Do ownership structures and governance attributes matter for corporate sustainability reporting? An examination in the Indian context

Kumar, Kishore; Kumari, Ranjita; Nandy, Monomita; Sarim, Mohd; Kumar, Rakesh

doi:10.1108/meq-08-2021-0196

Cited by 47 publications

(53 citation statements)

References 73 publications

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“…The diagnostic tests are conducted to assess the validity of the models (Baltagi and Baltagi, 2008; Kumar et al , 2022; Sarim et al , 2019). Therefore, the model is tested for multicollinearity, heteroskedasticity and autocorrelation.…”

Section: Analysis and Discussionmentioning

confidence: 99%

“…The p -value for the equation is insignificant. Therefore, the model is free from the issue of heteroscedasticity (Kumar et al , 2022; Sarim et al , 2019). Finally, the Breusch–Godfrey LM Test for autocorrelation is applied (Sarim, 2021).…”

Section: Analysis and Discussionmentioning

confidence: 99%

“…The p -value for the equation is insignificant. Therefore, it is concluded that the model is free from the problem of serial correlation (Kumar et al , 2022; Sarim et al , 2019).…”

Section: Analysis and Discussionmentioning

confidence: 99%

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FDI, disinvestment and growth: an appraisal of Bhutanese economy

Ansari

Khan

2023

JCEFTS

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Purpose The purpose of this paper is to appraise the influence and challenges of direct disinvestment or through foreign direct investment (FDI) in the Kingdom of Bhutan, particularly to identify the inflow of disinterment post pandemic and how it can be improved. Design/methodology/approach The authors investigated the influence of FDI on Bhutan’s economy by analyzing secondary published data by Asian Development Bank and government agencies of Bhutan. To find out the role FDI has played in the growth of the Bhutanese Economy. Findings The FDI is not playing a major role in the nation’s economy so far. However, its potential cannot be ignored as there is a need for foreign currency and expertise in the country. Furthermore, government policies are directly influencing the inflow of foreign exchange that affects the Bhutan’s economy. FDI has not increased considerably because of self-imposed restrictions blocking government policies. Research limitations/implications This research is based on the data collected from secondary sources, which could be considered as the main limitation of this study. The Himalayan kingdom is not much open to the outside world in terms of the publication and availability of the data. Researchers put their best effort in retrieving secondary data from authentic sources. Practical implications This research has direct implications from an institutional perspective on the government policies and procedures. This study throws light on the elements that might help in improving Bhutan’s economy, employment and productivity for an overall development of economy. Social implications Bhutan and similar countries need to understand the pros and cons of having FDIs. This study might help the government and the civil society to understand the trends FDI has triggered in the nation over last 30 years, and will help them to make appropriate policies and regulations dealing with foreign investments. Originality/value This paper underwrites the influence of disinvestment on Bhutan’s economy, which can revolutionize business, entrepreneurship and institutions. This research was conducted by analyzing secondary data released by authorized agencies, which indicated the lower inflow of foreign exchange and how to improve further.

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Section: Analysis and Discussionmentioning

confidence: 99%

Section: Analysis and Discussionmentioning

confidence: 99%

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FDI, disinvestment and growth: an appraisal of Bhutanese economy

Ansari

Khan

2023

JCEFTS

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“…The other variables were board gender diversity (moderating variable) and corporate sustainability disclosure (dependent variable). Companies that are large in size and with high leverage tend to disclose more information relating to sustainability (Kumar, Kumari, Nandy, Sarim, & Kumar, 2022). As a result, the study controlled firm size and leverage.…”

Section: Methodsmentioning

confidence: 99%

“…Natural logarithm of total assets (Amidjaya & Widagdo, 2019;Dakhli, 2021;Dewi & Wirawati, 2021;Kumar et al, 2022) Leverage (LEV) Ratio of total debt to total assets (Hu et al, 2016;Rustam et al, 2019;Shin & Park, 2020) Source: Researcher (2022)…”

Section: Control Variables Firm Size (Fs)mentioning

confidence: 99%

Ownership Structure and Corporate Sustainability Disclosure in Kenya: Interaction Effect of Board Gender Diversity

Tanui¹

2023

IJFR

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Most firms in this day and age seek to report issues affecting assorted stakeholders. Consequently, sustainability revelation endorses all-inclusive rather than economic performance analysis of the organization. The study sought after the interaction effect of board gender diversity in the relationship between ownership structure and corporate sustainability disclosure of listed companies in Kenya. The theoretical framework was made of legitimacy, triple bottom line and stakeholder theories. Guided by causal research design, 62 listed companies were targeted but 56 were included after inclusion and exclusion criteria. . Secondary data obtained from audited annual reports for the year 2021 was analyzed using SPSS. From the multiple regression analysis, there was a negative but significant effect (β= -.246, .001<.05) of managerial ownership on corporate sustainability disclosure. On the contrary, both institutional and foreign ownership positively but insignificantly affect corporate sustainability disclosure as indicated by (β=.423, .816>.05) and (β=.356, .559>.05) respectively. Furthermore, board gender diversity positively and significantly moderates the relationship between managerial (β=.277, .001<.05) along with institutional ownership (β=.343, .000<.05) and corporate sustainability disclosure. To sum up, sustainability disclosure of the firm is vital for institutional and foreign more than managerial investors. From the findings, board gender diversity enriches sustainability disclosure once interacted with managerial and institutional ownership structure. The management of the listed companies in Kenya are expected to uphold ownership structure by attracting investors, both individuals and institutions. More importantly, the companies are expected to formulate ways of promoting women representation in the board so as to progress the gender diversity concept.

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Nexus between corporate environmental disclosures and gender diversity: Interaction effects of board independence

Arora,

Aliani

2023

Bus Strat Env

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This study examines the impact of gender diversity (GD) in the board of directors on corporate environmental disclosures (ED). It develops an integrative theoretical framework to explore diverse facets of the nexus of GD and ED. Using Indian‐listed firms for a sample period of 2015 to 2021, panel models have been used to validate the theoretical assumptions of the study. The empirical results reveal that women directors improve ED. Moreover, the role of women in driving environmental disclosure becomes evident only after achieving a critical mass of three directors. Our research contributes to the literature using board independence as moderator, for the first time in this context, and it was found that it moderates GD–ED relationship significantly. The findings could be beneficial for policymakers and regulators to recognize how GD is vital to firms to achieve best environmental practices. More initiatives may be deployed to reinforce women's representation in boardrooms for enhancing ED. Our study is one of the foremost studies to examine the impact of board GD on ED based on gender socialization, critical mass, and resource dependency theoretical framework.

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Do ownership structures and governance attributes matter for corporate sustainability reporting? An examination in the Indian context

Cited by 47 publications

References 73 publications

FDI, disinvestment and growth: an appraisal of Bhutanese economy

FDI, disinvestment and growth: an appraisal of Bhutanese economy

Ownership Structure and Corporate Sustainability Disclosure in Kenya: Interaction Effect of Board Gender Diversity

Nexus between corporate environmental disclosures and gender diversity: Interaction effects of board independence

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