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The Link Among Board Characteristics, Corporate Social Responsibility Performance, And Financial Performance: Evidence From The Hospitality And Tourism Industry, Ali Uyar, Merve Kilic, Mehmet Ali Koseoglu, Cemil Kuzey, Abdullah S. Karaman
The Link Among Board Characteristics, Corporate Social Responsibility Performance, And Financial Performance: Evidence From The Hospitality And Tourism Industry, Ali Uyar, Merve Kilic, Mehmet Ali Koseoglu, Cemil Kuzey, Abdullah S. Karaman
Faculty & Staff Research and Creative Activity
The aim of this study is twofold: to explore whether board characteristics (i.e. a sustainability committee, board independence, board diversity, and board diligence) lead to greater corporate social responsibility (CSR) performance, and to test whether CSR performance enhances firms' financial performance in the hospitality and tourism (H&T) industry. Data were collected from the Thomson Reuters Eikon database for the H&T firms listed there between 2011 and 2018. We employed panel data analysis, after which we ran robustness tests. The results indicated that having a CSR committee and female directors on the board are robust factors driving firms to show superior …