M.A. Thesis:

The Moderating role of Family Ownership in Board Gender Diversity and Corporate Social Performance

Abstract The theory of legitimacy states that there is a social contract between companies and the society in which they operate. Therefore, corporate social responsibility is expected to affect financial performance. The main purpose of this study was to determine the moderating effect of family ownership on gender diversity in board and social performance of the company. The research was conducted for a 5-year period from 93 to 97 for a sample of 154 companies in Tehran Stock Exchange. In this study, financial leverage and company size were also used as control variables. Sample data of the companies studied were analyzed by Excel using software and analyzed by Aviv software. The results showed that there is a negative relationship between gender diversity in the board and social performance and this relationship is also significant. Regarding the negative relationship between gender diversity and social performance, it should be stated that based on specific characteristics of women who are conservative and cautious Associated, so they may underestimate social costs that do not have short-term economic benefits, and generally conservatives tend to underestimate long-term benefits. Family ownership also moderates the relationship between gender diversity in management and social functioning, and the relationship is positive and significant.

Keywords: Keywords: Family Ownership - Gender Diversity in the Board - Corporate Social Performance