TY - JOUR

T1 - Does Board Composition Influence CSR Reporting?

T2 - A meta-analysis

AU - Velte, Patrick

PY - 2019/1/1

Y1 - 2019/1/1

N2 - A variety of empirical studies analyzed the impact of board attributes on corporate social responsibility (CSR) reporting with mixed results during the last decade. In view of this heterogeneity and increased relevance, we conduct a meta-analysis on 51 empirical-quantitative studies and include board independence, the absence of CEO duality, gender diversity and board size as key board attributes. We find that board independence and gender diversity are positively linked with CSR reporting. Furthermore, we examine whether this relationship is moderated by country-specific governance aspects (shareholder protection, legal enforcement, and code law regime). We find that board independence and gender diversity are stronger related to CSR reporting in countries with a higher range of shareholder protection and higher legal enforcement strength. We do not find any evidence for a moderator effect of code law regimes. To analyze the sensitivity of our study, we differentiate between CSR reporting measures (individual disclosure scores versus external CSR disclosure ratings) and publication quality of our included papers (journals of the ABS ranking) and found robust results. Recommendations for future research practice and regulation will be discussed.

AB - A variety of empirical studies analyzed the impact of board attributes on corporate social responsibility (CSR) reporting with mixed results during the last decade. In view of this heterogeneity and increased relevance, we conduct a meta-analysis on 51 empirical-quantitative studies and include board independence, the absence of CEO duality, gender diversity and board size as key board attributes. We find that board independence and gender diversity are positively linked with CSR reporting. Furthermore, we examine whether this relationship is moderated by country-specific governance aspects (shareholder protection, legal enforcement, and code law regime). We find that board independence and gender diversity are stronger related to CSR reporting in countries with a higher range of shareholder protection and higher legal enforcement strength. We do not find any evidence for a moderator effect of code law regimes. To analyze the sensitivity of our study, we differentiate between CSR reporting measures (individual disclosure scores versus external CSR disclosure ratings) and publication quality of our included papers (journals of the ABS ranking) and found robust results. Recommendations for future research practice and regulation will be discussed.

KW - Management studies

KW - Sustainability Science

KW - Gender and Diversity

UR - https://www.mendeley.com/catalogue/2c8a58d4-5031-3b9c-9493-289eeba764cd/

U2 - 10.22495/cocv16i2art5

DO - 10.22495/cocv16i2art5

M3 - Journal articles

VL - 16

SP - 48

EP - 59

JO - Corporate Ownership & Control

JF - Corporate Ownership & Control

SN - 1727-9232

IS - 2

ER -