TY - JOUR
T1 - Corporate Political Donations, Board Gender Diversity, and Corporate Social Responsibility: Evidence from Australia
AU - Muttakin, Mohammad
AU - Chatterjee, Bikram
AU - Getie Mihret, Dessalegn
AU - Roy, Rajat
AU - Yaftian, Ali
N1 - 36 months embargo on AM
PY - 2022/11
Y1 - 2022/11
N2 - We examine the association between corporate political donation (CPD) and the quality of corporate social responsibility (CSR) disclosures by the Australian Stock Exchange (ASX) listed firms. We also explore the effect of board members’ gender diversity on this association. Consistent with legitimacy and neo-pluralist argument, we report a negative association between corporate political donations and the quality of CSR disclosures. Furthermore, board gender diversity acts as the moderator and mitigates the negative association between political donations and CSR disclosures. We also find that it requires more than one female director to moderate the association between CPDs and CSR disclosures which provides support to the critical mass theory. Our additional analysis reveals that the negative association between CPDs and the quality of CSR disclosures is stronger for the resource industry, and the proportion of female directors has an insignificant effect on this association.
AB - We examine the association between corporate political donation (CPD) and the quality of corporate social responsibility (CSR) disclosures by the Australian Stock Exchange (ASX) listed firms. We also explore the effect of board members’ gender diversity on this association. Consistent with legitimacy and neo-pluralist argument, we report a negative association between corporate political donations and the quality of CSR disclosures. Furthermore, board gender diversity acts as the moderator and mitigates the negative association between political donations and CSR disclosures. We also find that it requires more than one female director to moderate the association between CPDs and CSR disclosures which provides support to the critical mass theory. Our additional analysis reveals that the negative association between CPDs and the quality of CSR disclosures is stronger for the resource industry, and the proportion of female directors has an insignificant effect on this association.
UR - http://www.scopus.com/inward/record.url?scp=85135531394&partnerID=8YFLogxK
U2 - 10.1016/j.jbusres.2022.07.062
DO - 10.1016/j.jbusres.2022.07.062
M3 - Article
SN - 0148-2963
VL - 152
SP - 290
EP - 299
JO - Journal of Business Research
JF - Journal of Business Research
ER -