THE CORPORATE SOCIAL RESPONSIBILITY AND THE CORPORATE FINANCIAL PERFORMANCE BY MODERATING ROLE OF BOARD GENDER DIVERSITY

Abstract

Current study examined influence of corporate social responsibility disclosure (CSRD) and financial performance of the firm. It highlights the effect of gender diversity as a moderator on the relationship of corporate social responsibility disclosure and financial performance. This study has used 100 non-financials companies’ data for ten years from 2011-2019. Panel data is collected from annual reports and websites of companies. Using regression analysis, scholar pragmatically analyzed the interrelationship of corporate social responsibility disclosure and financial performance along with moderating role of board gender diversity. The regression results stated that CSRD has positive impact. Gender diversity has negative moderating impact. Also, firm size, board size, and industry effect have a significant positive and independence has positive but insignificant impact on firm performance. While leverage has negatively impact on corporate financial performance. The paper focuses on relationship of financial performance and corporate social responsibility disclosure of firms with the inclusion of board gender diversity.