Effect of board’s gender diversity on Corporate Social Responsibility performance– comparison within Europe

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2019-06-27
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en
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In 2012, the European Commission proposed a directive under which women must represent at least 40% of the total board members. This research aims to demonstrate the importance of the gender diversity in boards, examining its effect on the Corporate Social Responsibility (CSR) performance. To find the effect of the board’s gender diversity on CSR performance, a regression analysis with a random effects model is performed. The used unbalanced panel-dataset consists of 462 EUROSTOXX-listed firms from 2003-2017, across the eight European countries with the highest gender diversity. The results show that there is a positive significant effect of the board’s gender diversity on the ESG-score, a well-defined measurement of overall CSR-performance (Thomson Reuters, 2019). Contrary to previous studies, no effect of the binding gender quota on the relationship between the gender’s diversity and ESG-score is found. Keywords: gender diversity, gender quota, Corporate Social Responsibility, Environmental Social and Governmental score
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Faculteit der Managementwetenschappen