Title: Female executive officers and corporate social responsibility disclosure: evidence from the banking industry in an emerging market

Authors: Muhammad Agung Prabowo; Mohammad Jamin; Deo Julion Saputro; Arief Mufraini; Dian Agustia

Addresses: Faculty of Economics and Business, Sebelas Maret University, Jalan Ir. Sutami No. 36A, Jebres, Kota Surakarta, Solo, Jawa Tengah 57126, Indonesia ' Faculty of Economics and Business, Sebelas Maret University, Jalan Ir. Sutami No. 36A, Jebres, Kota Surakarta, Solo, Jawa Tengah 57126, Indonesia ' Faculty of Economics and Business, Sebelas Maret University, Jalan Ir. Sutami No. 36A, Jebres, Kota Surakarta, Solo, Jawa Tengah 57126, Indonesia ' Faculty of Economics and Business, Syarif Hidayatullah State Islamic University Jakarta, Jalan Ir. H. Djuanda No. 95, Ciputat, Kota Tangerang Selatan, Banten 15412, Indonesia ' Faculty of Economics and Business, Universitas Airlangga, Surabaya, Jawa Timur 88907, Indonesia

Abstract: This paper examines the link between women serving in a top management team (TMT) and corporate social responsibility (CSR) disclosure in the banking industry. We assume that female executives have specific characteristics that lead to better CSR disclosure. Using a dataset consisting of 88 banks incorporated in Indonesia, we find that the presence of female executives positively affects CSR disclosure. However, a sensitivity test revealed an interrelationship among governance mechanisms. Specifically, the beneficial effect of the presence of female executives on CSR disclosure is more pronounced in banks listed on the stock market. Further, the effect of women serving in a TMT is observed only in medium and larger banks and in banks without government ownership.

Keywords: female executive; corporate governance; corporate social responsibility disclosure; banking; Indonesia.

DOI: 10.1504/JGBA.2017.091944

Journal for Global Business Advancement, 2017 Vol.10 No.6, pp.631 - 651

Received: 22 Feb 2018
Accepted: 23 Feb 2018

Published online: 17 May 2018 *

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