Does Board Diversity Matter for the Quality of CSR Disclosure? Evidence from the Financial Sector of Pakistan

Purpose  – This  study aims to examine the influence of board diversity on the quality of CSR disclosure (QCSR) and propose that this relationship is patterned differently in different contexts and nations, due to their distinctive characteristics. Design/methodology/approach  – The   r esource-based view (RBV) theory is used  to evaluate the hypothesized relationship through  an empirical investigation of 64 Pakistani financial firms , by  applying  a  random-effects regression and  the  generalized method of moment s  (GMM). ] Findings  – The findings indicate that age, gender, educational level, and educational background diversities positively influence QCSR disclosure. However, nation ality , ethnic, and tenure diversities have no significant relationship with QCSR disclosure. The results were further checked by  a  robust regression and sensitivity analysis . Originality/value  – Using RBV theory, this paper provides an additional contribution concerning the role played by board diversity  in a firm's strategic performance, particularly CSR disclosure.  The article contributes to the literature  by finding  that there is no unanimous  rule  for  board diversity  supporting CSR , due to the unique characteristics of different jurisdiction s  and institutional context s.