424637

The Impact of Board Diversity on Corporate Social Responsibility (CSR)

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Last updated: 04 May 2025

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Abstract

This study investigates the impact of board diversity—specifically board gender diversity (BGD), board experience (EX), and board independence (IND)—on corporate social responsibility (CSR) within Egyptian stock market firms during the period from 2015 to 2019. Using a quantitative research methodology, data from EGX100 companies were analyzed to examine the relationships between board characteristics and CSR performance. The analysis employed regression models to address challenges such as autocorrelation and multicollinearity, particularly concerning firm size. The findings reveal a significant positive relationship between BGD and CSR, while board independence shows a moderate yet significant impact. Board experience, however, demonstrated a weaker correlation. These results highlight the predictive value of board diversity in explaining CSR performance. This research provides valuable insights for policymakers, investors, and management by emphasizing the importance of promoting diverse and independent boards. Recommendations for future research include investigating additional board and firm-level variables and enhancing corporate governance frameworks to support sustainable market development.

DOI

10.21608/jaebs.2025.424637

Keywords

Board diversity, CSR, BGD, ex, IND Egypt

Volume

1

Article Issue

2

Related Issue

55345

Issue Date

2025-04-01

Receive Date

2024-12-02

Publish Date

2025-04-27

Page Start

27

Page End

46

Print ISSN

3009-7533

Online ISSN

2974-3680

Link

https://jaebs.journals.ekb.eg/article_424637.html

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http://journals.ekb.eg?_action=service&article_code=424637

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424,637

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Original Article

Type Code

2,997

Publication Type

Journal

Publication Title

Journal of Advances in Economics and Business Studies

Publication Link

https://jaebs.journals.ekb.eg/

MainTitle

The Impact of Board Diversity on Corporate Social Responsibility (CSR)

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Article

Created At

04 May 2025