Influence of Corporate Governance on the Extent of Corporate Social Responsibility and Environmental Reporting

Benomran, Naser Abdusalam; Haat, Mohd Hassan Che; Hashim, Hafiza Binti; Mohamad, Nor Raihan

doi:10.5296/jee.v6i1.7442

Cited by 12 publications

(8 citation statements)

References 41 publications

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“…Hanniffa and Cook [14], Nurhayati et al [130], Walls et al [18] and Ortiz-de-Mandojana et al [130] all found that the presence of non-executive and independent directors on company boards has a negative influence on CSP. In addition, Rodríguez-Ariza et al [135], Benomran et al [85] and Walls et al [19,144] found no significant association between board independence and CSP.…”

Section: Linking Board Independence and Corporate Social Performancementioning

confidence: 99%

Firms’ Board Independence and Corporate Social Performance: A Meta-Analysis

Ortas

Álvarez

Zubeltzu³

2017

Sustainability

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This paper investigates the influence of organizations' board independence on corporate social performance (CSP) using a meta-analytic approach. A sample of 87 published papers is used to identify a set of underlying moderating effects in that relationship. Specifically, differences in the system of corporate governance, CSP measurement models and market conditions have been considered as moderating variables. The results show that the independence of a company's board positively influences CSP. This is because companies with more independent directors in their boards are more likely to commit to stakeholder engagement, environmental preservation and community well-being. Interestingly, the results also show that the positive connection between board independence and CSP is stronger in civil law countries and when CSP is measured by self-reporting data. Finally, the strength of the influence of the independence of a firm's board on CSP varies significantly in different market conditions. The paper concludes by presenting the main implications for academics, practitioners and policy makers.

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Section: Linking Board Independence and Corporate Social Performancementioning

confidence: 99%

Firms’ Board Independence and Corporate Social Performance: A Meta-Analysis

Ortas

Álvarez

Zubeltzu³

2017

Sustainability

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“…Further and notwithstanding the lack of evidence relating to the governance-CSRD nexus, to the best of our knowledge, there is only one research that has examined whether governance structure can affect CSRD. Benomran et al (2015) examined the effect of corporate governance on the CSR and environmental reporting levels in Libyan companies using mixed methods. However, the paper is somewhat limited.…”

Section: Introductionmentioning

confidence: 99%

“…First, the sample of Benomran et al (2015) contains financial (38 per cent) and non-financial firms, which may mislead the quantitative results due to the nature of financial firms. Second, although Benomran et al (2015) partially examined the oil sector, their sample is limited; their sample only contains 12 companies (45 per cent of total observations). We have extended the sample to include all oil and gas firms with a total of 112 observations in a relatively more recent period.…”

Section: Introductionmentioning

confidence: 99%

“…First, the sample of Benomran et al (2015) contains financial (38%) and non-financial firms, which may mislead the quantitative results due to the nature of financial firms. Second, although Benomran et al (2015) partially examined the oil sector, their sample is limited; their sample only contains 12 companies (45% of total observations). We have extended the sample to include all oil and gas firms with a total of 112 observations in a relatively more recent period.…”

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confidence: 99%

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Ownership types, corporate governance and corporate social responsibility disclosures

Alshbili

Elamer

Beddewela

2019

ARJ

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Purpose This study aims to examine the extent to which corporate governance structures and ownership types are associated with the level of corporate social responsibility disclosures (CSRD) in a developing country. Design/methodology/approach Multiple regression techniques are used to estimate the effect of corporate governance structures and ownership types on CSRD using a sample of Libyan oil and gas companies between 2009 and 2013. Findings First, the study results suggest that although the level of CSRD in Libya is low in comparison to its western counterparts, ownership factors have a significant positive influence on CSRD. Second, the authors find board meetings to have a positive impact on CSRD. However, the authors fail to find any significant effect of board size and presence of corporate social responsibility (CSR) committees on CSRD. Overall, the results support prior theoretical evidence that pressures exerted by the government and external stakeholders have a considerable influence in promoting firm-level CSRD activities, specifically as a legitimising mechanism in fragile states. Research limitations/implications First, this study is based on the annual reports, and it did not examine any other reports or other mass communication mechanism that companies’ management may use to disclose CSR information. Future studies might consider disclosures in other channels, if any, such as the internet, CSR reports, etc. Additionally, this study adopts the neo-institutional theory perspective. Future studies might integrate multi-theoretical lenses to offer a richer basis for understanding and explaining CSRD determinants. Originality/value This study contributes to the literature by first providing additional evidence for existing studies, which suggest that on average, better-governed companies are more liable to follow a more socially responsible agenda than poorly governed companies as a legitimising mechanism in fragile states. Also, this study overcomes a major weakness in existing Libyan studies, which have mainly used descriptive data.

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“…Therefore, having many persons sit on the board with various experience and qualifications may enhance their legitimacy. Past studies have demonstrated a strong association between sustainability or environmental practices and board size [31,[52][53][54]. Benomran, et al [52], who studied the effect of board size on corporate social and environmental disclosure in Libya, revealed the positive and significant linkage between the two.…”

Section: Hypothesis 2 (H2mentioning

confidence: 97%

Firm and Board Characteristics, and E-Waste Disclosure: A Study in the Era of Digitalisation

et al. 2021

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Business sectors face the advent of digitalisation, bringing attention to e-waste, or waste generated from obsolete electrical and electronic appliances. In addressing this issue, the study intends to examine e-waste disclosure by Bursa Malaysia listed firms. Specifically, this study investigates the extent and quality of e-waste disclosure, observes whether the reporting differs between industries and the boards on which the firms are listed, and investigates if e-waste disclosure is associated with firm and board characteristics. A total of 92 firms in the telecommunication and technology industries, listed on the Main and Ace boards of Bursa Malaysia, were selected as samples. The results reveal that despite an indication that e-waste reporting applies to the two sectors, only 16% of the firms report their commitment to managing e-waste. The disclosure shows how e-waste reporting is low in quantity and is circulated with only very general, qualitative information. An independent sample t-test reveals that firms listed on the Main board report significantly more e-waste information than their counterparts. Another t-test indicates an insignificant difference in e-waste disclosure between the firms under study. Furthermore, firm size significantly impacts e-waste disclosure, while firm performance, board size, and board gender diversity show insignificant impact. The results of this preliminary study shed some light on business firms’ commitment towards their e-waste management and reporting, which is a substantial factor for Malaysia to achieve environmental sustainability.

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Influence of Corporate Governance on the Extent of Corporate Social Responsibility and Environmental Reporting

Cited by 12 publications

References 41 publications

Firms’ Board Independence and Corporate Social Performance: A Meta-Analysis

Firms’ Board Independence and Corporate Social Performance: A Meta-Analysis

Ownership types, corporate governance and corporate social responsibility disclosures

Firm and Board Characteristics, and E-Waste Disclosure: A Study in the Era of Digitalisation

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