oikosPublicationsThesesCorporate Governance and Firm Performance: The Sustainability Equation?

Corporate Governance and Firm Performance: The Sustainability Equation?

AbstractIn order to achieve a sustainable growth and to respond to social pressures, firms develop their Corporate Social Responsibility (CSR) policy. Corporate Governance, especially the board of directors, plays here a strategic role by integrating the environmental, social and societal objectives in the decision-making process. Based on the French case, this dissertation analyzes how corporate governance may foster CSR inside firms. First, I demonstrate that CSR motivation is an important trigger of CSR awareness. Second, I study how the composition of board of directors theoretically affects firm outcomes. Third, I evaluate three CSR demands from shareholders, stakeholder and society in terms of board composition (independence, stakeholder representation and gender diversity inside the boardroom) and their impact on firm performances. I conclude with some recommendations in terms of public policy and regulation to foster sustainable development through firms.
Organization(s)Ecole Polytechnique
Publication TypeThesis (PhD)
Keywords Corporate Social Responsibility, Corporate Governance, board of directors, Agency Theory, Stakeholder Theory, Gender Diversity
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