Corporate governance and CSR disclosure: evidence from European financial institutions

Fatma, Hanen Ben; Chouaibi, Jamel

doi:10.1057/s41310-021-00117-1

Cited by 29 publications

(50 citation statements)

References 101 publications

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“…Our results are in line with those reported by the stream majority of prior studies (Salhi et al, 2019;Velte, 2019;Alipour et al, 2019;Gerged, 2021;Dwekat et al, 2020;Bhuiyan et al, 2021;Nyugen et al, 2021;Ben Fatma and Chouaibi, 2021;Shahbaz et al, 2020;Al-Mamun and Seamer, 2020;Endrikat et al, 2020). They found that outside directors might be more likely to foster CSR, because they tend to pursue longer time horizons and thus are more likely to see the potential long-term benefits of investing in socially responsible activities (Fatma and Chouaibi, 2021;Shahbaz et al, 2020;Al-Mamun and Seamer, 2020). The greater diversity in skills, experience and stakeholder representation, which is often related to independent boards, can help in addressing the conflicting interests of stakeholders (Khaireddine et al, 2020).…”

Section: Corporate Social Responsibilitysupporting

confidence: 92%

“…Similarly, Campanella et al (2021) and Tibiletti et al (2021) reported a negative relationship between CEO-chair duality and CSR; contrarily, Gerged (2021) indicated that CEO duality contribute positively to CSR, and they argued that powerful CEOs tend to use CSR as a tool to improve their image and to be more successful. However, other authors (Khaireddine et al, 2020;Fatma and Chouaibi, 2021) did not find a significant relationship. Regarding board independence, the stream majority of the prior studies found that the existence of independent board members positively affects CSR engagement (Shahbaz et al, 2020;Al-Mamun and Seamer, 2020;Salhi et al, 2019;Bhuiyan et al, 2021).…”

Section: Introductionmentioning

confidence: 74%

“…Several empirical studies have shown an increased interest in analyzing the relationship between board attributes and CSR policies (Gerged, 2021;Karim et al, 2019;Zubeltzu-Jaka et al, 2020;Khan et al, 2021;El-Bassiouny et al, 2020;Nwude and Nwude, 2021;Al Fadli, 2020;Fatma and Chouaibi, 2021;Chintrakarn et al, 2021;Govindan et al, 2021;Beji and al., 2020;Nuber and Velte, 2021;Ardito et al, 2020;Yarram and Adapa, 2021;Barnea and Rubin, 2010;De Villiers et al, 2011;Campanella et al, 2021). However, these studies yielded inconsistent findings (Dwekat et al, 2020;Endrikat et al, 2020).…”

Section: Introductionmentioning

confidence: 99%

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Does financial performance moderate the relationship between board attributes and corporate social responsibility in French firms?

Dakhli¹

2021

JGR

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Purpose The purpose of this paper is to study how board attributes impact corporate social responsibility (CSR). In particular, this paper aims to empirically examine the impact of financial performance on the relationship between board attributes and CSR. Board attributes such as board size, board independence, female board representation and CEO-chair duality are included. Design/methodology/approach This study uses panel data set of 200 French companies listed during 2007–2018 period. The direct and moderating effects were tested by using multiple regression technique. Findings The results indicate that significant direct relationships exist among board attributes and CSR. Board independence and female board representation are positively linked with CSR. However, board size and CEO duality are negatively associated with CSR. Findings show, also, that corporate financial performance accentuates significantly the effect of board size, board independence and CEO-duality on CSR, but does not moderate the relationship between female board representation and CSR. Practical implications The findings may be of interest to different stakeholders and policy-makers and regulatory bodies interested in enhancing CG initiatives to strengthen corporate social responsibility because it suggests thinking about implementing a broadly accepted framework of good CG practices to meet the demand for greater transparency and accountability. As an extension to this research, further study can examine the impact of ownership structure and audit quality on CSR issues. Originality/value This study extends the dynamic relationship between CG mechanisms and CSR by offering new evidence on how corporate financial moderates this relationship.

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Section: Corporate Social Responsibilitysupporting

confidence: 92%

Section: Introductionmentioning

confidence: 74%

Section: Introductionmentioning

confidence: 99%

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Does financial performance moderate the relationship between board attributes and corporate social responsibility in French firms?

