Corporate Governance and Corporate Social Responsibility Disclosure
There is a distinct lack of research into the relationship between corporate governance and corporate social responsibility (CSR) in the banking sector. This paper fills the gap in the literature by examining the impact of corporate governance, with particular reference to the role of board of direc...
محفوظ في:
| المؤلف الرئيسي: | |
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| مؤلفون آخرون: | , , |
| التنسيق: | article |
| منشور في: |
2014
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| الوصول للمادة أونلاين: | http://hdl.handle.net/10725/12435 https://doi.org/10.1007/s10551-013-1929-2 http://libraries.lau.edu.lb/research/laur/terms-of-use/articles.php https://link.springer.com/article/10.1007/s10551-013-1929-2 |
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| _version_ | 1864513490080759808 |
|---|---|
| author | Jizi, Mohammad Issam |
| author2 | Salama, Aly Dixon, Robert Stratling, Rebecca |
| author2_role | author author author |
| author_facet | Jizi, Mohammad Issam Salama, Aly Dixon, Robert Stratling, Rebecca |
| author_role | author |
| dc.creator.none.fl_str_mv | Jizi, Mohammad Issam Salama, Aly Dixon, Robert Stratling, Rebecca |
| dc.date.none.fl_str_mv | 2014 2021-01-26T11:36:58Z 2021-01-26T11:36:58Z 2021-01-26 |
| dc.identifier.none.fl_str_mv | 0167-4544 http://hdl.handle.net/10725/12435 https://doi.org/10.1007/s10551-013-1929-2 Jizi, M. I., Salama, A., Dixon, R., & Stratling, R. (2014). Corporate governance and corporate social responsibility disclosure: Evidence from the US banking sector. Journal of business ethics, 125(4), 601-615. http://libraries.lau.edu.lb/research/laur/terms-of-use/articles.php https://link.springer.com/article/10.1007/s10551-013-1929-2 |
| dc.language.none.fl_str_mv | en |
| dc.relation.none.fl_str_mv | Journal of Business Ethics |
| dc.rights.*.fl_str_mv | info:eu-repo/semantics/openAccess |
| dc.title.none.fl_str_mv | Corporate Governance and Corporate Social Responsibility Disclosure Evidence from the US Banking Sector |
| dc.type.none.fl_str_mv | Article info:eu-repo/semantics/publishedVersion info:eu-repo/semantics/article |
| description | There is a distinct lack of research into the relationship between corporate governance and corporate social responsibility (CSR) in the banking sector. This paper fills the gap in the literature by examining the impact of corporate governance, with particular reference to the role of board of directors, on the quality of CSR disclosure in US listed banks’ annual reports after the US sub-prime mortgage crisis. Using a sample of large US commercial banks for the period 2009–2011 and controlling for audit committee characteristics, board meeting frequency, and banks’ profitability, size and risk, we find evidence that board independence and board size, the two board characteristics usually associated with the protection of shareholder interests, are positively related to CSR disclosure. This indicates that, with regard to CSR disclosure, more independent boards of directors and larger boards are the internal corporate governance mechanisms which promote both shareholders’ and other stakeholders’ interests. Contrary to our expectations, CEO duality also impacts positively on CSR disclosure. From an agency-theoretical viewpoint, this suggests that powerful CEOs may promote transparency about banks’ CSR activities for their private benefits. While this could indicate that powerful CEOs are under particular pressure to appease stakeholders’ concerns that they might abuse their power by providing a high degree of CSR disclosure, it could also be a sign of managerial risk aversion or managers’ private reputational concerns. |
| eu_rights_str_mv | openAccess |
| format | article |
| id | LAURepo_d29bb9c0b14dcdcf849e06a87ee738e5 |
| identifier_str_mv | 0167-4544 Jizi, M. I., Salama, A., Dixon, R., & Stratling, R. (2014). Corporate governance and corporate social responsibility disclosure: Evidence from the US banking sector. Journal of business ethics, 125(4), 601-615. |
| language_invalid_str_mv | en |
| network_acronym_str | LAURepo |
| network_name_str | Lebanese American University repository |
| oai_identifier_str | oai:laur.lau.edu.lb:10725/12435 |
| publishDate | 2014 |
| repository.mail.fl_str_mv | |
| repository.name.fl_str_mv | |
| repository_id_str | |
| spelling | Corporate Governance and Corporate Social Responsibility DisclosureEvidence from the US Banking SectorJizi, Mohammad IssamSalama, AlyDixon, RobertStratling, RebeccaThere is a distinct lack of research into the relationship between corporate governance and corporate social responsibility (CSR) in the banking sector. This paper fills the gap in the literature by examining the impact of corporate governance, with particular reference to the role of board of directors, on the quality of CSR disclosure in US listed banks’ annual reports after the US sub-prime mortgage crisis. Using a sample of large US commercial banks for the period 2009–2011 and controlling for audit committee characteristics, board meeting frequency, and banks’ profitability, size and risk, we find evidence that board independence and board size, the two board characteristics usually associated with the protection of shareholder interests, are positively related to CSR disclosure. This indicates that, with regard to CSR disclosure, more independent boards of directors and larger boards are the internal corporate governance mechanisms which promote both shareholders’ and other stakeholders’ interests. Contrary to our expectations, CEO duality also impacts positively on CSR disclosure. From an agency-theoretical viewpoint, this suggests that powerful CEOs may promote transparency about banks’ CSR activities for their private benefits. While this could indicate that powerful CEOs are under particular pressure to appease stakeholders’ concerns that they might abuse their power by providing a high degree of CSR disclosure, it could also be a sign of managerial risk aversion or managers’ private reputational concerns.PublishedN/A2021-01-26T11:36:58Z2021-01-26T11:36:58Z20142021-01-26Articleinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/article0167-4544http://hdl.handle.net/10725/12435https://doi.org/10.1007/s10551-013-1929-2Jizi, M. I., Salama, A., Dixon, R., & Stratling, R. (2014). Corporate governance and corporate social responsibility disclosure: Evidence from the US banking sector. Journal of business ethics, 125(4), 601-615.http://libraries.lau.edu.lb/research/laur/terms-of-use/articles.phphttps://link.springer.com/article/10.1007/s10551-013-1929-2enJournal of Business Ethicsinfo:eu-repo/semantics/openAccessoai:laur.lau.edu.lb:10725/124352021-11-30T10:51:40Z |
| spellingShingle | Corporate Governance and Corporate Social Responsibility Disclosure Jizi, Mohammad Issam |
| status_str | publishedVersion |
| title | Corporate Governance and Corporate Social Responsibility Disclosure |
| title_full | Corporate Governance and Corporate Social Responsibility Disclosure |
| title_fullStr | Corporate Governance and Corporate Social Responsibility Disclosure |
| title_full_unstemmed | Corporate Governance and Corporate Social Responsibility Disclosure |
| title_short | Corporate Governance and Corporate Social Responsibility Disclosure |
| title_sort | Corporate Governance and Corporate Social Responsibility Disclosure |
| url | http://hdl.handle.net/10725/12435 https://doi.org/10.1007/s10551-013-1929-2 http://libraries.lau.edu.lb/research/laur/terms-of-use/articles.php https://link.springer.com/article/10.1007/s10551-013-1929-2 |