The More Diverse, the Better? Exploring the Moderating Role of Hospitality Top Management Team Diversity on CSR-FP Link

Keywords

Cognitive diversity, CSR; Demographic diversity; Firm performance; TMT diversity

Abstract

While top executives make strategic decisions for corporate social responsibility (CSR), the composition of top management team (TMT) in the relationship between CSR and FP has yet to be explored in the hospitality literature. Building on the upper echelons, human capital, and stakeholder theories, this study focuses on the moderating role of four TMT diversity types, gender, age, industry experience, and tenure, in the CSR-FP relationship. This study found that diversity in TMT age and industry experience positively moderate the CSR-FP relationship, while tenure diversity negatively moderates such relationship and gender diversity is not a significant moderator. This study sheds light on the benefit of a more diverse hospitality firm TMT in terms of CSR, which extends the theoretical discussion about the effect of CSR on FP. Hospitality industry practitioners and relevant stakeholders can be illuminated by the advantages of a more diverse TMT that can efficiently utilize CSR to contribute to FP.

Publication Date

1-1-2024

Original Citation

Song, H. J., Yeon, J., & Lin, M. S. (2024). The more diverse, the better? Exploring the moderating role of hospitality top management team diversity on CSR-FP link. International Journal of Hospitality Management, 117, N.PAG. https://doi.org/10.1016/j.ijhm.2023.103650.

Document Type

Paper

Language

English

Source Title

International Journal of Hospitality Management

Volume

117

College

Rosen College of Hospitality Management

Location

Rosen College of Hospitality Management

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