2018
DOI: 10.3390/su10082752
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Board Composition and Corporate Social Responsibility Performance: Evidence from Chinese Public Firms

Abstract: This study investigates the relationship between board composition and corporate social responsibility (CSR) performance. Specifically, we examine the impact of board composition (aspects like political experience, academic experience, overseas background, and gender diversity) on CSR performance. We test our hypotheses using data collected from 839 Chinese public firms during the period from 2008 to 2016. Applying generalized least squares regression, the study shows that the political experience, academic ex… Show more

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citations
Cited by 69 publications
(100 citation statements)
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References 84 publications
(94 reference statements)
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“…Additionally, POLTC have strong relationships with the government and know the best practices regarding the law and rules relating to financial stability, which may provide management with strong assistance in fighting corruption and financial crimes. Our findings are supported by those of prior studies of Zhuang et al [95], Cheng et al [36], Gu et al 2013 [7] and Claessens et al [39]. Agrawal and Knoeber [31] report that having POLTC on the board enhances negotiating and lobbying power with the government, while also reducing the explicit costs and trade barriers of the firm.…”
Section: Resultssupporting
confidence: 90%
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“…Additionally, POLTC have strong relationships with the government and know the best practices regarding the law and rules relating to financial stability, which may provide management with strong assistance in fighting corruption and financial crimes. Our findings are supported by those of prior studies of Zhuang et al [95], Cheng et al [36], Gu et al 2013 [7] and Claessens et al [39]. Agrawal and Knoeber [31] report that having POLTC on the board enhances negotiating and lobbying power with the government, while also reducing the explicit costs and trade barriers of the firm.…”
Section: Resultssupporting
confidence: 90%
“…Kusnadi et al [59] investigated ACCTE and the financial reporting quality (FRQ) of US firms, finding that ACCTE were positively and significantly associated with FRQ due to their strong professional knowledge and positive role modeling signals. Moreover, Al-Shaer and Zaman [9] and Zhuang et al [95] have reported that ACCTE and the presence of professional individuals on the board profoundly increases the credibility of sustainability disclosure. The findings also show that external expert directors reduce agency conflict by disclosing authentic CCD.…”
Section: Resultsmentioning
confidence: 99%
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“…Other studies have demonstrated that good governance decreases the cost of capital [52,53], increases the firm value [54,55], and provided stability during the global financial crisis [56]. Studies also have proven that good governance structure improves firms' CSR activities [57][58][59]. As the monitoring mechanism that solves the agency problems, it is expected that good governance enforces a CEO not to keep short-termism; as a result, CSR investment will no longer be a reluctant choice for a CEO immediately after his/her new job or just before his/her resignation.…”
Section: Hypothesismentioning
confidence: 99%
“…Hence, efforts to incorporate social sustainability initiatives are sometimes symbolic rather than substantive [57,58]. However, other scholars argue that, increasingly, firms pay attention to social responsibility and see it as a mechanism to gain a competitive edge [59,60]. There is also increased pressure on corporations to inform the public about social responsibility activities.…”
Section: Social Responsibility and Social Sustainabilitymentioning
confidence: 99%