Exploring Corporate Social Responsibility in Increasing Gender Diversity in the Banking Sector: Bibliometric Analysis
DOI:
https://doi.org/10.32493/JJSDM.v8i2.45112Keywords:
Bibliometric Analysis; CSR, Gender Diversity; Banking SectorAbstract
Gender diversity in the banking sector is increasingly becoming an important issue, especially in the context of Corporate Social Responsibility (CSR). This study aims to explore the role of CSR in increasing gender diversity in the banking sector and its impact on company performance. The method used is a bibliometric analysis that analyzes publications related to CSR and gender diversity from 2019 to 2024. Data obtained from the Scopus database, with the keyword "Corporate Social Responsibility" resulting in 245 journals, which were then selected into 208 articles. The results of the analysis show a significant increase in the number of publications and citations, indicating a growing research interest in this field. The findings also indicate that companies with higher gender on the board of directors tend to have better levels of CSR engagement and improve corporate reputation. This study underlines the importance of leadership training programs for women and policies that support work-life balance as part of CSR initiatives. The conclusion of this study is that gender integration in CSR strategies can improve overall company performance. A systematic approach to promoting gender equality not only contributes to a positive reputation, but also creates a more inclusive and innovative work environment, which in turn can encourage desire and growth in the banking sector. This study provides insights for stakeholders in developing policies that support gender diversity in the financial industry.
References
1. Alazzani, A., Wan-Hussin, W. N., & Jones, M. (2019). Muslim CEO, women on boards and corporate responsibility reporting: some evidence from Malaysia. Journal of Islamic Accounting and Business Research, 10(2), 274–296.
2. Albitar, K., Abdoush, T., & Hussainey, K. (2023). Do corporate governance mechanisms and ESG disclosure drive CSR narrative tones? International Journal of Finance & Economics, 28(4), 3876–3890.
3. Arayakarnkul, P., Chatjuthamard, P., & Treepongkaruna, S. (2022). Board gender diversity, corporate social commitment and sustainability. Corporate Social Responsibility and Environmental Management, 29(5), 1706–1721.
4. Baranova, V., Kulinich, T., Dutchak, O., Zvonar, V., & Denyshchenko, L. (2021). Development of corporate social responsibility in business as a factor of fiscal decentralization. Journal of Eastern European and Central Asian Research, 8(3), 411–424. https://doi.org/10.15549/jeecar.v8i3.760
5. Beji, R., Yousfi, O., Loukil, N., & Omri, A. (2021). Board diversity and corporate social responsibility: Empirical evidence from France. Journal of Business Ethics, 173, 133–155.
6. Benaguid, O., Sbai, H., Meghouar, H., & Antari, O. (2023). Board gender diversity and CSR performance: A French study. Cogent Business & Management, 10(3), 2247226.
7. Bhatter, H. K., & Chhatoi, B. P. (2023). Knowledge mapping in the area of corporate social responsibility and financial performance: a bibliometric and visualisation analysis. International Journal of Accounting, Auditing and Performance Evaluation, 19(1), 53–70.
8. Boukattaya, S., & Omri, A. (2021). Impact of board gender diversity on corporate social responsibility and irresponsibility: Empirical evidence from France. Sustainability, 13(9), 4712.
9. Boutchkova, M., Gonzalez, A., Main, B., & Sila, B. (2021). Gender diversity and the spillover effects of women on boards. Corporate Governance, 29(1), 2–21.
10. Brinette, S., Sonmez, F. D., & Tournus, P. S. (2023). ESG controversies and firm value: Moderating role of board gender diversity and board independence. IEEE Transactions on Engineering Management, 71, 4298–4307.
11. Daniel Vasconcelos, V., Ribeiro, M. de S., & Crisóstomo, V. L. (2022). Does gender diversity moderate the relationship between CSR committees and Sustainable Development Goals disclosure? Evidence from Latin American companies. RAUSP Management Journal, 57(4), 434–456.
12. Donthu, N., Kumar, S., & Pattnaik, D. (2020). Forty-five years of Journal of Business Research: A bibliometric analysis. Journal of Business Research, 109(October 2019), 1–14. https://doi.org/10.1016/j.jbusres.2019.10.039
13. Elouaer, N., Waheed, R., Sarwar, S., & Aziz, G. (2022). Does Gender Diversity and Experience Moderate the Impact of Tax Aggressiveness on Corporate Social Responsibility: A Study of UAE Listed Companies. Sustainability, 14(21), 14348.
