Gender Diversity and Their Impact on Corporate Social Responsibility: Evidence from Listed Companies in Sri Lanka

Chandula A.M.T., Dissanayake H. & Iddagoda Anuradha

Volume 2 Issue 2 December 2022

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https://doi.org/10.53378/

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Abstract

Since the word Corporate Social Responsibility (CSR) was initially used decades ago, only a few efforts have been made to determine the relationship between gender diversity and CSR in the Sri Lankan context. Therefore, this study shows a willingness to analyze the impact of gender diversity on CSR in Sri Lanka based on empirical data and knowledge gaps in this field. The data was collected from 133 companies, by using a structured questionnaire. Therefore, this study is quantitative. Secondary data was collected from the annual reports for 2021. The data analysis included the descriptive, and correlation, by using Statistical Package for Social Science (SPSS) and regression analysis by using SMART PLS3. The findings revealed that gender diversity and legal responsibility have a significant impact while economic, ethical, and philanthropic have no impact on Sri Lankan companies. Although the finding of the study is added to the stakeholder theory. This study is only limited to the listed companies in Sri Lanka the sample consists of 164 companies and only 133 responses have been obtained. Furthermore, there is a possibility of not gathering enough data, and the issue of social desirability bias exists. As Sri Lanka is a developing country companies have to make more policies to achieve sustainable goals by imposing new rules to ensure that women's representation is on board. Additionally, representing female directors on boards is significant for the economy since women contribute to both social and economic development.

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Cite this article:

Chandula A.M.T., Dissanayake H. & Iddagoda Anuradha (2022). Gender Diversity and Their Impact on Corporate Social Responsibility Evidence from Listed Companies in Sri Lanka. The Research Probe, Volume 2 Issue 2, pp. 37 - 42.