Dakhli¹

2021

JGR

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“…By contrast, CEO duality is found to affect CSRD negatively by Al-Janadi et al (2013) and Tibiletti et al (2021). On the other hand, Fatma and Chouaibi (2021) assert that CEO duality has no impact on CSRD practices.…”

Section: The Literature On Corporate Governance and Corporate Social ...mentioning

confidence: 93%

“…As regard corporate governance mechanisms, CSRD appears to be positively correlated with both board size and board independence (Kaymak and Bektas, 2017; Cucari et al , 2018; Jizi et al , 2014; Fatma and Chouaibi, 2021; Fahad and Rahman, 2020; Ahmed Haji, 2013; Haniffa and Cooke, 2005; Khan et al , 2013). However, other studies found inconsistent results, indicating a negative relationship between those variables and CSRD (Alotaibi and Hussainey, 2016; Liu and Zhang, 2017; Tibiletti et al , 2021; Esa and Ghazali, 2012).…”

Section: The Literature On Corporate Governance and Corporate Social ...mentioning

confidence: 99%

Corporate governance and the quality of CSR disclosure: lessons from an emerging economy

Ananzeh

2022

SBR

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Purpose This paper is motivated by the absence of rules that govern the practice of corporate social responsibility disclosure (CSRD). The purpose of this paper is to investigate the corporate governance factors that impact the quality of CSRD. This study further examines the moderating role of family ownership and educational qualifications of female directors on the relation between board gender diversity and CSRD quality. Design/methodology/approach This study adopts a sample of 94 non-financial companies listed on the Amman Stock Exchange to collect data on CSRD based on a checklist of 41 items for seven years from 2010–2016. The quality of CSRD is measured using a four-dimensional method that encompasses relative quantity, disclosure intensity, degree of accuracy and management outlook. Findings This study finds that CSRD quality is far from satisfactory in Jordan. The results also suggest that board size, auditor type, company size and profitability are positively associated with CSRD quality. On the other hand, factors such as chief executive officer duality, board diversity, ownership concentration and financial leverage are negatively associated with CSRD quality. In addition, the results of the empirical analysis suggest that the negative relationship between the quality of CSRD and the presence of female board members is stronger for family-owned companies. By contrast, the negative relationship between the quality of CSRD and the presence of female board members is weakened when the company has more educated, skilled and qualified female directors. Originality/value The originality of this study is manifested in the development of a quantitative measurement of CSRD quality.

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Nexus of environmental, social, and governance performance in China‐listed companies: Disclosure and green bond issuance

Wang,

Chen,

Ali

et al. 2023

Bus Strat Env

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This study establishes a connection between existing literature on corporate environmental, social, and governance (ESG) matters, information disclosure, and green bonds by employing the issuance of green bonds to indicate investors' acknowledgment of a company's sustainable activities. Prior research has not adequately addressed the relationship between ESG performance, disclosure, and green bond issuance. A novel dataset has been compiled by merging ESG performance and information disclosure data of Chinese‐listed companies spanning from 2016 to 2020, alongside green bond issuance information from the Wind and Hexun databases. Concurrently, China's pursuit of carbon neutrality necessitates the establishment of a green, low‐carbon, and circular economy framework. ESG has surfaced as an indispensable instrument for appraising a company's sustainability and advocating the enhancement of its information disclosure systems, thereby aiding investors in forming well‐informed judgments. This study scrutinizes the correlation between each facet of ESG performance, disclosure, and green bond issuance, from the perspective of companies listed in emerging markets. The findings corroborate that companies exhibiting commendable ESG practices are more predisposed to issuing green bonds, particularly when such practices are suitably disclosed. The identified evidence will spur the enforcement of obligatory ESG disclosure regulations, further propelling China's advancement in ecological civilization and green finance.

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Corporate governance and CSR disclosure: evidence from European financial institutions

Cited by 29 publications

References 101 publications

Does financial performance moderate the relationship between board attributes and corporate social responsibility in French firms?

Does financial performance moderate the relationship between board attributes and corporate social responsibility in French firms?

Corporate governance and the quality of CSR disclosure: lessons from an emerging economy

Nexus of environmental, social, and governance performance in China‐listed companies: Disclosure and green bond issuance

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