Archival research suggests that female executives have an impact on corporate decision making and generally finds positive associations between female board representation and Corporate Social Responsibility (CSR) performance. However, such research does not provide satisfactory evidence for a causal inference between female board and management representation and firms’ CSR performance. In addition, it does not reveal why female executives decide differently in the context of CSR and which character traits drive the decision-making process of male and female executives when investing in CSR. As this is our starting point, using Amazon Mechanical Turk participants, we conduct a 2x2 between-participants experiment and examine executives’ decision making when investing in a new production facility with the opportunity of improving social and/or ecological standards. We measure participants’ gender as our first independent variable and manipulate shareholder pressure as our second independent variable. We find that shareholder pressure positively influences CSR investment and that female executives are more sensitive to shareholder pressure. Furthermore, supplemental analyses reveal that risk propensity and attitude towards sustainability are gender-specific character traits that drive CSR investment of male and female executives. Our study contributes to the literature on differences in decision making of female and male executives.
|Publication date||Oct 2020|
|Number of pages||60|
|Publication status||Published - Oct 2020|
|Event||AAA Annual Meeting - |
Duration: 7. Aug 2020 → …
|Conference||AAA Annual Meeting|
|Period||07/08/2020 → …|