Female Leadership, Philanthropy, and Corporate Management: A Study Based on Listed A-Share Companies

This paper investigates the impact of female leadership and their involvement in philanthropic activities on corporate management, utilizing data from listed A-share companies. The study reveals that from 2006 to 2021, the proportion of female leaders in listed companies steadily increased, with particularly significant growth in female supervisory positions. Further analysis shows that companies with female directors and executives tend to have a higher proportion of charitable donations compared to those without female leadership. Moreover, companies with higher charitable donation ratios also exhibit correspondingly higher returns on assets. This finding not only highlights the positive role of female leaders in promoting philanthropy but also provides empirical evidence for the synergy between corporate social responsibility and economic benefits. The study also notes that despite the numerous opportunities for female-led philanthropy, such as policy support, improved market conditions, and heightened awareness of social services, challenges remain, including the relatively low number of female leaders and limited societal recognition. The value of this research lies in emphasizing the potential and importance of female leadership in philanthropy, providing theoretical and practical references for the sustainable development of female-driven philanthropy.