When Do Women Make a Better Table? Examining the Influence of Women Directors on Family Firm’s Corporate Social Performance
研究公开上市的家族企业中,女性董事如何影响企业社会绩效,发现外部非家族和内部家族女性董事的作用最为关键。
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.