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Culture, Board Composition and Corporate Social Reporting in the Banking Sector

Author

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  • Emma García-Meca

    (Departamento de Economía Financiera y Contabilidad, Polytechnic University of Cartagena, 30202 Cartagena, Spain
    These authors contributed equally to this work.)

  • María-Victoria Uribe-Bohórquez

    (Departamento de Administración y Economía de la Empresa, University of Salamanca, 37007 Salamanca, Spain
    These authors contributed equally to this work.)

  • Beatriz Cuadrado-Ballesteros

    (Departamento de Administración y Economía de la Empresa, University of Salamanca, 37007 Salamanca, Spain
    Multidisciplinary Institute for Enterprise (IME), University of Salamanca, 37007 Salamanca, Spain
    These authors contributed equally to this work.)

Abstract

This paper contributes to the debate on the corporate governance of financial institutions, by studying the effect of different board characteristics on the level of corporate social responsibility (CSR) disclosures of banks. For that, we use a sample composed by 159 banks over the period 2004–2010. We found that independent directors and gender diversity favor the disclosure CSR information in baking sector. But, these results are moderated by the national cultural system; concretely, previous positive effects of independence and diversity of banks’ boards on CSR reporting are reduced in countries with a weaker cultural system, that is, individualist, masculine and vertically stratified societies, that are little indulgent and short-term oriented and show high levels of uncertainty avoidance.

Suggested Citation

  • Emma García-Meca & María-Victoria Uribe-Bohórquez & Beatriz Cuadrado-Ballesteros, 2018. "Culture, Board Composition and Corporate Social Reporting in the Banking Sector," Administrative Sciences, MDPI, vol. 8(3), pages 1-23, July.
    • Handle: RePEc:gam:jadmsc:v:8:y:2018:i:3:p:41-:d:161093
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