Corporate social responsibility reporting and capital structure: Does board gender diversity mind in such association?

[EN]This research aims to shed light on the effect of corporate social responsibility (CSR) disclosure on capital structure, a significant strategic policy for all listed companies. Furthermore, it aims to explore the moderating effect of the presence of female directors on corporate boards on the r...

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Autores: Pucheta Martínez, María Consuelo, Bel Oms, Inmaculada, Gallego Álvarez, Isabel
Tipo de recurso: artículo
Estado:Versión publicada
Fecha de publicación:2023
País:España
Institución:Universidad de Salamanca (USAL)
Repositorio:GREDOS. Repositorio Institucional de la Universidad de Salamanca
OAI Identifier:oai:gredos.usal.es:10366/170221
Acceso en línea:http://hdl.handle.net/10366/170221
Access Level:acceso abierto
Palabra clave:Capital structure
Corporate governance
Corporate social responsibility (CSR)
Female directors
5303.01 Contabilidad Financiera
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repository_id_str
spelling Corporate social responsibility reporting and capital structure: Does board gender diversity mind in such association?Pucheta Martínez, María ConsueloBel Oms, InmaculadaGallego Álvarez, IsabelCapital structureCorporate governanceCorporate social responsibility (CSR)Female directors5303.01 Contabilidad Financiera[EN]This research aims to shed light on the effect of corporate social responsibility (CSR) disclosure on capital structure, a significant strategic policy for all listed companies. Furthermore, it aims to explore the moderating effect of the presence of female directors on corporate boards on the relationship between CSR disclosure and capital structure. We use an international sample of 48 countries for the years 2007–2019 collected from the Thomson Reuters database. This study uses the GMM procedure to estimate the model of the association between the disclosure of CSR information and capital structure and the moderating effect of board gender diversity in such relationship. Drawing on agency theory, the results support the negative relationship between CSR disclosure and capital structure. Moreover, our findings also reveal that board gender diversity does not moderate the association between CSR disclosure and capital structure.The Junta de Castilla y Leon and the European Regional Development Fund, Grant/Award Number: CLU-2019-03; The Ministry of Science and Innovation, Grant/Award Number: GELESMAT (PID2021-122419OB-I00)Wiley202620262023info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionhttp://hdl.handle.net/10366/170221reponame:GREDOS. Repositorio Institucional de la Universidad de Salamancainstname:Universidad de Salamanca (USAL)InglésPID2021-122419OB-I00Attribution-NonCommercial-NoDerivatives 4.0 Internacionalhttp://creativecommons.org/licenses/by-nc-nd/4.0/info:eu-repo/semantics/openAccessoai:gredos.usal.es:10366/1702212026-06-07T06:28:51Z
dc.title.none.fl_str_mv Corporate social responsibility reporting and capital structure: Does board gender diversity mind in such association?
title Corporate social responsibility reporting and capital structure: Does board gender diversity mind in such association?
spellingShingle Corporate social responsibility reporting and capital structure: Does board gender diversity mind in such association?
Pucheta Martínez, María Consuelo
Capital structure
Corporate governance
Corporate social responsibility (CSR)
Female directors
5303.01 Contabilidad Financiera
title_short Corporate social responsibility reporting and capital structure: Does board gender diversity mind in such association?
title_full Corporate social responsibility reporting and capital structure: Does board gender diversity mind in such association?
title_fullStr Corporate social responsibility reporting and capital structure: Does board gender diversity mind in such association?
title_full_unstemmed Corporate social responsibility reporting and capital structure: Does board gender diversity mind in such association?
title_sort Corporate social responsibility reporting and capital structure: Does board gender diversity mind in such association?
dc.creator.none.fl_str_mv Pucheta Martínez, María Consuelo
Bel Oms, Inmaculada
Gallego Álvarez, Isabel
author Pucheta Martínez, María Consuelo
author_facet Pucheta Martínez, María Consuelo
Bel Oms, Inmaculada
Gallego Álvarez, Isabel
author_role author
author2 Bel Oms, Inmaculada
Gallego Álvarez, Isabel
author2_role author
author
dc.subject.none.fl_str_mv Capital structure
Corporate governance
Corporate social responsibility (CSR)
Female directors
5303.01 Contabilidad Financiera
topic Capital structure
Corporate governance
Corporate social responsibility (CSR)
Female directors
5303.01 Contabilidad Financiera
description [EN]This research aims to shed light on the effect of corporate social responsibility (CSR) disclosure on capital structure, a significant strategic policy for all listed companies. Furthermore, it aims to explore the moderating effect of the presence of female directors on corporate boards on the relationship between CSR disclosure and capital structure. We use an international sample of 48 countries for the years 2007–2019 collected from the Thomson Reuters database. This study uses the GMM procedure to estimate the model of the association between the disclosure of CSR information and capital structure and the moderating effect of board gender diversity in such relationship. Drawing on agency theory, the results support the negative relationship between CSR disclosure and capital structure. Moreover, our findings also reveal that board gender diversity does not moderate the association between CSR disclosure and capital structure.
publishDate 2023
dc.date.none.fl_str_mv 2023
2026
2026
dc.type.none.fl_str_mv info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
format article
status_str publishedVersion
dc.identifier.none.fl_str_mv http://hdl.handle.net/10366/170221
url http://hdl.handle.net/10366/170221
dc.language.none.fl_str_mv Inglés
language_invalid_str_mv Inglés
dc.relation.none.fl_str_mv PID2021-122419OB-I00
dc.rights.none.fl_str_mv Attribution-NonCommercial-NoDerivatives 4.0 Internacional
http://creativecommons.org/licenses/by-nc-nd/4.0/
info:eu-repo/semantics/openAccess
rights_invalid_str_mv Attribution-NonCommercial-NoDerivatives 4.0 Internacional
http://creativecommons.org/licenses/by-nc-nd/4.0/
eu_rights_str_mv openAccess
dc.publisher.none.fl_str_mv Wiley
publisher.none.fl_str_mv Wiley
dc.source.none.fl_str_mv reponame:GREDOS. Repositorio Institucional de la Universidad de Salamanca
instname:Universidad de Salamanca (USAL)
instname_str Universidad de Salamanca (USAL)
reponame_str GREDOS. Repositorio Institucional de la Universidad de Salamanca
collection GREDOS. Repositorio Institucional de la Universidad de Salamanca
repository.name.fl_str_mv
repository.mail.fl_str_mv
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score 15,81155

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