The impact of ownership structure on corporate social responsibility: the moderating role of financial performance

Dakhli, Anissa

doi:10.1108/sbr-01-2021-0013

Cited by 37 publications

(63 citation statements)

References 207 publications

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“…As it has been mentioned so far, BGD influences positively CSR (Beji et al , 2020; Nuber and Velte, 2021; Yang et al , 2019; Ardito et al , 2021; Gulzar et al , 2019; Liu et al , 2020; Yarram and Adapa, 2021; Velte, 2019; Nwude and Nwude, 2021; Nguyen et al , 2021; Govindan et al , 2021). In other words, the diversity of board allows board members to mobilize different cognitive frameworks, and these, due to their variety, allow the interest of several stakeholders to be considered, including those of shareholders (Dakhli, 2021).…”

Section: Literature Review and Hypotheses Developmentmentioning

confidence: 99%

Do women on corporate boardrooms have an impact on tax avoidance? The mediating role of corporate social responsibility

Dakhli

2021

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Purpose The purpose of this paper is to investigate the direct and indirect relationship between board gender diversity and corporate tax avoidance using corporate social responsibility (CSR) as a mediating variable. Design/methodology/approach This study uses a panel dataset of 200 French firms listed during 2007–2018 period. The direct and indirect effects between board gender diversity (BGD) and tax avoidance were tested by using structural equation model analysis. Findings The results indicate that the presence of women on corporate boardrooms negatively affects tax avoidance. The greater the proportion of women in boards, the lower the likelihood of tax avoidance practice. In the mediation test, CSR appears to partially mediate the link between women on boards and corporate tax avoidance. Additional analysis shows that the social dimension of CSR produces this mediating effect. Practical implications The results have practical implications for companies in regulating the composition of their boards. To benefit from diversity, firms have to increase women‘s percentage in their boards of directors. Also, investors are encouraged to pay attention to the percentage of female directors when investing and purchasing shares. Social implications This study proved empirically that the higher proportion of female directors significantly reduces the possibility of tax avoidance either directly or indirectly through enhancing CSR performance. The findings show that firms with gender diversified boards are more likely to get involved in CSR for hedging against the potential consequences of aggressive tax avoidance practices. In light of the above results, firms are well-advised to strongly apply the policy encouraging or mandating women as board members to take advantage of their expected benefits. Originality/value The originality of this paper consists in proposing the establishment of both direct and indirect relationships between BGD and corporate tax avoidance through CSR. Unlike prior studies that have been examining the direct relationship between corporate governance mechanisms and corporate tax avoidance, this study went further to investigate the indirect relationship between these two constructs. This study also differs from prior studies as it examines the effect of BGD on each of constituting pillars of CSR, namely, environmental, social and governance. To date, an extensive part of CSR research has used the combined score of CSR, but the effects on different CSR pillars remain little investigated.

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Section: Literature Review and Hypotheses Developmentmentioning

confidence: 99%

Do women on corporate boardrooms have an impact on tax avoidance? The mediating role of corporate social responsibility

Dakhli

2021

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“…Pertumbuhan perusahaan yang tinggi juga menarik perhatian dan akan berimplikasi pada kinerja perusahaan dan peningkatan ukuran sehingga menjadi salah satu pertimbangan bagi investor (Purnomo, 2021). Kinerja keuangan digunakan sebagai variabel moderasi yang memainkan peran kunci dalam meningkatkan kualitas keputusan strategis dan memastikan keberhasilan penerapan strategi inovatif termasuk CSR (Dakhli, 2021). Perusahaan manufaktur merupakan perusahaan dimana kegiatannya lekat dengan lingkungan dan berada di komunitas soasial dan dapat menimbulkan dampak sosial serta lingkungan.…”

Section: Pendahuluanunclassified

“…Menurut Dakhli (2021) kepemilikan saham oleh manajerial yang rendah akan meningkatkan CSR perusahaan. Pemilik saham manajerial tidak banyak berinvestasi dalam kegiatan yang bertanggung jawab secara sosial karena mereka lebih mungkin untuk mencapai strategi jangka pendek untuk memaksimalkan kepentingan mereka.…”

