The impact of corporate governance on forward-looking CSR disclosure

Ananzeh, Husam; Alshurafat, Hashem; Bugshan, Abdullah; Hussainey, Khaled

doi:10.1108/jfra-10-2021-0379

Cited by 39 publications

(40 citation statements)

References 102 publications

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“…Giving by corporations does not adhere to mandatory global standards. It is instead a matter of choice, and it can go beyond the legally binding requirements, especially in developing countries with a lack of laws requiring it (Ananzeh et al , 2022). Thus, the lack of clear corporate giving rules has led to heterogeneous levels of donations or even no donations in some instances (Ananzeh, 2022).…”

Section: Literature Review and Hypotheses Developmentmentioning

confidence: 99%

The effect of corporate governance quality and its mechanisms on firm philanthropic donations: evidence from the UK

Ananzeh

Amosh

Albitar

2022

IJAIM

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Purpose This paper aims to investigate whether and how better corporate governance practices can lead to philanthropic behavior among companies in the UK. In particular, this study attempts to determine whether corporate governance quality in general, as well as its specific mechanisms, affects corporate giving. Design/methodology/approach The analysis is based on a sample of Financial Times Stock Exchange All-Share nonfinancial companies. Data on firm donations, including donations amount and donations intensity, were manually collected from companies’ annual reports for the period 2018–2020. This paper uses panel data models to examine the research hypotheses. Findings The results of this study indicate that both donations amount and donations intensity are positively associated with the practice of better corporate governance. Board independence is positively associated with donations amount, but not with the intensity of donations. Furthermore, board size, board gender diversity and the establishment of a corporate social responsibility (CSR) committee are likely to have a positive impact on the amount and the intensity of firms’ donations. However, neither the chief executive officer board membership nor the audit committee’s independence is related to the firm’s donations. Practical implications This study sheds light on specific governance factors that affect firm donations in the context of UK companies. This allows regulators and legislators to evaluate the donations activities in the country and issue more directives to reinforce corporate governance practices that support corporate donations. In addition, the findings of this study are considered crucial to investors who prefer investing in companies with significant CSR-related activities to improve the value relevance of their investments. Originality/value This study provides a shred of unique evidence on the impact of corporate governance practices on firms’ donations.

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Section: Literature Review and Hypotheses Developmentmentioning

confidence: 99%

The effect of corporate governance quality and its mechanisms on firm philanthropic donations: evidence from the UK

Ananzeh

Amosh

Albitar

2022

IJAIM

Self Cite

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“…Information in the presence of committees considered legitimate to stakeholders tends to increase the company's social reputation (Lu et al, 2015). Ananzeh et al, (2022) determined that an enlarged board size could lead to an increase in the number of directors with an accounting or finance background, which could have a positive influence on CSR disclosure. Kathy Rao et al, (2012) stated that an assessment related to the content and extent of CSR disclosure requires effective communication and coordination among board members.…”

Section: Board Committeesmentioning

confidence: 99%

“…This study examines how Board Composition, Board Committees and, Financial Characteristics influence CSR disclosure in the degree of quality of CSR reporting. The study focuses on the study of the influence of Board Composition, Board Committees and Financial Characteristics on CSR disclosure in potentially socially and environmentally responsible companies.In several studies show that there are several variables that significantly influence the disclosures such as: good corporate governance (Haniffa & Cooke, 2005;Ashfaq & Rui, 2019, Ananzeh et al, 2022 and financial characteristics that include firm size (Said, 2009;Rahman et al, 2011), also profitability (Tagesson et al, 2009).…”

Section: Introductionmentioning

confidence: 99%

“…Regarding the importance of explanation of corporate governance variables and financial characteristics considered the most vital is size and profitability (Giannarakis, 2014). Research conducted by Esa & Ghazali (2012) and Ananzeh et al, (2022) shows the existence of good corporate governance and size has positive impact to CSR disclosure. The larger board size through the wider flow of ideas and experiences can lead to better appreciation and implementation in social activities corporate and CSR disclosures in annual reports.…”

Section: Introductionmentioning

confidence: 99%

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Do Corporate Governance and Financial Characteristics May Increase CSR Disclosures?

Utha

Arif²,

Boenjamin³

2022

j. inf. perpajak. akunt. keuang. n.a.

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The purpose of this study was to analyze the effect of corporate governance and financial characteristics on the disclosure of Corporate Social Responsibility (CSR). The corporate governance variable uses the composition of the board and board committees, while the financial characteristics are proxied by the size of the company. The sampling technique used was purposive sampling. A total of 17 companies used in this study were selected with the provisions of being included in the SRIKEHATI Index ranking from 2016 to 2020 with a total data of 85 observations. The method of analysis uses multiple linear regression panel data. The results show that corporate governance as measured by the composition of the board has a positive and significant effect on CSR disclosure, while the board committee has no significant effect on CSR disclosure even though the resulting coefficient is positive. The financial characteristics that are proxied through the size of the company also do not have a significant effect on CSR disclosure. Meanwhile, of the many proxies of corporate governance and financial characteristics, only 2 corporate governance variables and 1 variable are used to measure financial characteristics. The contribution of this research is that good governance through the role of the composition of the board of commissioners can improve the quality of CSR disclosure, so companies need to improve the composition of the board of commissioners in the company.

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“…Some institutions offer a degree in forensic accounting (diploma or masters), while others offer one or two units of forensic accounting within an accounting qualification. As in the UK, in Australia there are no formal rules that control entry into the forensic acounting profession Alshurafat et al, 2022;Ananzeh et al, 2022;Chen & Van Akkeren, 2012;Jaradat et al, 2022). In addition, there is a lack of empirical evidence in the available literature that identifies the bodies who are responsible for regulating and monitoring the forensic accounting industry in Australia.…”

Section: Introductionmentioning

confidence: 99%

A Review on Forensic Accounting Profession and Education: Global Context

Saadeh¹,

Al-zoubi²,

Dahmash³

et al. 2022

Preprint

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This review provides an understanding of the teaching and practising of forensic accounting across the globe. It includes a review of published forensic accounting studies that conclude that forensic accounting is of benefit to both students and professionals. Despite this, there are areas of concern; namely, the insufficiency of an appropriate structure of regulation and a lack of control over the academic qualifications to enter the profession. This review of both the teaching and practising of forensic accounting provides an overview of the vital issues and concerns that must be understood in order to advance the essential application of forensic accounting. It is expected that this review will influence future policy that will advance business and limit episodes of fraud. The amount of published literature on the subject of forensic accounting is widespread and diverse. However, there is a lack of comprehensive understanding regarding the strengths and weaknesses of forensic accounting; this review will address this and provide policymakers with a thorough explanation of the subject.

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The impact of corporate governance on forward-looking CSR disclosure

Cited by 39 publications

References 102 publications

The effect of corporate governance quality and its mechanisms on firm philanthropic donations: evidence from the UK

The effect of corporate governance quality and its mechanisms on firm philanthropic donations: evidence from the UK

Do Corporate Governance and Financial Characteristics May Increase CSR Disclosures?

A Review on Forensic Accounting Profession and Education: Global Context

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