The impact of family vs non-family governance contingencies on CSR reporting in Bangladesh

Biswas, Pallab Kumar; Roberts, Helen; Whiting, Rosalind H.

doi:10.1108/md-11-2017-1072

Cited by 33 publications

(49 citation statements)

References 48 publications

(53 reference statements)

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“…In the gender diversity and CSR regression, we include measures of firm-level overall governance, advertising intensity, profitability, firm size, growth opportunities, leverage, firm age, multinational subsidiary and proportion of new assets control variables based on the prior literature in this area (for example, Harjoto and Jo, 2011). Following Biswas et al (2019), corporate governance level (GovScore) is measured using a firm-level corporate governance index [14].…”

Section: Csr Disclosure In Bangladeshmentioning

confidence: 99%

Female directors and CSR disclosure in Bangladesh: the role of family affiliation

Biswas

Roberts

Whiting

2021

MEDAR

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Purpose This paper aims to investigate the impact of female director affiliations to governing families on corporate social responsibility (CSR) disclosures in the context of Bangladeshi firms. Design/methodology/approach This study uses a quantitative empirical research method grounded in Socioemotional Wealth (SEW) theory. Data was sourced from Bangladeshi publicly listed non-financial sector companies’ annual reports and stock exchange trading and publication reports and consists of 2,637 firm-year observations from 1996 to 2011. Pooled multivariate regression models are used to test the association between corporate social and environmental disclosure and female directors, and the family affiliation (or not) of those directors. Findings The findings provide strong evidence that female directors who are affiliated to the governing family, founders and other board members reduce CSR disclosure in family firms; unaffiliated female board directors enhance CSR disclosure, and this effect is significant in both family and non-family firms. Research limitations/implications Definitions of family firms and affiliated directors may lead to over-generalization in the results. Originality/value The study highlights variation in the nature of female board appointments in emerging market family-controlled firms. The findings bring attention to the role of affiliated female director appointments in family ownership structures and speak directly to family business owners, advisors and policy makers about the importance of unaffiliated female directors as catalysts of improved CSR disclosure in family and non-family firms.

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Section: Csr Disclosure In Bangladeshmentioning

confidence: 99%

Female directors and CSR disclosure in Bangladesh: the role of family affiliation

Biswas

Roberts

Whiting

2021

MEDAR

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“…The presence of independent directors and audit committees can also offset the challenges of dichotomous board chair configuration styles. Independent directors and audit committees can positively contribute to firms' financial performance (Cerbioni & Parbonetti, 2007; Chowdhury & Wang, 2009; García‐Ramos, Díaz‐Díaz, & García‐Olalla, 2017; Lin & Chuang, 2011; McWilliams & Sen, 1997) and improve the overall quality of nonfinancial performance, such as voluntary disclosures (Biswas, Roberts, & Whiting, 2019). Vigilant boards might prefer CEO duality for the unity of command; however, such a preference might not be the case when the informal CEO power is high (Finkelstein & D'Aveni, 1994).…”

Section: Review Of the Literaturementioning

confidence: 99%

The role of the board chair—A literature review and suggestions for future research

Banerjee

Nordqvist

Hellerstedt

2020

Corporate Governance

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Research Question/Issue: The role of the board chair has become increasingly complex in recent decades. Research on corporate governance has called for and has initiated the pursuit of more research for the purpose of creating a better understanding of the role of board chairs. We reviewed 234 academic articles published in 66 journals, structured the existing research according to an Input-Process-Outcome-Contexts framework, and provided a future research agenda for studies on the role of the board chair. Research Findings/Insights: Our review reveals that the number of published studies on the position of the board chair has grown over the last two decades. Although extant research is dominated by quantitative studies exploring the impact of the board chair position on financial performance, frequently drawing on agency and stewardship theory, recent work has moved beyond this focus and has added valuable insights. The Input-Process-Outcome-Contexts framework used to structure the extant research reveals that future research should pursue topics related to all components of the framework and that opportunities exist to draw from a broader set of theories. Theoretical/Academic Implications: Based on the framework, we formulate seven specific research topics that can add valuable insights into the role of the board chair and suggest theories that can help inform research pursuing these topics. Taken together, these topics have the potential to create valuable insights into how board chairs are appointed, develop competencies, and interact and work with the CEO, the top management team, the board, and other stakeholders while acknowledging the influence of contextual factors, such as ownership, diversity, the firm's development stage, and external events and trends. Practitioner/Policy Implications: Our review shows a growing global movement toward prescribing more corporate governance regulations and separating the positions of the board chair and the CEO. We show that many aspects need to be considered when choosing a governance configuration and when appointing a board chair because this role is becoming increasingly demanding.

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“…Over the last decade, many scholars have debated the differences between family and nonfamily businesses concerning socially responsible practices (Biswas, Roberts, & Whiting, 2019; Campopiano & De Massis, 2015; Izzo & Ciaburri, 2018). Many studies agree that family businesses are more socially responsible than nonfamily businesses (Dawson et al, 2019; Sageder et al, 2018).…”

Section: Literature Reviewmentioning

confidence: 99%

Walking the talk in family firms. An empirical investigation of CSR communication and practices

Venturelli

Principale

Ligorio

et al. 2020

Corp Soc Responsibility Env

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Family firms are embarking on a virtuous path increasingly oriented toward sustainable development. The corporate social responsibility (CSR), more and more regarded as a positive driver for the reputation and preservation in the medium to long term for the company, is now an element that falls within the credit valuations of banking firms. Our research investigates CSR communication and practices in small and medium‐sized family businesses. Using the socioemotional wealth perspective, we analyze the effect of family control and influence on CSR behavior. We perform a Poisson regression on an Italian regional sample of 200 family businesses. Our study reveals a greater propensity of family businesses to practices rather than CSR communication. Family control has a positive effect on CSR practices, while family involvement has an adverse effect on CSR communication. Besides, strong control and involvement have a negative effect on CSR communication.

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The impact of family vs non-family governance contingencies on CSR reporting in Bangladesh

Cited by 33 publications

References 48 publications

Female directors and CSR disclosure in Bangladesh: the role of family affiliation

Female directors and CSR disclosure in Bangladesh: the role of family affiliation

The role of the board chair—A literature review and suggestions for future research

Walking the talk in family firms. An empirical investigation of CSR communication and practices

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