The impact of existence of royal family directors on corporate social responsibility reporting: a servant leadership perspective

Alazzani, Abdulsamad; Al-Janadi, Yaseen; Shreim, Obeid

doi:10.1108/srj-07-2017-0138

Cited by 32 publications

(47 citation statements)

References 72 publications

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“…After considering eight widely used board characteristics in corporate governance, we find evidence (1) that the coefficient board size supports the ineffectiveness of large boards, consistent with Eisenberg et al [1] and Yermack [3]; (2) that independent directors have no significant effect on firm value, consistent with Bhagat and Black [11]; (3) that outside CEO directors show a positive impact on firm value, supporting the advising and enhancing role of outside CEO directors [8]; (4) that there is no significant impact of directors with financial expertise on firm value; (5) that presence of a director with a CEO as a family member has a significant negative effect on firm value, consistent with prior studies [7,24]; (6) that on average, the more diversified the board is in terms of director age, nationality, and gender, firm value measured by Tobin's Q is likely to decrease significantly. These results are different from the expectations of effectiveness of directors with financial experience [14,15], foreign directors [17,18], and female directors [19][20][21].…”

Section: Discussionsupporting

confidence: 77%

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Sustainable Causal Interpretation with Board Characteristics: Caveat Emptor

2020

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The study of a causal interpretation of board and firm characteristics, that is, a hidden dependence relationship on the causal inference among board and firm characteristics, is an important but unaddressed issue in the corporate governance literature. Using diverse advanced statistical methods and focusing on Tobin's Q, we find that (i) not all board variables previously found to be significant are "robust" to latent variable data analysis, and (ii) those variables that are consistently significant differ markedly in latent structural equation analysis. Our analyses provide researchers interested in board issues with an important caveat: Focusing on the dependence structure of available board variables affected by latent factors may introduce a new horizon in corporate finance.

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Section: Discussionsupporting

confidence: 77%

“…It is likely that companies with family directors in their boards are less likely to include incentive-based plans, and are also less likely to have higher levels of compensation [7]. In addition, the presence of family directors is positively associated with corporate social responsibility (CSR) reporting [24].…”

Section: Literature Reviewmentioning

confidence: 99%

Sustainable Causal Interpretation with Board Characteristics: Caveat Emptor

2020

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“…Recently, many studies have indicated growing interest in CSR disclosure (e.g. Alazzani et al, 2019;Garcia et al, 2020). Researchers argue that it performs a vital function in enhancing the quality of communication among stakeholders (De Klerk et al, 2015).…”

Section: Csr Theoretical Backgroundmentioning

confidence: 99%

“…To determine the influence of AC features on CSRDL in the Jordanian market, we estimate the following ordinary least squares (OLS) regression model with robust standard errors (Alazzani et al, 2019;Appuhami & Tashakor, 2017). We winsorise all variables that have extreme values to overcome the effect of the outlier (Harper & Sun, 2019): CSRDL = CSR disclosure level; β 0 = Intercept; β 1-11 = Variables coefficients; Year is the period of study; and є = Error term (see Table 2 for variables definitions).…”

Section: Model Specificationmentioning

confidence: 99%

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Audit Committee Features and CSR Disclosure: Additional Evidence From an Emerging Market

Qaderi

Alhmoud

Ghaleb

2020

IJFR

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This study aims to measure the level of corporate social responsibility disclosure (CSRDL) in an emerging market, Jordan. It also aims to investigate the effect of audit committee (AC) features on CSRDL. The study’s data, obtained from annual reports, comprises 576 company-year observations from industrial and services companies listed on the Amman stock exchange for the period 2011 to 2016. Content analysis is used to measure CSRDL, and multiple regression techniques to test the proposed relationships. The results show that CSRDL among Jordanian listed companies is low, suggesting that companies have less incentive to disclose CSR practices. Additionally, AC independence and AC ownership positively influence CSRDL. The findings from this research have limited generalisability due to the specific characteristics of the sample, which is from a developing country. However, they have implications and value for policymakers and different stakeholders interested in improving CSR initiatives. The findings are also significant in reducing agency costs and enhancing corporate transparency. Within the limits of the authors’ knowledge, this research is among the first to provide preliminary evidence on the effect of AC features on CSR disclosure in an emerging market context, specifically in Jordan.

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Independent female directors and integrated reporting quality: The moderating role of family ownership

Ghaleb,

Qaderi,

Al‐Qadasi

2024

Corp Soc Responsibility Env

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Female directors can affect corporate reporting through their monitoring functions. However, it is unclear whether independent female directors (IFDs) are preferred to gain a higher quality of integrated reporting (IRQ) in a context such as Malaysia, where family ownership is dominated. This study examines the relationship between IFDs and IRQ, as well as the influence of family ownership on the IFDs‐IRQ nexus. Using all Malaysian public listed companies that have voluntarily adopted IR strategy over the 2017–2021 period, the current study uses different regression models to analyze the data and provide robust results. The results find that IFDs are positively associated with IRQ. Additionally, there is a significant negative correlation between family ownership and IRQ. Furthermore, family ownership negatively moderates the positive IFDs‐IRQ relationship. The results of the subsample analysis indicate that the relationship between IFDs and IRQ is positive in companies that do not have family ownership, but negative in those that do have family ownership. This finding supports the main conclusion regarding the moderating impact of family ownership. The additional analyses support the primary findings that highlight the crucial function of IFDs in enhancing IRQ and the influence of family ownership in attenuating the favorable impact of IFDs. This research extends the existing body of literature on IR by examining the significance of female independence beyond female representation and exploring the potential impact of family ownership on this advantageous characteristic.

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The impact of existence of royal family directors on corporate social responsibility reporting: a servant leadership perspective

Cited by 32 publications

References 72 publications

Sustainable Causal Interpretation with Board Characteristics: Caveat Emptor

Sustainable Causal Interpretation with Board Characteristics: Caveat Emptor

Audit Committee Features and CSR Disclosure: Additional Evidence From an Emerging Market

Independent female directors and integrated reporting quality: The moderating role of family ownership

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