Liability of foreignness and anti-corruption reporting in an emerging market: The case of Turkish listed companies

Branco, Manuel Castelo; Delgado, Catarina; Türker, Duygu

doi:10.1016/j.jclepro.2019.05.367

Cited by 16 publications

(11 citation statements)

References 46 publications

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“…The logit regression results (Table 4) show a positive (0.016) and significant (p = 0.039) relationship between press freedom and the quality of corporate anti-corruption disclosure. This result is in line with Blanc et al [15,36]. Therefore, we accept the hypotheses proposed.…”

Section: Resultssupporting

confidence: 93%

“…Mazzi et al [13], analyzing a sample of European companies, found that the level of compliance with mandatory disclosure requirements is related to the level of corruption, and Xu et al [14] found a positive relationship between regional anti-corruption polices in China and companies' Corporate Social Responsibility (CSR) reporting. Branco et al [15] found that publicly listed companies and United Nations Global Compact (UNGC) members disclose more than their counterparts. However, Sari et al [16] found that UNGC membership is not a significant determinant, but rather, they identified companies' dependence on government tenders and foreign ownership as significant variables.…”

Section: Introductionmentioning

confidence: 99%

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Determinants of Corporate Anti-Corruption Disclosure: The Case of the Emerging Economics

Odriozola

Etxeberria

2021

Sustainability

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Corruption is a key factor that affects countries’ development, with emerging countries being a geographical area in which it tends to generate greater negative effects. However, few empirical studies analyze corruption from the point of view of disclosure by companies in this relevant geographical area. Based on a regression analysis using data from the 96 large companies from 15 emerging countries included in the 2016 International Transparency Report, this paper seeks to understand what determinants affect such disclosure. In that context, this paper provides empirical evidence to understand the factors that influence reporting on anti-corruption mechanisms in an area of high economic importance that has been little studied to date, pointing to the positive effect of press freedom in a country where the company is located and with the industry being the unique control variable that strengthens this relationship.

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Section: Resultssupporting

confidence: 93%

Section: Introductionmentioning

confidence: 99%

Determinants of Corporate Anti-Corruption Disclosure: The Case of the Emerging Economics

Odriozola

Etxeberria

2021

Sustainability

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“…There is a strong connection between nepotism and favouritism and the concept of Corporate Social Responsibility (CSR), primarily due to organizations' commitment to make efforts directed against corruption [17,18], one of the significant sources of which is abuse of connections [5,9,19]. One claims that if a company wishes to be perceived as a reliable partner in business, it should behave in accordance with CSR concepts, implementing elements of this concept, and, indeed, following this concept fully [20].…”

Section: Introductionmentioning

confidence: 99%

Nepotism and Favouritism in Polish and Lithuanian Organizations: The Context of Organisational Microclimate

Vveinhardt

Sroka

2020

Sustainability

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The phenomena of ‘nepotism’ and ‘favouritism’ are frequently observed in contemporary business, being usually associated with corruption in the public sector and the abuse of public resources. The phenomena, however, have an international scale and no country and sector of the economy are free of them. Given these facts, our paper identifies the attitude of Lithuanian and Polish employees to it in the context of revealing the organizational microclimate. Our analysis is done in relation to three basic aspects: a) Sector (public vs. private), b) gender (male vs. female) and c) five different age groups. Our research sample involved 337 respondents (Poland-PL, N = 164 and Lithuania-LT, N = 173) representing public (PL and LT, N = 119) and private (PL and LT, N = 218) sector organizations. A closed-type questionnaire was used in the survey. Validity and reliability of the questionnaire were confirmed by its high psychometric characteristics. Several research methods, including factor analysis, Cronbach’s alpha, Spearman–Brown, factor loading and total item correlation were used in our study. The results show that there are both similarities as well as differences between the organizations analysed. As far as the private vs. public sector is concerned, in Poland, manifestation of nepotism in principal does not differ in private and public organizations, unlike in Lithuanian organizations, where a worse situation is recorded in public sector organizations. In turn, comparing employees’ attitudes by their gender, it was identified that there were more similarities than differences between Poland and Lithuania in four subcategories. Finally, comparing employees’ attitudes by their age, it was identified that the least number of statistically significant differences was identified in two age groups: 18–24 years old and over 51.

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“…As a result of pressure from regulators, firms also started disclosing information on the pollution-related activities (Liao et al , 2015; Jaggi et al , 2018). Recently, it has been realized that firms’ corruption-related activities are an important part of non-financial information because they have a significant impact on firms’ overall performance and reputation (Álvarez Etxeberria and Aldaz Odriozola, 2018; Carrillo et al , 2019; Branco et al , 2019).…”

Section: Introductionmentioning

confidence: 99%

Determinants of corporate corruption disclosures: evidence based on EU listed firms

Jaggi

Allini

Ginesti

et al. 2020

MEDAR

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Purpose This study aims to examine the impact of corporate board characteristics and country-level legal system on corruption disclosures mandated by the recent European Union (EU) Directive No. 95/2014. Design/methodology/approach Based on a sample of 234 European listed companies and covering the 2017–2018 period, this study uses regression analyses to empirically test the association of independent directors, board gender diversity and country’s legal system with disclosure of corruption information. Findings The presence of independent directors and female directors is positively associated with corporate corruption disclosures. The association between independent directors and corruption disclosures is especially strong when firms are operating in the common law environments. Research limitations/implications This study is exclusively focused on larger European listed firms and therefore the findings may not be valid for small and medium firms. Practical implications This study provides important information to policymakers to have a better understanding of the factors that influence firms’ disclosure policy on corruption-related activities. It also offers useful information to investors because it shows firms’ propensity to disclose corruption information that would enable them to evaluate their risk and return better. Originality/value To the best of the authors’ knowledge, this is the first study that evaluates firms’ response to the EU Directive No. 95/2014 in disclosing corruption information after its implementation in 2017. It documents the effective role played by female directors in influencing firms’ information disclosure policies. It also confirms that common law environment is more conducive to disclosures.

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Liability of foreignness and anti-corruption reporting in an emerging market: The case of Turkish listed companies

Cited by 16 publications

References 46 publications

Determinants of Corporate Anti-Corruption Disclosure: The Case of the Emerging Economics

Determinants of Corporate Anti-Corruption Disclosure: The Case of the Emerging Economics

Nepotism and Favouritism in Polish and Lithuanian Organizations: The Context of Organisational Microclimate

Determinants of corporate corruption disclosures: evidence based on EU listed firms

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