Journal ArticleDOI
The Effect of Board Capital and CEO Power on Corporate Social Responsibility Disclosures
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In this paper, the effect of human and social capital (i.e., board capital) on the level of corporate social responsibility (CSR) disclosures by drawing on insights from a resource-based view was examined.Abstract:
This study examines the effect of directors’ human and social capital (i.e. board capital) on the level of corporate social responsibility (CSR) disclosures by drawing on insights from a resource-based view. It also investigates the effect of chief executive officer (CEO) power on this relationship. Data were obtained from annual reports of companies listed on the Dhaka Stock Exchange in Bangladesh from 2005 to 2013. We employ outside directors’ experiences and expertise as a proxy for board capital and measure CEO power using a ‘power index’ that comprises CEO duality, ownership, tenure and family CEO status. Results show that board capital is positively associated with CSR disclosure levels; however, CEO power is negatively associated with CSR disclosures and reduces the effect of board capital on CSR disclosures. Thus, we conclude that although board capital can improve CSR practices, CEO power can also inhibit these practices.read more
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Journal ArticleDOI
Tax avoidance, corporate governance, and corporate social responsibility: The case of the Egyptian capital market
TL;DR: In this paper, the authors examined the relationship between tax avoidance, corporate governance, and corporate social responsibility (CSR) disclosure, and investigated the effect of CSR on stock market returns.
Journal ArticleDOI
A Multimethod Approach to Assess and Measure Corporate Social Responsibility Disclosure and Practices in a Developing Economy
TL;DR: In this paper, a multimethod approach has been adopted to measure CSR practices with respect to both approaches, quantitative and qualitative, for 170 listed firms from 2008 to 2015, and the results indicated that most Pakistani firms disclose more information about their product-, customer-, and stakeholder-related CSR activities and put less emphasis on health and education responsibilities.
Journal ArticleDOI
Commitment of independent and institutional women directors to corporate social responsibility reporting
TL;DR: In this paper, the authors examined how independent and institutional women directors on boards affect corporate social responsibility (hereafter CSR) reporting and found that there is a nonlinear association, concretely quadratic, between independent female directors and CSR disclosure.
Journal ArticleDOI
Do CEO incentives and characteristics influence corporate social responsibility (CSR) and vice versa? A literature review
TL;DR: In this paper, the authors conducted a structured literature review and evaluated 84 empirical-quantitative studies on CEO and CSR variables, concluding that the majority of the included studies analyzed the CEO-CSR link, while there are indicators for a bidirectional relationship.
Journal ArticleDOI
CEO power and integrated reporting
TL;DR: In this paper, a logistic regression model is used to examine the association between CEO power and disclosure of an integrated report, and the results show that CEOs with greater power oppose the disclosure of integrated information, and this behaviour is not modified by firms’ incentives.
References
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Journal ArticleDOI
Theory of the firm: Managerial behavior, agency costs and ownership structure
TL;DR: In this article, the authors draw on recent progress in the theory of property rights, agency, and finance to develop a theory of ownership structure for the firm, which casts new light on and has implications for a variety of issues in the professional and popular literature.
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Coefficient alpha and the internal structure of tests.
TL;DR: In this paper, a general formula (α) of which a special case is the Kuder-Richardson coefficient of equivalence is shown to be the mean of all split-half coefficients resulting from different splittings of a test, therefore an estimate of the correlation between two random samples of items from a universe of items like those in the test.
Journal ArticleDOI
Separation of ownership and control
Eugene F. Fama,Michael C. Jensen +1 more
TL;DR: The authors argue that the separation of decision and risk-bearing functions observed in large corporations is common to other organizations such as large professional partnerships, financial mutuals, and nonprofits. But they do not consider the role of decision agents in these organizations.
Book
The External Control of Organizations: A Resource Dependence Perspective
TL;DR: The External Control of Organizations as discussed by the authors explores how external constraints affect organizations and provides insights for designing and managing organizations to mitigate these constraints, and it is the fact of the organization's dependence on the environment that makes the external constraint and control of organizational behavior both possible and almost inevitable.
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