The Role of Managers’ Religiosity and Gender Diversity in Corporate Social Responsibility Disclosure

Subject Areas :

Farhad Azizi ¹ , Fatemeh Alaee ²

1 - Department of Accounting, Shahr-e-Quds Branch, Islamic Azad University, Tehran, Iran
2 - Master of Accounting, Shahr-e-Quds Branch, Islamic Azad University, Tehran, Iran

Received: 2025-07-21 Accepted : 2025-09-13 Published : 2025-12-10

Keywords: Managers' religiosity, gender diversity, corporate social responsibility disclosure,

Abstract :

Managers with strong religious beliefs may exhibit a greater inclination toward transparency and commitment to corporate social responsibility (CSR) reporting due to their ethical values and sense of responsibility rooted in their faith, which often align with principles of justice, fairness, and service to society. On the other hand, gender diversity in management teams can introduce a broader range of perspectives into decision-making processes, enhancing sensitivity to social and environmental issues and thereby improving the quality and comprehensiveness of CSR reports. The combination of these two factors can foster a responsible organizational culture and increase stakeholders' trust in CSR disclosures. Based on this rationale, the present study aims to investigate the role of managers' religiosity and gender diversity in CSR disclosure. This research is applied in purpose, correlational in method, and falls within the category of descriptive studies. The statistical population consists of companies listed on the Tehran Stock Exchange, with a sample of 167 companies over a 9-year period from 2015 to 2023. To test the research hypotheses, multivariate regression with panel data and EViews software were utilized. The findings indicate that managers' religiosity, through adherence to ethical principles, enhances CSR disclosure. Additionally, gender diversity among board members leads to greater transparency in information disclosure, including CSR, confirming the positive impact of gender diversity on social responsibility reporting.

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