Corporate governance and corporate social responsibility disclosures
The case of GCC countries
Bibliographic Data
| ID | 15539229 |
|---|---|
| Authors | Samy Garas (0000-0003-1390-8213, Zayed University, corresponding author), Suzanna Elmassah (0000-0002-2254-5736, Cairo University) |
| Year | 2018 |
| Volume | 14 |
| Issue | 1 |
| Pages | 2-26 |
| Publication date | 2018-01-03 |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Critical Perspectives on International Business (JOURNAL) |
| Journal identifiers | ISSN: 1742-2043 • E-ISSN: 1758-6062 |
| Publisher | Emerald Publishing Limited (PUBLISHER • GB) |
| DOI | 10.1108/cpoib-10-2016-0042 |
| OpenAlex | W2782007065 |
| Language | EN |
| Citations received | 6 |
| References cited | 74 |
Purpose The purpose of this study is to explore the impact of corporate governance (CG) on the corporate social responsibility (CSR) disclosures. This is done in the context of firms operating in the Gulf Cooperation Council (GCC) countries and is largely based on the legitimacy theory, although other theories such as principal–agent theory and stakeholder theory are disucssed. Design/methodology/approach This study used the annual reports of 147 firms in the GCC countries, drawing on a legitimacy theory framework to determine the impact of CG characteristics, such as management ownership, ownership concentration, independence of board members, duality of CEO and chairman positions and the existence of an audit committee, on firms’ CSR disclosures to various stakeholders. Accordingly, the authors developed five hypotheses to examine the above variables and used a data set from Hawkamah – the Institute of Corporate Governance. This study covers a period of six years (2007-2012). The data set had been regressed in a multi-variate regression analysis. Findings The authors reported that greater managerial ownership and concentration of ownership have positive impact on CSR disclosures. The findings of this study also show that internal CG mechanisms, such as the independence of board members, the separation of powers, between the CEO and chairman positions and the existence of an independent audit committee, also have a positive influence on CSR disclosures. In addition, the leverage ratio, return on assets, company’s size and age emerge as important determinants of CSR disclosures; nevertheless, the company’s size and age are statistically not significant. These significant findings corroborate the recent concern with CG in developing countries that brings greater attention to CSR disclousures, as both internal and external CG mechanisms are effective in influencing the CSR practices. Practical implications This study fills the gap in literature by providing empirical evidence on the impact of CG on CSR disclosures in a significant region in the emerging economies. Furthermore, it alerts regulators, policy-makers, practitioners and firms’ executives in the GCC region and other developing countries to pay more attention to CG reforms and enforcement as well as to increase institutional pressures regarding CSR adaptation. Originality/value The study on how CG and CSR disclosures are connected has been limited. This study addresses this research gap and focuses on a region that has often been overlooked by accounting research
Audit · Audit Committee · Business · Context (archaeology · Corporate governance · Corporate social responsibility · Independence (probability theory · Legitimacy · Leverage (statistics · Political science · Principal–agent problem · Public relations · Stakeholder · Stakeholder Theory · Auditing, Earnings Management, Governance · Corporate Finance and Governance · Corporate Social Responsibility Reporting · Law · Accounting · Finance
Corporate social responsibility disclosure in Saudi companies
Can bank efficiency alter the concavity of Islamic CSR disclosure and liquidity creation nexus in GCC economies
Issue-based environmental sustainability factors in Nigeria’s oil and gas industry
Systematic Literature Review of CSR in the GCC
Sustainable development goals and corporate reporting
Sustainable corporate governance and gender diversity on corporate boards
Modern Corporation and Private Property
The pyramid of corporate social responsibility
Determinants of Corporate Social Responsibility Disclosure Ratings by Spanish Listed Firms
Corporate Social Responsibility (CSR)
Corporate Governance and Corporate Social Responsibility Disclosures
The impact of culture and governance on corporate social reporting
Corporate Legitimacy as Deliberation
Theory of the firm
Divergent patterns in institutional entrepreneurship of MNCs in emerging economies
Strategic management research on emerging economies
Corporate Governance and Firm Value
| Citations per year | 1.5 |
|---|---|
| Citation span | 2022 - 2026 (5) |
| Highly cited | No |