authors: | , , , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
FUCAPE Business School
2021-01-01
|
| Series: | BBR: Brazilian Business Review |
| Subjects: | |
| Online Access: | http://www.redalyc.org/articulo.oa?id=123067049001 |
| Tags: |
Add Tag
No Tags, Be the first to tag this record!
|
| _version_ | 1825207285849260032 |
|---|---|
| author | Priscila Prudêncio Hyane Forte Vicente Crisóstomo Alessandra Vasconcelos |
| author_facet | Priscila Prudêncio Hyane Forte Vicente Crisóstomo Alessandra Vasconcelos |
| author_sort | Priscila Prudêncio |
| collection | DOAJ |
| description | This study analyzes the effect of corporate governance, with an emphasis on gender and age diversity in the board and Top Management Team, on Corporate Social Responsibility in Brazil. The sample was composed of Brazilian firms with corporate governance published in the CVM reference form, financial information in the Economática® database, and CSR assessed by the CSRHub database, in the 2016-2017 biennium, with a total of 194 firm-year observations. Diversity is measured by the presence of women, age heterogeneity, and average age in the board of directors and top management team. The results indicate that gender diversity in the board of directors and the higher average age of the top management team have a favorable effect on the CSR practices of Brazilian firms. Additionally, it was observed that age heterogeneity among board members has a negative influence on CSR practices. The research contributes to a better understanding of the behavior of more diverse boards of directors and top management teams regarding CSR strategies. |
| format | Article |
| id | doaj-art-a5bc9906b4e94f29b286b2c3cae3d182 |
| institution | Kabale University |
| issn | 1807-734X |
| language | English |
| publishDate | 2021-01-01 |
| publisher | FUCAPE Business School |
| record_format | Article |
| series | BBR: Brazilian Business Review |
| spelling | doaj-art-a5bc9906b4e94f29b286b2c3cae3d1822025-02-06T23:39:33ZengFUCAPE Business SchoolBBR: Brazilian Business Review1807-734X2021-01-0118211813910.15728/bbr.2021.18.2.1Effect of Diversity in the Board of Directors and Top Management Team on Corporate Social ResponsibilityPriscila PrudêncioHyane ForteVicente CrisóstomoAlessandra VasconcelosThis study analyzes the effect of corporate governance, with an emphasis on gender and age diversity in the board and Top Management Team, on Corporate Social Responsibility in Brazil. The sample was composed of Brazilian firms with corporate governance published in the CVM reference form, financial information in the Economática® database, and CSR assessed by the CSRHub database, in the 2016-2017 biennium, with a total of 194 firm-year observations. Diversity is measured by the presence of women, age heterogeneity, and average age in the board of directors and top management team. The results indicate that gender diversity in the board of directors and the higher average age of the top management team have a favorable effect on the CSR practices of Brazilian firms. Additionally, it was observed that age heterogeneity among board members has a negative influence on CSR practices. The research contributes to a better understanding of the behavior of more diverse boards of directors and top management teams regarding CSR strategies.http://www.redalyc.org/articulo.oa?id=123067049001corporate social responsibilitycorporate governancegender diversityage diversity |
| spellingShingle | Priscila Prudêncio Hyane Forte Vicente Crisóstomo Alessandra Vasconcelos Effect of Diversity in the Board of Directors and Top Management Team on Corporate Social Responsibility BBR: Brazilian Business Review corporate social responsibility corporate governance gender diversity age diversity |
| title | Effect of Diversity in the Board of Directors and Top Management Team on Corporate Social Responsibility |
| title_full | Effect of Diversity in the Board of Directors and Top Management Team on Corporate Social Responsibility |
| title_fullStr | Effect of Diversity in the Board of Directors and Top Management Team on Corporate Social Responsibility |
| title_full_unstemmed | Effect of Diversity in the Board of Directors and Top Management Team on Corporate Social Responsibility |
| title_short | Effect of Diversity in the Board of Directors and Top Management Team on Corporate Social Responsibility |
| title_sort | effect of diversity in the board of directors and top management team on corporate social responsibility |
| topic | corporate social responsibility corporate governance gender diversity age diversity |
| url | http://www.redalyc.org/articulo.oa?id=123067049001 |
| work_keys_str_mv | AT priscilaprudencio effectofdiversityintheboardofdirectorsandtopmanagementteamoncorporatesocialresponsibility AT hyaneforte effectofdiversityintheboardofdirectorsandtopmanagementteamoncorporatesocialresponsibility AT vicentecrisostomo effectofdiversityintheboardofdirectorsandtopmanagementteamoncorporatesocialresponsibility AT alessandravasconcelos effectofdiversityintheboardofdirectorsandtopmanagementteamoncorporatesocialresponsibility |