Board diversity and social responsibility: The case of Jordanian commercial banks
Open Access
- 2 March 2018
- journal article
- Published by Virtus Interpress in Corporate Ownership and Control
- Vol. 15 (2-1), 139-147
- https://doi.org/10.22495/cocv15i2c1p1
Abstract
This paper examines the impact of the board diversity on firms’ corporate social responsibility (CSR) performance. Using a sample of 13 Jordanian commercial banks listed at Amman Stock Exchange (ASE) during the period 2005-2014, the study finds that board diversity measures, namely: board size, gender, age, education; nationality and independence are positively associated with CSR performance. At the same time, the existence of institutions’ representatives was found to be negatively affecting the social participation of banks. This paper provides a substantial contribution to the existing research studies that tackle CSR not only in Jordan but also in the region by introducing female directors, as it suggests that the quotas for women participation should be increased. The results are considered important to policymakers, government regulators, potential investors and CSR agencies.Keywords
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