Board diversity and quality of CSR disclosure: evidence from Pakistan

Khan, Imran; Khan, Ismail; Şentürk, İsmail

doi:10.1108/cg-12-2018-0371

Cited by 84 publications

(147 citation statements)

References 79 publications

(145 reference statements)

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“…Board diversity is the main strategic resource concerning CSR disclosure (Hassan et al, 2020;Khan et al, 2019b) and improves firms' competitiveness (Katmon et al, 2019). Many theoreticians contend that board diversity leads to a stakeholder orientation, involving ethical practices and socially responsible behavior to reduce unexpected consequences (Adams & Ferreira, 2009;Carter, D'Souza, Simkins, & Simpson, 2010).…”

Section: Literature Reviewmentioning

confidence: 99%

“…We also control for board independence and board meetings (Nour et al, 2020). Concerning audit committee characteristics, we include audit committee size (Khan et al, 2013), audit committee meetings (Khan et al, 2019b), and audit committee independence (Katmon et al, 2019). Khan et al (2013) found that a large audit committee would be able to improve the CSR disclosure as it played a major role in monitoring the firm's management.…”

Section: Control Variablesmentioning

confidence: 99%

“…The results of the Hausman test suggested the application of the REM. Prior studies have also used the REM for examining panel data on board diversity (Chang et al, 2017;Khan et al, 2019b). Unlike the REM, which can be generalized to the whole population of the study (i.e.…”

Section: Empirical Modelmentioning

confidence: 99%

“…Age diversity improves firm innovativeness and creativeness, thereby improving the firm's competitive advantages and thus QCSR disclosure. Furthermore, age diversity, which has a negative relationship with CSR disclosure in the nonfinancial sector (Hassan et al, 2020;Khan et al, 2019b;Post, Rahman, & Rubow, 2011), is positively significant in the financial sector. This is due to the differences between the financial sector and the non-financial sector (Katmon et al, 2019), characterized by the difference in institutional settings, with high regulatory intervention and tighter governance in the corporate environment of the former (Haniffa & Cook, 2005;Said, Zainuddin, & Haron, 2009).…”

Section: Panel Data Random Effects Regression Analysesmentioning

confidence: 99%

“…Researchers strongly believe that firms should not be judged just on their economic success but also on their contribution to society as a whole (Wellalage, Locke, & Acharya, 2018). Firms disclose CSR information to be more transparent and accountable (Barroso, Villegas, & Perez-Calero, 2011), and achieve a competitive edge in the global business environment (Khan, Khan, & Senturk, 2019b). Moreover, it enhances a firm's reputation (Axjonow, Ernstberger, & Pott, 2018), corporate legitimacy (Azim, 2016), and regulation compliance (Chuang & Huang, 2016), and it improves corporate financial performance (Platonova, Asutay, Dixon, & Mohammad, 2018).…”

Section: Introductionmentioning

confidence: 99%

See 4 more Smart Citations

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

Khan

Afridi

2021

RBGN

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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 resource-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 moments (GMM).] Findings -The findings indicate that age, gender, educational level, and educational background diversities positively influence QCSR disclosure. However, nationality, 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 jurisdictions and institutional contexts.

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Section: Literature Reviewmentioning

confidence: 99%

Section: Control Variablesmentioning

confidence: 99%

Section: Empirical Modelmentioning

confidence: 99%

Section: Panel Data Random Effects Regression Analysesmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

See 3 more Smart Citations

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

Khan

Afridi

2021

RBGN

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The influence of top management team diversity on Sustainable Development Goals (SDG) reporting: Evidence from Sri Lanka

2023

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Motivated by the limited attention given to the impact of top management teams on Sustainable Development Goals (SDGs), this study sets out to identify the extent to which companies engage in SDG reporting and assess the impact of top management team diversity on SDG reporting based on the upper echelons theory. The data were collected by analyzing the sustainability reports of the listed entities over a three‐year period and conducting semistructured interviews. Findings show that the average disclosures related to SDGs are still at a deficient level and that top management team diversity does not have an impact on SDG reporting in Sri Lankan companies. The qualitative evidence shows that the existing corporate sustainability strategies have been aligned with SDGs, rather than being reformulated or designed to integrate with the SDG targets. Hence, in Sri Lanka, SDG reporting is limited by the superficial attention given to them in corporate strategies. This is a pioneering study that investigates the relationship between top management team diversity and SDG reporting using an explanatory sequential approach.

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Board structure, financial performance, corporate social responsibility performance, CSR committee, and CEO duality: Disentangling the connection in healthcare

Uyar

Kuzey

Kılıç

et al. 2021

Corp Soc Responsibility Env

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Despite the growing importance of responsible behavior in the healthcare sector, research on corporate social responsibility (CSR) in association with board structure is scarce. Hence, the objective of this study is twofold: (1) to test whether a board structure is associated with firm financial and CSR performance and (2) whether the CSR committee and CEO duality moderates this association in the healthcare sector.Examining the moderation of CSR committee is important to understand whether CSR committee strengthens or weakens the link between female directors and CSR performance. Moreover, CEO duality's moderation will highlight whether powerful CEOs are a barrier for female directors' monitoring role. The data for the study was derived from the Thomson Reuters Eikon database for the years between 2011-2018. Overall, the results suggest that while female directors contribute to firm performance, CEOs with dual roles and larger boards harm firm performance. Further, independent directors have a limited contribution to CSR performance whereas they have no contribution to financial performance. Moderation analysis shows that CSR committees and female directors are not the replacement of one another; they are both needed and beneficial to the corporate structure. Although CEOs with a dual role impair the performance of a firm, they do not exert considerable influence on the other directors. As one of the important functions of a board is monitoring, these findings assist healthcare firms to configure their boards to improve their monitoring functions. The results are therefore helpful in terms of alleviating agency costs and in appeasing stakeholders.

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Board diversity and quality of CSR disclosure: evidence from Pakistan

Cited by 84 publications

References 79 publications

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

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

The influence of top management team diversity on Sustainable Development Goals (SDG) reporting: Evidence from Sri Lanka

Board structure, financial performance, corporate social responsibility performance, CSR committee, and CEO duality: Disentangling the connection in healthcare

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