Board diversity and managerial control as predictors of corporate social performance

  • Coffey B
  • Wang J
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Abstract

While it is widely assumed that greater diversity in corporate governance will enhance a firm’s corporate social performance, this study considers an alternative thesis which relates manage- rial control to corporate philanthropy. The study empirically evaluates both board diversity and managerial control of the board as possible predic- tors of corporate philanthropy. The demonstration of a positive relationship between managerial control and corporate philanthropy contributes to our under- standing that corporate social performance results from a complex set of economic and social motives. Possible future research and managerial implications are discussed. Individual

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Authors

  • Betty S. Coffey

  • Jia Wang

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