Section: Pendahuluanunclassified

“…Menurut Dakhli (2021) mengungkapkan dalam penelitiannya bahwa kinerja keuangan menyebabkan peningkatan CSR sehingga dampak dari kepemilikan institusional terhadap CSR bergantung pada kinerja keuangan perusahaan. Berdasarkan temuan di atas, dapat dibuat hipotesis berikut: H4: Ada pengaruh kinerja keuangan dalam memoderasi pengaruh kepemilikan institusional terhadap CSR.…”

Section: Pendahuluanunclassified

“…Berdasarkan temuan di atas, dapat dibuat hipotesis berikut: H4: Ada pengaruh kinerja keuangan dalam memoderasi pengaruh kepemilikan institusional terhadap CSR. Menurut Dakhli (2021) dalam penelitiannya menunjukkan bahwa kepemilikan saham manajerial yang tinggi berarti masalah informasi asimetris yang terkait dengan investasi dapat dipecahkan. Didasarkan pada asumsi tersebut, terdapat korelasi antara persentase saham yang dimiliki manajemen dengan kinerja perusahaan.…”

Section: Pendahuluanunclassified

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Faktor-faktor yang mempengaruhi corporate social responsibility dengan kinerja keuangan sebagai variabel moderasi pada perusahaan manufaktur yang terdaftar di Bursa Efek Indonesia

Siagian

Leon

Purba

2022

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This study aims to analyze the factors that influence CSR with financial performance as a moderating variable in manufacturing companies listed on the IDX. The data used in this study is secondary data sourced from the annual reports and financial statements of manufacturing companies listed on the IDX during the 2015-2020 period. The research sample using purposive sampling method obtained a sample of 26 companies. The data analysis used is moderating regression analysis using Eviews 10. The results show that institutional ownership, managerial ownership and firm size have a positive and significant impact on CSR. Firm growth and debt ratio have no effect on CSR. Financial performance can moderate the direction of the positive relationship the influence of institutional ownership on CSR. Financial performance can moderate the direction of the negative relationship of managerial ownership on CSR. Financial performance cannot moderate the effect of firm growth on CSR. The results of this study provide information to management and investors where companies that have large institutional ownership can encourage CSR activities by paying attention to financial performance which can weaken the influence on CSR. Managerial ownership and large company size can encourage CSR activities by paying attention to financial performance which can strengthen the influence on CSR. In addition, improved financial performance and large institutional investors can encourage CSR activities. Declining financial performance and large managerial investors can also encourage CSR activities

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CSR and ownership structure: Moderating role of board characteristics in an emerging country context

Kaimal,

Uzma

2024

Corp Soc Responsibility Env

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The existing literature on the impact of ownership structure on corporate social responsibility (CSR) showed inconsistent results and disregarded the possibility of non‐linear patterns in the relationship. The present study examines the non‐linear relationship between ownership structure (family, foreign, institutional, and government) and CSR expenditure of listed non‐financial service sector firms in India. Further, the moderating effect of board variables, including board size, board independence, multiple directorships and gender diversity, is explored in the ownership structure‐CSR nexus. Based on a balanced panel dataset of 243 non‐financial service sector companies listed in India, the study observed an inverse U‐relationship between institutional ownership and CSR. The study also found that family, foreign, and government ownership positively influence the firm's social engagement. However, the study could find partial support for the moderating role of the four board characteristics; board size, board independence, multiple directorships and gender diversity in ownership‐CSR association. The study contributes to existing CSR and corporate governance literature by exploring one of the major factors (ownership structure) impacting CSR and the role of board variables in the association.

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The impact of ownership structure on corporate social responsibility: the moderating role of financial performance

Cited by 37 publications

References 207 publications

Do women on corporate boardrooms have an impact on tax avoidance? The mediating role of corporate social responsibility

Do women on corporate boardrooms have an impact on tax avoidance? The mediating role of corporate social responsibility

Faktor-faktor yang mempengaruhi corporate social responsibility dengan kinerja keuangan sebagai variabel moderasi pada perusahaan manufaktur yang terdaftar di Bursa Efek Indonesia

CSR and ownership structure: Moderating role of board characteristics in an emerging country context

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