Previous research documents the importance of board of directors’ characteristics in affecting corporate social responsibility (CSR) performance. We extend this literature by focusing on one attribute of the members of the board of directors, their place of residence and its impact on CSR performance (CSRP), which has not been previously investigated. This dimension is important since there is an increasing trend in nominating directors who live far from corporate headquarters. We rely on stakeholder theory and image motivation to explain this relationship. Using a sample of Canadian firms from 2009 to 2017, we find that geographical diversity among the board of directors has a positive impact on some dimensions of CSR. In addition, our results show that the improvement in CSRP is not value destructive. Our results extend the literature on demographic characteristics of directors and its impact on directors’ decision-making about CSR.

中文翻译：

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董事的地域多样性和企业社会责任

先前的研究记录了董事会特征在影响企业社会责任 (CSR) 绩效方面的重要性。我们通过关注董事会成员的一个属性、他们的居住地及其对企业社会责任绩效（CSRP）的影响来扩展这一文献，这在以前没有被调查过。这个维度很重要，因为越来越多的人提名远离公司总部的董事。我们依靠利益相关者理论和形象动机来解释这种关系。使用 2009 年至 2017 年的加拿大公司样本，我们发现董事会的地域多样性对企业社会责任的某些方面具有积极影响。此外，我们的结果表明，CSRP 的改进不会破坏价值。