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Korean Academic Society of Business Administration
[ Article ]
korean management review - Vol. 46, No. 3, pp.691-714
ISSN: 1226-1874 (Print)
Print publication date 30 Jun 2017
Received 01 Nov 2016 Revised 09 Mar 2017 Accepted 06 Apr 2017
DOI: https://doi.org/10.17287/kmr.2017.46.3.691

이사회의 여성 멤버가 기업의 사회적 책임에 미치는 영향: 제도적 vs. 기술적 강점 측면

임미희* ; 이지환**
*(주저자) KAIST 경영대학 mich@business.kaist.ac.kr
**(교신저자) KAIST 경영대학 jihwanlee@business.kaist.ac.kr
The Effects of Female Board Members on Corporate Social Responsibility: Institutional vs. Technical Strength
Mi-Hee Lim* ; Ji-Hwan Lee**
*KAIST College of Business, First Author
**KAIST College of Business, Corresponding Author

초록

본 연구는 이사회 내 여성 이사가 기업의 사회적 책임에 미치는 영향을 파악하는데 목적을 두고 있다. 이를 위해 1999년부터 2013년 기간의 2180개 미국기업을 대상으로 실증 분석을 수행하였다. 연구결과 첫째, 박애주의와 보편주의 가치를 가진 여성 이사는 자신이 가진 가치와 일관된 행동을 하고자 하는 규범적 이유로 인하여 기업의 CSR 참여를 증대시키는 것으로 나타났다. 특히 이러한 양의 영향은 여성 이사가 가진 성향적 차이와 경험으로 인하여 기업과 직접적인 자원의 거래 관계에 있는 기술적 이해관계자(고객, 주주, 종업원)보다는 직접적인 관계를 가지지 않는 제도적 이해관계자(지역사회, 소수집단)를 위한 사회적 활동에서 더욱 크게 나타났다. 둘째, 여성 이사는 명성과 같은 개인적 이익을 추구하기 위한 도구적 이유로 인하여 기업의 사회적 행동을 지지하는 경향을 보이기도 해, 다수의 외부 기업에 사외이사직을 겸직하는 경우 기업의 CSR 참여를 더욱 증대시키는 것으로 나타났다. 특히 이러한 양의 조절 효과는 넓은 범위의 이해관계자의 기대를 충족시킴으로써 명성 개선에 상대적으로 큰 효과를 기대할 수 있는 제도적 이해관계자를 위한 사회적 활동에서 더욱 크게 나타났다.

Abstract

This study examines the effects of the female board representation on corporate social responsibility (CSR). The results of analyzing a sample of 2180 US firms in 1999 - 2013 provide several findings. First, as individuals tend to behave consistently with their values (i.e., normative reasons), the presence of female directors, who are in general more benevolent and universally concerned, will increase CSR commitment of the firm. Particularly, the positive impact of female directors is greater on the socially responsible behavior for institutional stakeholders (i.e., community, minority) than on that for technical stakeholders (i.e., customers, shareholders, employees). Second, as individuals also tend to pursue their interests such as reputation (i.e., instrumental reasons), female directors with multiple directorships in external organizations will increase the CSR involvement even more. Furthermore, this positive moderating effect of multiple directorships on the relationship between female directors and CSR involvement is greater in CSR activities for institutional, rather than technical, stakeholders, because satisfying institutional stakeholders is more effective to enhance their reputation.

Keywords:

female directors, board of directors, corporate social responsibility, institutional strength, technical strength

키워드:

여성 이사, 이사회, 기업의 사회적 책임(CSR), 제도적 강점, 기술적 강점

Acknowledgments

본 연구는 2016년도 미래창조과학부 KAIST 경영대학 녹색성장대학원 운영사업 지원에 의한 논문임This research has been supported by the Korean Ministry of Science, ICT, and Future Planning through the Graduate School of Green Growth at KAIST College of Business in 2016.

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• 저자 임미희는 현재 KAIST 경영대학 경영공학부 조직전략분야 박사과정으로 재학 중이다. 한국과학기술원(KAIST) 산업경영학 학사 및 경영공학 석사를 취득하였으며, 이후 A.T.Kearney 및 한국산업은행에서 현업 경력을 취득하였다. 주요 연구 분야는 기업지배구조, 인수합병, 기업의 사회적 책임 등이다.

• 저자 이지환은 KAIST 경영대학 부교수로 재직 중이다. 서울대학교 경영대학에서 학사 및 석사, London Business School에서 박사 학위를 취득하였다. 현재 한국경영학회 동계학술대회 조직위원장, 한국전략경영학회 부회장 등을 맡고 있다. 주요 연구 분야는 기업지배구조, 조직학습, 글로벌 전략 등이다.