Author(s)

Yulu Ouyang, Yurou Zhang and Xuejia Xue

Corresponding Author

Xuejia Xue

ABSTRACT

This study attempts to examine the impact of the company's board cultural diversity in different risk periods on the company's ESG performance. To test our objectives, we collected data on 4,070 listed companies in China from June 2019 to December 2020. According to the progress of COVID-19, we divided the period into high-risk, medium-risk, and low-risk periods. The final result shows that members of the board of directors with an overseas cultural background can improve its ESG performance. Besides, compared to high-risk and medium-risk periods, cultural diversity can improve its ESG performance in low-risk periods.

KEYWORDS

Score, Cultural Diversity, COVID-19