Board internationalization and corporate social responsibility |
| |
| Institution: | 1. School of Accounting, Guizhou University of Finance and Economics, Guiyang, China;2. Department of Accounting, School of Business, Nanjing University, Nanjing, China;3. Business School, Nantong Institute of Technology, Nantong, China;1. School of Economics, Xiamen University, Xiamen, Fujian, PR China;2. School of Economics and Management, Southwest Jiaotong University, Chengdu, Sichuan, PR China;1. School of Economics and Statistics, Guangzhou University, China;2. School of Finance, Guangdong University of Foreign Studies, China;3. Institute of Fortune Management Research (IFMR), China;4. Institute of Financial Openness and Asset Management, China;5. South China Business College, Guangdong University of Foreign Studies, China |
| |
| Abstract: | This study examines the association between board internationalization and firms’ corporate social responsibility (CSR) performance in China during 2009–2019. Using a large dataset of director nationalities and CSR scores, we find that foreign directors promote CSR performance as evidenced by higher CSR scores. We further document that this relationship is more pronounced among government-controlled firms, firms with better corporate governance, and firms operating under stricter institutional environments. These findings remain valid after sequential robustness checks. Overall, our findings imply that foreign directors motivate the board of directors and their firms to actively pursue and practice social responsibility. Our study enriches the literature on the outcomes of board internationalization and determinants of CSR and provides the internationalization of corporate governance mechanisms a reasonable basis. |
| |
| Keywords: | Board Internationalization Corporate Social Responsibility State-owned Enterprises Corporate Governance Institutional Environments M14 G30 G39 |
| 本文献已被 ScienceDirect 等数据库收录！ |
|
