"Alliance Network Centrality, Board Composition, and Corporate Social Performance"

Macaulay, Craig D.; Richard, Orlando C.

doi:10.5465/ambpp.2015.11934abstract

Cited by 18 publications

(37 citation statements)

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“…The articles included in this review study the relationship between the diversity of the board of directors and the CSR using multiple dependent variables, as can be seen in Figure 2. The following stand out among them: CSR as social responsibility, social performance or sustainability performance (Bear et al, 2010; Beji et al, 2020; Boulouta, 2013; Byron & Post, 2016; Cruz et al, 2019; Fernandez et al, 2019; Francoeur et al, 2019; García‐Sánchez et al, 2018; Hafsi & Turgut, 2013; M. A. Harjoto & Rossi, 2019; Landry et al, 2016; Macaulay et al, 2018; McGuinness et al, 2017; Setó‐Pamies, 2015; Uyar et al, 2020; Zhang et al, 2013; Zhuang et al, 2018), environmental performance (Birindelli et al, 2019; Cordeiro et al, 2020; Elmagrhi et al, 2018; Lu & Herremans, 2019; Walls et al, 2012), environmental investment (Atif et al, 2020; Jiang & Akbar, 2018; Wei et al, 2017), environmental lawsuits (Liu, 2018), corporate philanthropy or charitable contributions (Campopiano et al, 2019; Jia & Zhang, 2013; Williams, 2003; Wonsuk & Abebe, 2016; Zhang et al, 2018) and CSR assurance (Liao et al, 2018). Rodriguez‐Dominguez et al (2009) analyze the process of creating and implementing a code of ethics.…”

Section: Discourse and Trends In Board Gender Diversty And Corporate mentioning

confidence: 99%

Trends in the dynamic evolution of board gender diversity and corporate social responsibility

Amorelli

García‐Sánchez

2020

Corp Soc Responsibility Env

137

105

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A bibliometric and bibliographic review was carried out to determine the effect that gender diversity in a board of directors has on the level of business commitment to sustainable development and stakeholder engagement through the dissemination of social and environmental information. The review included 89 articles published in the 66 most prestigious journals on business, management, ethics and environmental sciences according to the journal citation reports on the ISI Web of Knowledge. There has been spectacular growth in this line of research since 2016, led by Spanish and American researchers. There is currently a paradigm shift in the theoretical frameworks that support these investigations in examining the organisational and institutional environments that favour the advantages associated with the presence of women in bodies responsible for business strategy. However, the latest papers are based on the use of the Critical mass theory and moderating factors in order to explaining the divergence of results.

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Section: Discourse and Trends In Board Gender Diversty And Corporate mentioning

confidence: 99%

Trends in the dynamic evolution of board gender diversity and corporate social responsibility

Amorelli

García‐Sánchez

2020

Corp Soc Responsibility Env

137

105

View full text Add to dashboard Cite

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“…Existing literature has examined the impact of social and professional networks of the top executives and board of directors on firms' financial performance and generally find that there is a positive relationship between them (e.g., Chahine and Goergen, 2013;Chuluun, Prevost, and Puthenpurackal, 2014;Horton, Millo, and Serafeim, 2012;Larcker, So, and Wang, 2013). Recent studies have also found that there is a positive relationship between US firms' alliance network centrality and corporate social performance (Macaulay et al, 2018;Vo, Le and Kim, 2020). Muthuri, Matten, and Moon (2009) also find a positive relation between the networks built from employees' volunteerism and firms' corporate social performance on three UK multinational firms.…”

Section: Introductionmentioning

confidence: 99%

Board of directors network centrality and environmental, social and governance (ESG) performance

Harjoto

Wang

2020

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Purpose Drawing from social capital, social network theory of stakeholder influence and stakeholder management, the purpose of this paper is to examine the relationship between board network centrality and firms’ environmental, social and governance (ESG) performance. Design/methodology/approach Using social network analysis, the authors construct five board network centrality, namely, degree centrality (the number of connections), closeness centrality (distance among firms), eigenvector centrality (the quality of connections), betweenness centrality (how often a firm sits between two other firms) and the information centrality (the speed and reliability of information), as measures of board access for social capital and timely information. Findings Using a sample of non-financial firms listed in the UK FTSE 350 index from 2007 to 2018, the authors find that board networks, measured by degree, closeness, eigenvector, betweenness and information centrality, has positive influence on firms’ ESG performance. Furthermore, the findings show that there is a non-linear relationship between board networks and ESG performance, and this relationship is stronger in the sectors where firms that have high product market concentration and high percentage of women board members. Originality/value This study unveils that strong board network centrality brings higher social (reputational) capital and information advantages to the firm to effectively, timely and accurately deal with the pressures from stakeholders (stakeholder management), which leads to better ESG performance.

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“…It can be argued that the composition of the board of directors is core to its effectiveness as addressing strategic complexities requires diverse talent and perspectives. In this regard, progressive boards realize that they need to have an optimal composition that reflects the strategic priorities of the business and the diversity of its stakeholders (Kiel and Nicholson, 2003;Macaulay et al, 2018). Boards are increasingly recognizing that those with members who represent a good mix of age, experience, and background tend to foster constructive debate and decision-making.…”

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confidence: 99%

The importance of diversity on boards of directors’ effectiveness and its impact on innovativeness in the bioeconomy

Hakovirta

Denuwara

Bharathi

et al. 2020

Humanit Soc Sci Commun

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A company’s board of directors plays a critical role in making decisions relating to strategy, high-level structure, and the appointment of the CEO. The role of the board and its impact on corporate performance has been well studied; however, the diversity of the board of directors and the corresponding correlation to the level of corporate innovativeness has not been previously investigated. Here, we provide a critical analysis of board members’ diversity as it relates to innovative corporations in what is considered a mature industry in transition to a bioeconomy: the pulp and paper industry. Our findings contribute to the body of knowledge on the role of board member diversity in shaping company culture and how that drives, shapes, and sustains innovation.

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"Alliance Network Centrality, Board Composition, and Corporate Social Performance"

Cited by 18 publications

References 0 publications

Trends in the dynamic evolution of board gender diversity and corporate social responsibility

Trends in the dynamic evolution of board gender diversity and corporate social responsibility

Board of directors network centrality and environmental, social and governance (ESG) performance

The importance of diversity on boards of directors’ effectiveness and its impact on innovativeness in the bioeconomy

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