This project has been published in The International Journal of Accounting and is co-authored with Kerstin Lopatta (University of Hamburg, Germany), Sumit K. Lodhia (University of South Australia, Australia), and Katarina Boettcher (Carl von Ossietzky University Oldenburg, Germany).
Abstract
This paper examines the relationship between the presence of employee representatives and female directors at the board level and a firm’s environmental and corporate social responsibility (CSR) performance. Using an international sample of firms from 23 developed countries between 2001 and 2014, we provide evidence that the presence of labor representatives and a larger proportion of women as well as female labor representatives at the board level are positively related to CSR and environmental performance. Furthermore, we find no substitutional relationship between female board members and labor representation when we include an interaction term between the two. Our findings illustrate that the relevant legislation in some non-Anglo-Saxon countries is beneficial and could be introduced in Anglo-Saxon countries where employee representation rights are limited and female board members are still a minority.
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Dr. Sebastian A. Tideman 