14. Fanesha, M., & Sebrina, N. (2024). The Effect of Gender Diversity on Corporate Performance with Corporate Social Responsibility as a Mediation Variable. Journal of Accounting Exploration, 6(3), 1066–1084. https://doi.org/10.24036/jea.v6i3.1717
15. Fernandez, W. D., & Thams, Y. (2019). Board diversity and stakeholder management: the moderating impact of boards' learning environment. The Learning Organization, 26(2), 160–175.
16. Govindan, K., Kilic, M., Uyar, A., & Karaman, A. S. (2021). Drivers and value-relevance of CSR performance in the logistics sector: A cross-country firm-level investigation. International Journal of Production Economics, 231, 107835.
17. Gulzar, M. A., Cherian, J., Hwang, J., Jiang, Y., & Sill, M. S. (2019). The impact of board gender diversity and foreign institutional investors on the corporate social responsibility (CSR) engagement of Chinese listed companies. Sustainability, 11(2), 307.
18. Hameed, F., Alfaraj, M., & Hameed, K. (2023). The Association of Board Characteristics and Corporate Social Responsibility Disclosure Quality: Empirical Evidence from Pakistan. Sustainability, 15(24), 16849.
19. Kachouri, M., Salhi, B., & Jarboui, A. (2020). The impact of gender diversity on the relationship between managerial entrenchment and corporate social responsibility: evidence from UK companies. Journal of Global Responsibility, 11(3), 197–217.
20. Khalikova, V. R., Jin, M., & Chopra, S. S. (2021). Gender in sustainability research: Inclusion, intersectionality, and patterns of knowledge production. Journal of Industrial Ecology, 25(4), 900–912.
21. Lopatta, K., Böttcher, K., Lodhia, S. K., & Tideman, S. A. (2020). The relationship between gender diversity and employee representation at the board level and non-financial performance: A cross-country study. The International Journal of Accounting, 55(01), 2050001.
22. Muhammad, H., Migliori, S., & Di Berardino, D. (n.d.). CSR as a catalyst: Examining the effects of board gender diversity on earnings management. Corporate Social Responsibility and Environmental Management.
23. Naveed, K., Voinea, C. L., Ali, Z., Rauf, F., & Fratostiteanu, C. (2021). Board gender diversity and corporate social performance in different industry groups: Evidence from China. Sustainability, 13(6), 3142.
24. Nayak, R., Thang, L. N. Van, Nguyen, T., Gaimster, J., Morris, R., & George, M. (2022). Sustainable developments and corporate social responsibility in Vietnamese fashion enterprises. Journal of Fashion Marketing and Management: An International Journal, 26(2), 307–327.
25. Neves, M. E., Proença, C., & Cancela, B. (2023). Governance and social responsibility: what factors impact corporate performance in a small banking-oriented country? International Journal of Accounting & Information Management, 31(1), 66–92.
26. Nguyen, T. T. B., & QiWen, H. (2020). Impact of gender and education on corporate social responsibility: evidence from Taiwan. Problems and Perspectives in Management, 18(1), 334.
27. Okafor, C. E., Ujah, N. U., Cho, E., Okafor, W. U., & James, K. L. (2023). The Moderating Effect of a Golden Parachute on the Association between CSR and Firm Value: Does Gender-Driven Innovation Matter? Sustainability, 15(6), 5483.
28. Orazalin, N. (2019). Corporate governance and corporate social responsibility (CSR) disclosure in an emerging economy: evidence from commercial banks of Kazakhstan. Corporate Governance: The International Journal of Business in Society, 19(3), 490–507.
29. Orazalin, N. (2020). Board gender diversity, corporate governance, and earnings management: Evidence from an emerging market. Gender in Management: An International Journal, 35(1), 37–60.
30. Partiti, E. (2020). Regulating trade in forest-risk commodities. Journal of World Trade, 54(1), 31–58. https://doi.org/10.2139/ssrn.3406718
31. Pinheiro, A. B., do Prado, N. B., Batistella, A. J., Ribeiro, C. D. M. de A., & Mazzioni, S. (2024). From zero to Hero: effect of gender diversity on corporate social performance in Brazil. International Journal of Manpower, 45(5), 984–998. https://doi.org/10.1108/IJM-06-2023-0347
32. Pinheiro, P., & Sarmento, M. (2023). Does the Board of Directors affects Corporate Social Responsibility Performance?: Insights from an SEM-PLS Approach. Dirección y Organización: Revista de Dirección, Organización y Administración de Empresas, 80, 42–59.
