Does corporate governance matter in corporate social responsibility disclosure? Evidence from Italy in the “era of sustainability”

Tibiletti, Veronica; Marchini, Pier Luigi; Furlotti, Katia; Medioli, Alice

doi:10.1002/csr.2097

Cited by 93 publications

(131 citation statements)

References 114 publications

(160 reference statements)

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“…Several empirical studies investigating the extent and quality of CSR disclosure have been conducted in several countries such as: Malaysia (Haniffa and Cooke, 2005; Said et al , 2009; Rahman et al , 2011); Australia (Cuganesan et al , 2010); Germany (Gamerschlag et al , 2011); Portugal (Branco and Rodrigues, 2008; Siregar and Bachtiar, 2010); Spain (Reverte, 2009); Greece (Giannarakis, 2014); China (Patten et al , 2015); India (Kansal et al , 2014); France (Chauvey et al , 2015) and Italy (Mio et al , 2015; Tibilietti et al , 2020). Studies examining CSR disclosure practices across different geographical contexts also emerged (Gray and Milne, 2015; Yu et al , 2017; Russo-Spena et al , 2018).…”

Section: Literature Reviewmentioning

confidence: 99%

Exploring Corporate Social Responsibility in the Italian wine sector through websites

Esposito

Sessa

Sica

et al. 2021

TQM

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PurposeThis paper aims to explore how the Italian wine industry discloses corporate social responsibility (CSR) practices and quality certifications and the corresponding determinants via websites. The study also aims to investigate the relationship between CSR practices and financial performance. The information consistency between the quality certificates reported on corporate websites and official database statements is also explored. Lastly, the paper investigates how the relationship between the size of wineries and CSR disclosure changes according to firms' geographic location.Design/methodology/approachThis paper analyses CSR corporate communication via the websites of a sample of Italian wineries by adjusting the theoretical framework developed by Amran (2012) to the wine sector's peculiarities. Moreover, a cross-certification analysis and a moderation analysis were performed to fulfil the purpose of the research.FindingsThe analysis revealed the extensive use of CSR disclosure via websites. It was found that company size positively affects CSR disclosure and Quality Certification Disclosure (QCD), while geographic location slightly moderates the relationship between the two variables. In addition, a negative relationship between CSR disclosure and corporate financial performance and its reverse causality emerged. Moreover, for most wineries, information consistency between the quality certificates reported on corporate websites and official database statements was observed.Research limitations/implicationsThe study's main limitation is that the search process was performed during lockdown. Therefore, the examined issues could change in the near future due to the shift in priorities that the COVID-19 pandemic is determining.Practical implicationsThe results can help managers implement CSR disclosure and QCD practices to enhance stakeholder legitimacy and enable their companies to compete in strongly competitive international markets.Originality/valueThe paper represents the first study investigating online QCD and its consistency in the Italian wine sector.

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Section: Literature Reviewmentioning

confidence: 99%

Exploring Corporate Social Responsibility in the Italian wine sector through websites

Esposito

Sessa

Sica

et al. 2021

TQM

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“…Board size is believed to be one of the most widely studied board characteristics for several reasons (Tibiletti et al, 2021). First, the number of directors can affect the functioning of the board and, consequently, the corporate performance (Biswas et al, 2018).…”

Section: Theoretical Framework Literature Review and Hypothesis Developmentmentioning

confidence: 99%

“…The way a company governs affects many areas of the enterprise and in general affects how it fares in a toughly competitive environment (Manning et al, 2019). Corporate social responsibility in general and sustainability reporting, in particular are the areas that are addressed and decided upon by the board of directors (Tibiletti et al, 2021). Thus, the bonds between governance structure and corporate social responsibility are of paramount importance in terms of determining the strategic progression of the firm (Andreu-Pinillos et al In the latest years, more and more studies appeared concentrating on various aspects of the composition of boards of directors aiming to ascertain the determinants of efficacy for sound business management (Miglani et al, 2020).…”

Section: Introductionmentioning

confidence: 99%

Do sustainability reporting conduct and corporate governance attributes relate? Empirical evidence from China

Pasko

Zhang²,

Tuzhyk

et al. 2021

Problems and Perspectives in Management

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Adopting agency and stakeholders theories, this study aims to investigate the relationship between corporate governance attributes (board size, board independence, female directors, and CEO duality) and sustainability reporting conduct in China. The empirical analysis is based on a sample of 10,330 firm-year observations of Chinese listed companies over the period from 2015 to 2018. Data are supplied by WIND and CSMAR databases, whilst regression analysis is applied to test the hypotheses. Results indicate that board size and board independence were found to be positively associated with the sustainability reporting conduct, while female directors and CEO duality both do not have a significant effect on sustainability reporting conduct in the Chinese institutional settings. This paper advances on arguments of the agency and stakeholders theories with these findings. The larger and more independent board facilitates better monitoring of the managers, what leads to decision-making based on a more appreciation of stakeholders’ perspectives. The study is premised on the presence/absence of sustainability reporting, and it does not take into consideration the quality aspect, which can result in erroneous interpretation. The results should not be generalized as the sample was based on China’s companies for 2015–2018. This study has policy implications for managers and policymakers alike concerning designing board composition conducive to sustainability reporting conduct.

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“…It represents the responsibility that companies commit to practice for the welfare of the society they affect and depend on (Rangan et al, 2015 ). The motivation for actions in this area is the responsibility of companies, their owners, and investors (Brotons & Sansalvador, 2020 ), towards society and the environment (Tibiletti et al, 2021 ). However, the economic aspect cannot be excluded from companies' incentives.…”

Section: The Area Of Corporate Social Responsibility Activitiesmentioning

confidence: 99%

Changes in the demand for CSR activities and stakeholder engagement based on research conducted among public relations specialists in Poland, with consideration of the SARS‐COV‐2 pandemic

Tworzydło

Gawroński

Opolska-Bielańska

et al. 2021

Corp Soc Responsibility Env

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Care for the external and internal environment of the company, ethics and human resources, as well as the organizational culture, is a crucial element for the importance and competitive advantage of the company. It was especially noticeable during the SARS‐COV‐2 pandemic. Companies began to grapple with difficulties, which contributed to an increased interest in crisis management competencies. The pandemic has permanently changed the functioning of society and the image of many industries, including public relations. The analysis of changes in the demand of companies for CSR‐related activities after the pandemic becomes a valuable element of the direction of innovative research. Recognizing the interest, these aspects of the company were verified. The article uses data obtained in the course of the implementation of three independent research projects realized in Poland. The first study concerned crisis management from the perspective of a public relations agencies. The structures of the offer of public relations services (including CSR strategies) were examined. The responses of some public relations specialists regarding CSR and activities in this area after the COVID‐19 pandemic were extracted from the second research project. The last, third project involved specialists employed in PR agencies. The research area covered changes in the demand of companies for CSR‐related activities after the pandemic and the desired areas of training and personal development, with particular emphasis on CSR. The common denominator of all three projects is CSR campaigns and the way they are implemented by PR specialists.

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Does corporate governance matter in corporate social responsibility disclosure? Evidence from Italy in the “era of sustainability”

Cited by 93 publications

References 114 publications

Exploring Corporate Social Responsibility in the Italian wine sector through websites

Exploring Corporate Social Responsibility in the Italian wine sector through websites

Do sustainability reporting conduct and corporate governance attributes relate? Empirical evidence from China

Changes in the demand for CSR activities and stakeholder engagement based on research conducted among public relations specialists in Poland, with consideration of the SARS‐COV‐2 pandemic

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