Goranka Knežević

Singidunum University

Belgrade, Serbia

E-mail: gknezevic@singidunum.ac.rs

ORCID 0000-0003-3642-7682

Does gender diversity improve CSR reporting? Evidence from the Central and West Balkan banking sector

Vladan Pavlović

University of Pristina in Kosovska Mitrovica,

Kosovska Mitrovica, Serbia

E-mail: vladan.pavlovic@pr.ac.rs

ORCID 0000-0002-2228-7095

Radica Bojičić

University of Pristina in Kosovska Mitrovica,

Kosovska Mitrovica, Serbia

E-mail: radica.bojicic@pr.ac.rs

ORCID 0000-0002-4192-5646

Abstract. This study aims to investigate the effect of gender diversity in board of directors in banks on environmental, economic, social, and governance (CSR) reporting. The sample comprises 85 banks operating in the Central and West Balkan region. Research results suggest that gender diversity in a two-tier board system in bank boards does not affect CSR reporting as measured by the constructed EESG index with statistical significance. However, taking into consideration specific elements of this index, we found that gender diversity on the supervisory board had a positive effect on variables that compose this index. This is the first study to provide insight into gender and the CSR reporting nexus in the Central and West Balkan region. This study contributes to the discussions on those issues in a global scale and in terms of the banking sector in particular.

Received: November, 2022

1st Revision: August, 2023

Accepted: September, 2023

DOI: 10.14254/2071-789X.2023/16-3/14

JEL Classification: G30, M40, M48

Keywords: CSR reporting, gender diversity, corporate governance, banking industry, post-communist economies, sustainability