33. Rastad, M., & Dobson, J. (2022). Gender diversity on corporate boards: Evaluating the effectiveness of shareholder activism. The Quarterly Review of Economics and Finance, 84, 446–461.
34. Reyes, D. J. A. G. (2015). Lean and green-a systematic review of the state of the art literature. Journal of Cleaner Production, 102, 18–29. https://doi.org/10.1016/j.jclepro.2015.04.064
35. Saitova, E., & Di Mauro, C. (2023). The role of organizational and individual-level factors for the inclusion of women managers in Japan. International Journal of Organizational Analysis, 31(5), 1384–1396.
36. Setiawan, T., & Aprilia, A. (2022). The Influence of Corporate Social Responsibility, Millennial Leadership, and Gender Diversity on Company Value. Owner, 6(3), 3261–3269. https://doi.org/10.33395/owner.v6i3.1014
37. Sharma, E. (2019). A review of corporate social responsibility in developed and developing nations. Corporate Social Responsibility and Environmental Management, 26(4), 712–720. https://doi.org/10.1002/csr.1739
38. Shood, H. abou el. (2019). Corporate governance and risk taking: the role of board gender diversity. Pacific Accounting Review, 31(1), 19–42.
39. Sial, M. S., Zheng, C., Cherian, J., Gulzar, M. A., Thu, P. A., Khan, T., & Khuong, N. V. (2018). Does corporate social responsibility mediate the relationship between boardroom, gender diversity, and firm performance of Chinese listed companies? Sustainability, 10(10), 3591.
40. Subhas Modal, T. N. S. (n.d.). Unveiling the moderating role of governance mechanism on the nexus between CSR and firm performance in India: A GMM‐based dynamic panel approach. Corporate Social Responsibility and Environmental Management.
41. Tawfik, O. I., Almaqtari, F. A., Al-ahdal, W. M., Abdul Rahman, A. A., & Farhan, N. H. S. (2023). The impact of board diversity on financial reporting quality in the GCC listed firms: the role of family and royal directors. Economic Research-Ekonomska Istraživanja, 36(1).
42. Temiz, H., & Pickle, M. (2023). Board gender diversity and corporate social responsibility (CSR) disclosure in different disclosure environments. Corporate Social Responsibility and Environmental Management, 30(5), 2247–2264.
43. Umar, U. H. (2024). Gender diversity, foreign directors and sector-wise corporate philanthropic giving of Islamic banks in Bangladesh. Gender in Management: An International Journal, 39(2), 206–221.
44. Valls Martinez, M. del C., Cruz Rambaud, S., & Parra Oller, I. M. (2019). Gender policies on board of directors and sustainable development. Corporate Social Responsibility and Environmental Management, 26(6), 1539–1553.
45. Yahya, F., Abbas, G., Ahmed, A., & Hashmi, M. S. (2020). Restrictive and supportive mechanisms for female directors' risk-averse behavior: evidence from south Asian health care industry. Sage Open, 10(4), 2158244020962777.
46. Yang, W., Yang, J., & Gao, Z. (2019). Do female board directors promote corporate social responsibility? An empirical study based on the critical mass theory. Emerging Markets Finance and Trade, 55(15), 3452–3471.
47. Zhuang, Y., Chang, X., & Lee, Y. (2019). Board composition and corporate social responsibility performance: Evidence from Chinese public firms. Sustainability, 10(8), 2752.
Downloads
Published
Issue
Section
License
Copyright (c) 2024 Hamnatul Millah Fahri, Masiyah Kholmi
This work is licensed under a Creative Commons Attribution 4.0 International License.
Authors who publish in this journal agree to the following terms:
The author owns the copyright of the article and assigns to the journal the right of first publication with the work simultaneously licensed under the terms Atribusi 4.0 Internasional (CC BY 4.0)
which allows others to share the work with acknowledgment of the work's authorship and initial publication in this journal.Authors may enter into separate additional contractual arrangements for the non-exclusive distribution of the published journal version of the work (for example, posting it to an institutional repository or publishing it in a book), with acknowledgment of the work's original publication in this journal.
Authors are permitted and encouraged to post their work online (for example, in institutional repositories or on their websites) before and during the submission process, as this can lead to productive exchanges, as well as earlier and larger citations of published work (See The Effect of Open Access).
.png)
