Age Diversity and Corporate Social Responsibility—Evidence from Chinese Listed Firms

摘要

The impact of diversification of corporate governance on corporate performance has been the focus of multiple parties, the age constitution of the board and the presentation of corporate social responsibility have brought new ideas to this problem. This article examines whether the age diversity of board hinders the implementation of CSR. We select 305 Chinese listed firms’ annual data from 2010 to 2014, and use ordinary least squares method and two-stage least squares method to investigate the effect. We find the age diversity is negatively associated with the CSR performance, which is consistent with the analysis based on social psychology.