Board structure and environmental, social, and governance disclosure in Latin America

Husted, Bryan W.; Filho, José Milton de Sousa

doi:10.1016/j.jbusres.2018.01.017

Cited by 378 publications

(389 citation statements)

References 54 publications

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“…Specifically, female members of the board would represent stakeholders of the same gender [60]. However, considering the context of our study, Chinese firms are in a collectivist culture [82] that might want both male and female members of the board to represent their firm (in-group) rather than external stakeholders (out-group) [62]. Therefore, CSR performance might not be related to gender characteristics but rather to specialties such as political, academic, or overseas background.…”

Section: Discussion Implications and Conclusionmentioning

confidence: 99%

“…Moreover, the existing literature has found that demographic differences, such as the gender of the CEO, provide effective monitoring [61,62]. However, studies on the relationship between gender diversity among the board members and the firm's financial outcomes have produced mixed results [59,63].…”

Section: Gender Diversity Of the Boardmentioning

confidence: 99%

“…Additionally, the number of independent directors has been included in many related studies [77][78][79][80]. Independent directors are more likely to highlight the importance of CSR concerns [62]. We also control the industry of the firm samples based on the three-digit industry code used by China Securities Regulatory Commission (CSRC) as the industry has been recognized as a significant factor influencing the firms' CSR performance [24].…”

Section: Measurementmentioning

confidence: 99%

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Board Composition and Corporate Social Responsibility Performance: Evidence from Chinese Public Firms

2018

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This study investigates the relationship between board composition and corporate social responsibility (CSR) performance. Specifically, we examine the impact of board composition (aspects like political experience, academic experience, overseas background, and gender diversity) on CSR performance. We test our hypotheses using data collected from 839 Chinese public firms during the period from 2008 to 2016. Applying generalized least squares regression, the study shows that the political experience, academic experience, and overseas background of the board members are positively related to the firm's CSR performance. Moreover, we discuss the distinctive relationship between gender diversity and CSR performance in the context of Chinese culture. We extend the CSR literature by examining unique aspects of board composition in the Chinese context and offer fruitful implications for both scholars and practitioners.

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Section: Discussion Implications and Conclusionmentioning

confidence: 99%

Section: Gender Diversity Of the Boardmentioning

confidence: 99%

Section: Measurementmentioning

confidence: 99%

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Board Composition and Corporate Social Responsibility Performance: Evidence from Chinese Public Firms

2018

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“…In this line, researchers have recently examined the association between female directors and CSR‐related disclosures by using a number of theoretical frameworks. Specifically, agency theory and stakeholder theory have been widely used to explain the above relationship (Arayssi et al, ; Bear, Rahman, & Post, ; Galbreath, ; Helfaya & Moussa, ; Husted & De Sousa‐Filho, ; Liao, Luo, & Tang, ; Rao & Tilt, ). Consistent with these theoretical approaches, in this paper, we posit that female AC members, in particular, may improve ESG disclosure practices.…”

Section: Theoretical Framework and Hypothesis Developmentmentioning

confidence: 99%

“…In particular, women are likely to better oversee ESG reporting practices for several reasons. On the one hand, female directors bring specific beliefs and values, drawing higher levels of attention to social and environmental issues, and in AC meetings, women are expected to supervise ESG disclosures better (Galbreath, ; Husted & De Sousa‐Filho, ). The literature also highlights that female directors stimulate more participative communication among board members, thus increasing the AC's ability to discuss and monitor ESG issues (Bear et al, ).…”

Section: Theoretical Framework and Hypothesis Developmentmentioning

confidence: 99%

Sustainable development disclosure: Environmental, social, and governance reporting and gender diversity in the audit committee

2018

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Strategic orientation, risk‐taking, corporate life cycle and environmental, social and governance (ESG) practices: Evidence from ASEAN countries

et al. 2023

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Environmental, social, and governance (ESG) considerations have become increasingly important in the business world. Companies are expected to operate responsibly and sustainably, and stakeholders are demanding greater transparency and accountability. Our research aims to examine the influence of determinants on ESG practices in ASEAN countries (Indonesia, Malaysia, Singapore, the Philippines, Thailand, and Vietnam), as measured by ESG performance on the Refinitiv Eikon. Although there have been many studies discussing ESG, only a few have discussed this relationship by involving strategic orientation, risk taking and corporate life cycle simultaneously. We use panel regression based on a sample of 2373 observations from 2004 to 2022. The results show that the prospector strategy orientation encourages a greater increase in ESG practices compared to the defender strategy orientation, which means that companies with a prospector orientation are more willing to practice ESG because they have strategic resources. The increasing risk‐taking by companies will reduce ESG practices. The more mature the company's life cycle stage will improve ESG practices. This brings implications that the strategy orientation chosen by the company, risk‐taking, and corporate life cycle are the determining factors for companies implementing ESG practices in ASEAN countries. This research contributes to the literature related to corporate sustainability by considering ESG as one of the measurements of sustainability which is currently the main investment trend being observed in financial markets, especially ASEAN countries which are the best areas to invest.

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Board structure and environmental, social, and governance disclosure in Latin America

Cited by 378 publications

References 54 publications

Board Composition and Corporate Social Responsibility Performance: Evidence from Chinese Public Firms

Board Composition and Corporate Social Responsibility Performance: Evidence from Chinese Public Firms

Sustainable development disclosure: Environmental, social, and governance reporting and gender diversity in the audit committee

Strategic orientation, risk‐taking, corporate life cycle and environmental, social and governance (ESG) practices: Evidence from ASEAN countries

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