Detail Cantuman

Abstract Debates around sound corporate governance
propose board diversity as a key attribute to sufficiently
challenge executive management for stakeholder engagement.
This study contributes to this debate by empirically
investigating the effect of board diversity on corporate
social disclosure (CSD) of Vietnamese listed firms. The
study finds a significantly positive effect of diversity-inboards
(dissimilarities among directors within a board, i.e.,
demographic attributes of board members) on CSD while
diversity-of-boards (dissimilarities among firm boards, i.e.,
board structure) has no effect on CSD. The results contribute
by showing that a single theoretical approach can
provide an adequate explanation for board diversity. The
study contributes methodologically by demonstrating the
design and measurement of board diversity indices, and a
three-dimensional stakeholder-relevant CSD index. The
findings benefit regulators and corporate executives in
better understanding firms’ CSD practices and stakeholders’
expectations.
Keywords Board of directors  Corporate social
disclosure  Diversity  Diversity-in-boards  Diversity-ofboards
 Vietnam