Engineering

Aerospace engineering

On board

Statistics

Public relations

Accounting

Independence (probability theory)

Business

Corporate governance

Mathematics

Politics

Reputation

Political science

Social capital

Meta-analysis

Internal medicine

Corporate social responsibility

Sociology

Content analysis

Representation (politics)

Medicine

Finance

Social science

Sustainability

Many studies have examined the relationships between board attributes (board independence, CEO duality, board size, and women on boards) and corporate social responsibility disclosure (CSRD) as a means to improve a firm’s reputation. This research was performed in various international settings and uneven outcomes were obtained. We therefore meta-analyzed 88 studies to summarize scattered evidence and found that CEO duality had a significantly negative relationship with CSRD, while board independence, board size and women representation had a significantly positive relationship with CSRD. These relationships were more significant in countries with low levels of commitment to sustainable goals. Thus, our study revealed differences in the relationship between board attributes and CSRD, and that these differences were conditioned by the institutional contexts in which firms operate. Our research has practical implications for practitioners and policy makers alike as we offer guidelines on the most suitable corporate governance mechanisms to achieve lower capital costs and better access to finance.

Board Attributes and Corporate Social Responsibility Disclosure: A Meta-Analysis