1 resultado citou: Gender influence, social responsibility and governance in performance

Abstract Purpose: This study aims to analyze the relationship between corporate social responsibility (CSR) and company economic performance, moderated by women’s participation, under the lens of upper echelon theory. Originality/value: The findings can enhance discussions regarding the significant role of women in leadership positions as a factor that fosters the adoption of CSR practices and their impact on companies’ economic performance. Design/methodology/approach: The research utilized data from Refinitiv EIKON on companies listed on stock exchanges in Latin American countries, covering six countries (Argentina, Brazil, Chile, Colombia, Mexico, and Peru) between 2012 and 2021. The dataset included 12,531 observations. For the analysis, we employed the Heckman model, considering economic performance as the dependent variable, CSR as the independent variable, and women’s participation as a moderator in this relationship. Control variables such as board size, CEO duality, company size, and leverage were also included. Findings: The results demonstrate a relationship between CSR and economic performance and the moderating role of women’s participation in this relationship. Furthermore, the results suggest that policies promoting the inclusion of women in executive positions and boards are not only a matter of equity but also a business strategy that can lead to better financial results.