Do Board Gender Diversity and Director Typology Impact CSR Reporting?

Abstract

[EN] By studying female directors and their typology, this paper contributes to the empirical evidence relating to boardgender diversity and the disclosure of corporate social responsibility (CSR) information. An ordered random effectprobit model was applied to a panel of Spanish non-financial and non-insurance listed firms over the 2009–2013period. The analyses revealed that a higher percentage of women in boardrooms and in groups of outside andindependent directors imply better CSR disclosure. These results hold for corporations with a critical mass of threewomen on the board and among outside directors