Academy of Accounting and Financial Studies Journal (Print ISSN: 1096-3685; Online ISSN: 1528-2635)

Abstract

Investigating the Relationship between Board Diversity & Corporate Social Responsibility (CSR) Performance: Evidence from France

Author(s): Hadeel Yaseen, Majd Iskandrani, Aymen Ajina, Amneh Hamad

This study aims to investigate the influence of board diversity on the performance of firm's corporate social responsibility (CSR) in France, by using five different measures of CSR across 89Frenchcompanies from 2012 to 2015. The findings revealed that board diversity measured by gender is positively related to (SCR) performance. Moreover, after controlling CEO age and board characteristics, this study finds supporting evidence for a positive association between board diversity and CSR. The findings of the study emphasize the mass theory and are consistent with the argument that board diversity boosts firms’ ability to satisfy the need of their stakeholders. The findings also confirm that board diversity is necessary to improve corporate governance. Our results remain robust using different measures of board diversity and methods of analysis.