The Effect of Corporate Social Responsibility and Board Gender Diversity on Bankruptcy: Evidence from Korea

This study investigates whether corporate social responsibility (CSR) activities and board gender diversity affect bankruptcy. The core issue focuses on the moderating effect between CSR activities and board gender diversity on bankruptcy. Using 4,654 firmyear observations from a sample of 581 non-...

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Autores principales:	Hyun-Jung Nam, Yohan An
Formato:	article
Lenguaje:	EN
Publicado:	Universiti Sains Malaysia 2021
Materias:	bankruptcy board gender diversity corporate social responsibility female director Korea Business HF5001-6182
Acceso en línea:	https://doaj.org/article/865c64059e3a4e6e8b9b617c7e8d943d
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spelling	oai:doaj.org-article:865c64059e3a4e6e8b9b617c7e8d943d2021-12-03T01:52:55ZThe Effect of Corporate Social Responsibility and Board Gender Diversity on Bankruptcy: Evidence from Korea10.21315/aamj2021.26.2.31394-26032180-4184https://doaj.org/article/865c64059e3a4e6e8b9b617c7e8d943d2021-12-01T00:00:00Zhttps://ejournal.usm.my/aamj/article/view/156https://doaj.org/toc/1394-2603https://doaj.org/toc/2180-4184 This study investigates whether corporate social responsibility (CSR) activities and board gender diversity affect bankruptcy. The core issue focuses on the moderating effect between CSR activities and board gender diversity on bankruptcy. Using 4,654 firmyear observations from a sample of 581 non-financial firms listed on the Korean Stock Exchange over the period 2009–2017, we employ the fixed effect estimation and two-way fixed effect estimation of panel analysis to control endogenous. We find firms engaging more in CSR activities reduce the level of bankruptcy, but board gender diversity does not reduce the level of bankruptcy due to tiny portion of female director in the boardroom. The moderating effect on the relationship between CSR activities and board gender diversity reduce the level of bankruptcy. This result indicates that the influence of female directors on the boards of Korean listed firms is not yet strong but board gender diversity with good CSR activities positively operate to reduce the level of bankruptcy. Hyun-Jung NamYohan AnUniversiti Sains Malaysia articlebankruptcyboard gender diversitycorporate social responsibilityfemale directorKoreaBusinessHF5001-6182ENAsian Academy of Management Journal, Vol 26, Iss 2 (2021)
institution	DOAJ
collection	DOAJ
language	EN
topic	bankruptcy board gender diversity corporate social responsibility female director Korea Business HF5001-6182
spellingShingle	bankruptcy board gender diversity corporate social responsibility female director Korea Business HF5001-6182 Hyun-Jung Nam Yohan An The Effect of Corporate Social Responsibility and Board Gender Diversity on Bankruptcy: Evidence from Korea
description	This study investigates whether corporate social responsibility (CSR) activities and board gender diversity affect bankruptcy. The core issue focuses on the moderating effect between CSR activities and board gender diversity on bankruptcy. Using 4,654 firmyear observations from a sample of 581 non-financial firms listed on the Korean Stock Exchange over the period 2009–2017, we employ the fixed effect estimation and two-way fixed effect estimation of panel analysis to control endogenous. We find firms engaging more in CSR activities reduce the level of bankruptcy, but board gender diversity does not reduce the level of bankruptcy due to tiny portion of female director in the boardroom. The moderating effect on the relationship between CSR activities and board gender diversity reduce the level of bankruptcy. This result indicates that the influence of female directors on the boards of Korean listed firms is not yet strong but board gender diversity with good CSR activities positively operate to reduce the level of bankruptcy.
format	article
author	Hyun-Jung Nam Yohan An
author_facet	Hyun-Jung Nam Yohan An
author_sort	Hyun-Jung Nam
title	The Effect of Corporate Social Responsibility and Board Gender Diversity on Bankruptcy: Evidence from Korea
title_short	The Effect of Corporate Social Responsibility and Board Gender Diversity on Bankruptcy: Evidence from Korea
title_full	The Effect of Corporate Social Responsibility and Board Gender Diversity on Bankruptcy: Evidence from Korea
title_fullStr	The Effect of Corporate Social Responsibility and Board Gender Diversity on Bankruptcy: Evidence from Korea
title_full_unstemmed	The Effect of Corporate Social Responsibility and Board Gender Diversity on Bankruptcy: Evidence from Korea
title_sort	effect of corporate social responsibility and board gender diversity on bankruptcy: evidence from korea
publisher	Universiti Sains Malaysia
publishDate	2021
url	https://doaj.org/article/865c64059e3a4e6e8b9b617c7e8d943d
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_version_	1718373942265118720

The Effect of Corporate Social Responsibility and Board Gender Diversity on Bankruptcy: Evidence from Korea

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