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Recognition for Sustained Corporate Social Responsibility: Female Directors Make a Difference

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  • Erynne E. Landry
  • Richard A. Bernardi
  • Susan M. Bosco

Abstract

This study examines a sample of 341 corporations that were ranked in the Fortune 500 in all seven years from 2006 through 2012. We compiled data from multiple corporate recognition lists including the following: the Most Admired Companies, the Most Ethical Companies, the Best Companies to Work for, and the Best Corporate Citizens. Our findings indicate that the higher the percentage of women on a company's board of directors, the more likely the company is to appear on these lists. We also found that the average percentage of women directors for the listed companies was significantly higher than the average percentage of women directors for the companies that did not appear on any of these lists over the period from 2006 through 2012. Copyright © 2014 John Wiley & Sons, Ltd and ERP Environment

Suggested Citation

  • Erynne E. Landry & Richard A. Bernardi & Susan M. Bosco, 2016. "Recognition for Sustained Corporate Social Responsibility: Female Directors Make a Difference," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 23(1), pages 27-36, January.
    • Handle: RePEc:wly:corsem:v:23:y:2016:i:1:p:27-36
    DOI: 10.1002/csr.1358
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    References listed on IDEAS

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    Cited by:

    1. Isaiah Oino & Jonathan Liu, 2022. "Do Female Board Members Influence Corporate Social Responsibility Performance?," IIM Kozhikode Society & Management Review, , vol. 11(2), pages 195-206, July.
    2. Ismail Khan & Imran Khan & Bilal bin Saeed, 2019. "Does board diversity affect quality of corporate social responsibility disclosure? Evidence from Pakistan," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 26(6), pages 1371-1381, November.
    3. Akrum Helfaya & Tantawy Moussa, 2017. "Do Board's Corporate Social Responsibility Strategy and Orientation Influence Environmental Sustainability Disclosure? UK Evidence," Business Strategy and the Environment, Wiley Blackwell, vol. 26(8), pages 1061-1077, December.
    4. Katia Furlotti & Tatiana Mazza & Veronica Tibiletti & Silvia Triani, 2019. "Women in top positions on boards of directors: Gender policies disclosed in Italian sustainability reporting," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 26(1), pages 57-70, January.
    5. Chulin Pan & Hongpeng Guo & Yufeng Jiang & Hanying Wang & Weihong Qi, 2020. "The double effects of female executives' participation on corporate sustainable competitive advantage through unethical environmental behavior and proactive environmental strategy," Business Strategy and the Environment, Wiley Blackwell, vol. 29(6), pages 2324-2337, September.
    6. María Victoria Uribe‐Bohorquez & Jennifer Martínez‐Ferrero & Isabel‐María García‐Sánchez, 2019. "Women on boards and efficiency in a business‐orientated environment," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 26(1), pages 82-96, January.
    7. María‐Florencia Amorelli & Isabel‐María García‐Sánchez, 2021. "Trends in the dynamic evolution of board gender diversity and corporate social responsibility," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 28(2), pages 537-554, March.
    8. Stefania Veltri & Romilda Mazzotta & Franco Ernesto Rubino, 2021. "Board diversity and corporate social performance: Does the family firm status matter?," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 28(6), pages 1664-1679, November.
    9. Francesco Gangi & Lucia Michela Daniele & Nicola Varrone & Francesca Vicentini & Maria Coscia, 2021. "Equity mutual funds' interest in the environmental, social and governance policies of target firms: Does gender diversity in management teams matter?," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 28(3), pages 1018-1031, May.
    10. Kalyani Mulchandani & Ketan Mulchandani & Sahil Singh Jasrotia, 2021. "Does gender diversity on firm’s board affect dividend payouts? Evidence from India," Future Business Journal, Springer, vol. 7(1), pages 1-11, December.
    11. Bart Manning & Geert Braam & Daniel Reimsbach, 2019. "Corporate governance and sustainable business conduct—Effects of board monitoring effectiveness and stakeholder engagement on corporate sustainability performance and disclosure choices," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 26(2), pages 351-366, March.
    12. Jun Xie & Wataru Nozawa & Shunsuke Managi, 2020. "The role of women on boards in corporate environmental strategy and financial performance: A global outlook," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 27(5), pages 2044-2059, September.
    13. Javed, Muzhar & Wang, Fangjun & Usman, Muhammad & Ali Gull, Ammar & Uz Zaman, Qamar, 2023. "Female CEOs and green innovation," Journal of Business Research, Elsevier, vol. 157(C).
    14. Veronica Tibiletti & Pier Luigi Marchini & Katia Furlotti & Alice Medioli, 2021. "Does corporate governance matter in corporate social responsibility disclosure? Evidence from Italy in the “era of sustainability”," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 28(2), pages 896-907, March.
    15. Mariasole Bannò & Emilia Filippi & Sandro Trento, 2023. "Women in top echelon positions and their effects on sustainability: a review, synthesis and future research agenda," Journal of Management & Governance, Springer;Accademia Italiana di Economia Aziendale (AIDEA), vol. 27(1), pages 181-251, March.
    16. Pochara Arayakarnkul & Pattanaporn Chatjuthamard & Sirimon Treepongkaruna, 2022. "Board gender diversity, corporate social commitment and sustainability," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 29(5), pages 1706-1721, September.
    17. Sonia Boukattaya & Abdelwahed Omri, 2021. "Impact of Board Gender Diversity on Corporate Social Responsibility and Irresponsibility: Empirical Evidence from France," Sustainability, MDPI, vol. 13(9), pages 1-14, April.
    18. Paul B. McGuinness & João Paulo Vieito & Mingzhu Wang, 2020. "Proactive government intervention, board gender balance, and stakeholder engagement in China and Europe," Asia Pacific Journal of Management, Springer, vol. 37(3), pages 719-762, September.
    19. Roberta Provasi & Murad Harasheh, 2021. "Gender diversity and corporate performance: Emphasis on sustainability performance," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 28(1), pages 127-137, January.
    20. Pier Luigi Marchini & Veronica Tibiletti & Tatiana Mazza & Gianluca Gabrielli, 2022. "Gender quotas and the environment: Environmental performance and enforcement," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 29(1), pages 256-272, January.
    21. Craig D. Macaulay & Orlando C. Richard & Mike W. Peng & Maria Hasenhuttl, 2018. "Alliance Network Centrality, Board Composition, and Corporate Social Performance," Journal of Business Ethics, Springer, vol. 151(4), pages 997-1008, September.
    22. Saif Rehman & René Orij & Hashim Khan, 2020. "The search for alignment of board gender diversity, the adoption of environmental management systems, and the association with firm performance in Asian firms," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 27(5), pages 2161-2175, September.
    23. Ilyass Chaker, 2022. "Les caractéristiques des comités d'audit : Déterminants de la performance financière et de la qualité informationnelle ?," Post-Print hal-03680709, HAL.

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