Effect of Diversity in the Board of Directors and Top Management Team on Corporate Social Responsibility

This study analyzes the effect of corporate governance, with an emphasis on gender and age diversity in the board and Top Management Team, on Corporate Social Responsibility in Brazil. The sample was composed of Brazilian firms with corporate governance published in the CVM reference form, financial...

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Autores principales:	Priscila Prudêncio, Hyane Forte, Vicente Crisóstomo, Alessandra Vasconcelos
Formato:	article
Lenguaje:	EN PT
Publicado:	FUCAPE Business School 2021
Materias:	corporate social responsibility corporate governance gender diversity age diversity Business HF5001-6182
Acceso en línea:	https://doaj.org/article/a5bc9906b4e94f29b286b2c3cae3d182
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id	oai:doaj.org-article:a5bc9906b4e94f29b286b2c3cae3d182
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spelling	oai:doaj.org-article:a5bc9906b4e94f29b286b2c3cae3d1822021-11-11T15:48:08ZEffect of Diversity in the Board of Directors and Top Management Team on Corporate Social Responsibility1807-734X10.15728/bbr.2021.18.2.1https://doaj.org/article/a5bc9906b4e94f29b286b2c3cae3d1822021-01-01T00:00:00Zhttp://www.redalyc.org/articulo.oa?id=123067049001https://doaj.org/toc/1807-734XThis study analyzes the effect of corporate governance, with an emphasis on gender and age diversity in the board and Top Management Team, on Corporate Social Responsibility in Brazil. The sample was composed of Brazilian firms with corporate governance published in the CVM reference form, financial information in the Economática® database, and CSR assessed by the CSRHub database, in the 2016-2017 biennium, with a total of 194 firm-year observations. Diversity is measured by the presence of women, age heterogeneity, and average age in the board of directors and top management team. The results indicate that gender diversity in the board of directors and the higher average age of the top management team have a favorable effect on the CSR practices of Brazilian firms. Additionally, it was observed that age heterogeneity among board members has a negative influence on CSR practices. The research contributes to a better understanding of the behavior of more diverse boards of directors and top management teams regarding CSR strategies.Priscila PrudêncioHyane ForteVicente CrisóstomoAlessandra VasconcelosFUCAPE Business Schoolarticlecorporate social responsibilitycorporate governancegender diversityage diversityBusinessHF5001-6182ENPTBBR: Brazilian Business Review, Vol 18, Iss 2, Pp 118-139 (2021)
institution	DOAJ
collection	DOAJ
language	EN PT
topic	corporate social responsibility corporate governance gender diversity age diversity Business HF5001-6182
spellingShingle	corporate social responsibility corporate governance gender diversity age diversity Business HF5001-6182 Priscila Prudêncio Hyane Forte Vicente Crisóstomo Alessandra Vasconcelos Effect of Diversity in the Board of Directors and Top Management Team on Corporate Social Responsibility
description	This study analyzes the effect of corporate governance, with an emphasis on gender and age diversity in the board and Top Management Team, on Corporate Social Responsibility in Brazil. The sample was composed of Brazilian firms with corporate governance published in the CVM reference form, financial information in the Economática® database, and CSR assessed by the CSRHub database, in the 2016-2017 biennium, with a total of 194 firm-year observations. Diversity is measured by the presence of women, age heterogeneity, and average age in the board of directors and top management team. The results indicate that gender diversity in the board of directors and the higher average age of the top management team have a favorable effect on the CSR practices of Brazilian firms. Additionally, it was observed that age heterogeneity among board members has a negative influence on CSR practices. The research contributes to a better understanding of the behavior of more diverse boards of directors and top management teams regarding CSR strategies.
format	article
author	Priscila Prudêncio Hyane Forte Vicente Crisóstomo Alessandra Vasconcelos
author_facet	Priscila Prudêncio Hyane Forte Vicente Crisóstomo Alessandra Vasconcelos
author_sort	Priscila Prudêncio
title	Effect of Diversity in the Board of Directors and Top Management Team on Corporate Social Responsibility
title_short	Effect of Diversity in the Board of Directors and Top Management Team on Corporate Social Responsibility
title_full	Effect of Diversity in the Board of Directors and Top Management Team on Corporate Social Responsibility
title_fullStr	Effect of Diversity in the Board of Directors and Top Management Team on Corporate Social Responsibility
title_full_unstemmed	Effect of Diversity in the Board of Directors and Top Management Team on Corporate Social Responsibility
title_sort	effect of diversity in the board of directors and top management team on corporate social responsibility
publisher	FUCAPE Business School
publishDate	2021
url	https://doaj.org/article/a5bc9906b4e94f29b286b2c3cae3d182
work_keys_str_mv	AT priscilaprudencio effectofdiversityintheboardofdirectorsandtopmanagementteamoncorporatesocialresponsibility AT hyaneforte effectofdiversityintheboardofdirectorsandtopmanagementteamoncorporatesocialresponsibility AT vicentecrisostomo effectofdiversityintheboardofdirectorsandtopmanagementteamoncorporatesocialresponsibility AT alessandravasconcelos effectofdiversityintheboardofdirectorsandtopmanagementteamoncorporatesocialresponsibility
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Effect of Diversity in the Board of Directors and Top Management Team on Corporate Social Responsibility

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