Executive Takeaways
■ Female CEOs, board chairs, and directors foster charitable giving. ■ Companies can enhance their social responsiveness by adding women to their boards. ■ A critical mass of two women is necessary for favorable social responsibility outcomes. ■ Nonprofits/charities should look to firms with gender-diverse boards to source donations.
Lucy F. Ackert, Professor of Finance, Vineeta D. Sharma, Professor of Accounting, and Divesh S. Sharma, Professor of Accounting
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