Culture, Board Composition and Corporate Social Reporting in the Banking Sector
Knowledge Area
Economía Financiera y ContabilidadPublication date
2018-07-31Publisher
MDPIBibliographic Citation
En Adm. Sci. 2018, 8, 41; doi:10.3390/admsci8030041Peer review
SiKeywords
Corporate governanceBoard of directors
CSR disclosures
Banking sector
Abstract
This paper contributes to the debate on the corporate governance of financial institutions,
by studying the effect of different board characteristics on the level of corporate social
responsibility (CSR) disclosures of banks. For that, we use a sample composed by 159 banks over
the period 2004–2010. We found that independent directors and gender diversity favor the
disclosure CSR information in baking sector. But, these results are moderated by the national
cultural system; concretely, previous positive effects of independence and diversity of banks’
boards on CSR reporting are reduced in countries with a weaker cultural system, that is,
individualist, masculine and vertically stratified societies, that are little indulgent and short-term
oriented and show high levels of uncertainty avoidance.
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