Investigating the Effect of Board Characteristics on Corporate Social Responsibility: A Meta-Analysis

Subject Areas :

mohammad javad zare bahnamiri ¹ , narges sarlak ² , Manijeh ramshe ³ , Fatemeh Oveicy Nick ⁴

1 - Faculty of Economics and Administrative Science, university of Qom
2 - Faculty of Economics and Administrative Sciences, University of Qom, Qom, Iran
3 - Faculty of Economics and Administrative Sciences, University of Qom, Qom, Iran
4 - Faculty of Economics and Administrative Sciences, University of Qom, Qom, Iran

Received: 2023-03-11 Accepted : 2024-02-12 Published : 2024-02-12

Keywords: Corporate Governance, meta-analysis, Corporate Social Responsibility, Board Characteristics,

Abstract :

The purpose of this research is to use the meta-analysis approach to combine, integrate and eliminate the inconsistencies in the research conducted in the field of investigating the impact of the board characteristics on the criteria of corporate governance on corporate social responsibility. This research has used the approach of Lipsey and Wilson (2001) as well as Cochran's Q test for 59 studies, including 12 internal studies during the years 2006 to 2021 and 47 foreign studies during the years 2002 to 2021. In these studies, corporate social responsibility was mentioned as a dependent variable and corporate board characteristics as an independent variable. The results show that board independence, women on the board, degree of education, corporate social responsibility board committee, the board size, foreign directors on the board, multiple directorships, and tenure of directors have a positive relationship with corporate social responsibility. Also, there is a negative relationship between CEO duality with corporate social responsibility. By examining the mechanisms of corporate governance, this research helps the legislators, trustees of the profession, investors, and companies to pay more attention to the practical criteria of corporate governance, including the board characteristics and the factors influencing the selection of managers to control the company's performance and finally, it leads to the improvement of social responsibility activities and maximizing the interests of shareholders.