When do women make a better table? Examining the influence of women directors on family firm's corporate social performance

Our paper seeks to further understand the influence of gender board diversity on firms' corporate social performance (CPS) in the context of publicly held family firms. Grounded on corporate governance and family firm literature, we argue that the influence of women directors on CSP will be...

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Detalles Bibliográficos
Autores: Cruz, Cristina, Justo, Rachida, Larraza Kintana, Martín, Garcés Galdeano, Lucía
Tipo de recurso: artículo
Estado:Versión aceptada para publicación
Fecha de publicación:2019
País:España
Institución:Universidad Pública de Navarra
Repositorio:Academica-e. Repositorio Institucional de la Universidad Pública de Navarra
OAI Identifier:oai:academica-e.unavarra.es:2454/36079
Acceso en línea:https://hdl.handle.net/2454/36079
Access Level:acceso abierto
Palabra clave:Family firms
CSP
Corporate governance
Gender board diversity
Women director
Outside/inside woman director
Descripción
Sumario:Our paper seeks to further understand the influence of gender board diversity on firms' corporate social performance (CPS) in the context of publicly held family firms. Grounded on corporate governance and family firm literature, we argue that the influence of women directors on CSP will be contingent on their relative power and legitimacy within the board, and that such dynamics are particularly important in family firm boardrooms. Our empirical results show that increases in CSP associated with the presence of women in the boards of family firms are due mainly to the presence of outsider nonfamily and insider family women directors. Implications for the theory of family firms are discussed.