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The effect of board gender diversity on corporate social performance: An instrumental variable quantile regression approach

Author

Listed:
  • Maria Giuseppina Bruna

    (IPAG Business School)

  • Rey Đặng

    (ISTEC - Institut supérieur des Sciences, Techniques et Economie Commerciales - ISTEC)

  • Aymen Ammari

    (EM Strasbourg - École de Management de Strasbourg = EM Strasbourg Business School)

  • L'Hocine Houanti

    (Métis Lab EM Normandie - EM Normandie - École de Management de Normandie)

Abstract

Investigating a sample of firms from the S&P 500 Index (between 2004 and 2015), the paper addresses the relationship between the representation of Women on Corporate Boards (WOCB) and the Corporate Social Performance (CSP). It adopts the instrumental variable quantile regression panel data (IV-QRPD) model, suggested by Powell (2016), to solve endogeneity and heterogeneity issues. The article shows a strong "threshold effect": the impact of board feminization on CSP is nonlinear and changes along the quantiles of the performance distribution. Highlighting a contextual and multilevel phenomenon, the paper contributes to the CG literature offering main achievements on board's dynamics and inclusiveness.

Suggested Citation

  • Maria Giuseppina Bruna & Rey Đặng & Aymen Ammari & L'Hocine Houanti, 2021. "The effect of board gender diversity on corporate social performance: An instrumental variable quantile regression approach," Post-Print hal-04455603, HAL.
    • Handle: RePEc:hal:journl:hal-04455603
    DOI: 10.1016/j.frl.2020.101734
    Note: View the original document on HAL open archive server: https://normandie-univ.hal.science/hal-04455603
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    References listed on IDEAS

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    Cited by:

    1. Asma Houcine & Imen Derouiche, 2024. "Board gender diversity and corporate social performance: the moderating effect of family firms," Journal of Management Control: Zeitschrift für Planung und Unternehmenssteuerung, Springer, vol. 35(2), pages 265-301, June.
    2. Maria Giuseppina Bruna & Rey Dang & L'Hocine Houanti & Jean-Michel Sahut & Michel Simioni, 2022. "By what way women on corporate boards influence corporate social performance? Evidence from a semiparametric panel model," Post-Print hal-03693781, HAL.

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