Is Sustainable Investing Driven by Altruism: Evidence from Shocks to Philanthropy

Boutchkova, Maria; Gonzalez, Angelica; Zhang, Sylvia

doi:10.2139/ssrn.3575000

Cited by 2 publications

(2 citation statements)

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“…In this longitudinal study, Boutchkova et al (2021) also found that in the United States, the presence of women directors who work with men directors is positively associated with resource allocation decisions and with lower firm risk. Moreover, firm efficiency is also affected by women's networks.…”

Section: Network Benefits and Resources Obtained As Consequencessupporting

confidence: 56%

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Women directors and sustainability: a contribution of networking activities

Gabaldón¹,

Gimenez-Jimenez²,

Campopiano³

2023

Research Handbook on Corporate Governance and Ethics

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Corporate governance encompasses systems and mechanisms to monitor, advise and strategize the business and contribute to business success. The presence of women on the board of directors has been investigated as a relevant driver of business financial and social performance. Sometimes, gender diversity itself is considered a measure of social responsibility. In addition, women are acknowledged to sensitize the business toward sustainability. We argue that, besides their presence, it is important to understand women's contribution to the board through their networking activities. Integrating resource dependence theory and social exchange theory, we theorize and discuss how women help create linkages with the internal and external environment of the firm, which can foster engagement in sustainable initiatives. Moreover, we look at how women develop relationships inside the business to affect the agenda of the board and play as role models inside the organization, thus nurturing the concept of being sustainable as a priority for the business.

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Section: Network Benefits and Resources Obtained As Consequencessupporting

confidence: 56%

“…Women directors could have unintended consequences. For instance, men directors who closely work with women directors from other boards tend to be associated with better attendance of men directors at the board meetings (Boutchkova, Gonzalez, & Zhang, 2021).…”

Section: Network Benefits and Resources Obtained As Consequencesmentioning

confidence: 99%