Composition du conseil d’administration et divulgation d’informations RSE

Dardour, Ali; Toumi, Nadia Ben Farhat; Boussaadaa, Rim

doi:10.4000/fcs.2674

Cited by 12 publications

(5 citation statements)

References 138 publications

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“…Moreover, we observed that the mean board home region diversity is 0.201 and ranges from 0.000 to 0.625. This is lower than Dardour et al (2018), who reported that the mean for Baalouch et al (2019) for the SBF 120 companies. This indicates that French companies present, on average, highly independent boards, which indicates that the companies respect the governance codes.…”

Section: Descriptive Statisticscontrasting

confidence: 64%

“…The composition of the board has an impact on the disclosure of CSR information, but societal policy could also have a causal effect on this composition. Indeed, a company that commits to a CSR approach and discloses information relating to this commitment may attract directors sensitive to these practices in their selection criteria (Dardour et al, 2018). Thus, our primary results (FGLS regression results) may be biased.…”

Section: Preliminary Testsmentioning

confidence: 97%

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Board directors' home regions and CSR disclosure: evidence from France

Toumi

Khemiri

Makni

2021

JAAR

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Purpose The aim of this paper is to examine the impact of directors' home regions on corporate social responsibility (CSR) disclosure. Specifically, the authors aim to determine whether Anglo-American, European, French, other European and other regional directors' presence affects CSR disclosure differently. Design/methodology/approach This empirical study uses panel data analysis of all listed firms on the SBF 120 from 2008 to 2019. The environmental, social and governance (ESG) scores are collected from the Bloomberg database and indicate the extent of CSR information disclosure by French companies. The paper is based on a dynamic generalized method of moments panel estimator that makes it possible to control for unobservable heterogeneity and endogeneity and reduces estimation bias. Findings The findings of this study provide evidence that home region diversity and the presence of Anglo-Americans on a board are positively and significantly associated with ESG disclosure and environmental disclosure, whereas they are negatively associated with social and governance disclosure. Surprisingly, when directors come from European countries, they disclose less ESG and environmental information. Nevertheless, when only French directors are present, the company tends to divulge all dimensions of CSR. Indeed, while there is a significant positive influence of French directors on ESG disclosure, the presence of other European directors displays negative and statistically significant regression coefficients. Research limitations/implications This study may be interesting the French policy makers who can now pay more appropriate attention to directors' nationality or region. Thus, firms should identify the foreign directors who can support their strategy with relevant experience in terms of CSR. This could help to change the opinion of some companies that consider the internalization of the board as a constraint rather than an opportunity. These results will be useful for French-listed companies in setting the criteria for the appointment of foreign directors. It may be interesting to recruit directors across European boundaries. Practical implications This paper attempts to provide a better understanding of the effects of the home regions of directors on CSR disclosure in order to enlighten corporate managers whose companies operate in different cultures given that they have to deal with this aspect. In this international business environment, CEOs should increasingly consider the international CSR experience of directors to be a resource. In addition, this study may be of relevance to French market authorities, which constantly encourage firms to diversify the profiles of directors on their boards and recruit more international members. Originality/value This study is the first to evince that the disclosure of each CSR disclosure score differs depending on the directors' home regions. Unlike previous studies, the authors focused simultaneously on the resource-based view (RBV) and institutional theory.

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Section: Descriptive Statisticscontrasting

confidence: 64%

Section: Preliminary Testsmentioning

confidence: 97%

Board directors' home regions and CSR disclosure: evidence from France

Toumi

Khemiri

Makni

2021

JAAR

Self Cite

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“…The existence of duality (Dual) leads to an increase of 0.409% in Tobin's Q, with a significance level of 1%, indicating that duality is positive for the market performance of family companies. It corroborates Godard (1998), who argue that the same individual in the positions of CEO and chairperson would be an efficient leader for the company, leading to a better performance. García-Ramos and García-Olalla (2011) showed that duality positively affects market performance when descendants manage the company, and, in our sample, Table 5 (conclusion) Analysis of the effect of duality, monitoring, and family participation on the performance of family companies ISSN 1678-6971 (electronic version) • RAM, São Paulo, 24(3), eRAMF230028, 2023 https://doi.org/10.1590/1678-6971/eRAMF230028.en there is a predominance of descendants.…”

Section: Results Analysissupporting

confidence: 76%

“…Regarding duality, the CEO would have the convenience of judging his own attitudes. However, Godard (1998) argues that the accumulation of the CEO and chairperson positions would create a good leader for the company, leading to a better performance, which was confirmed by Ahmadi et al (2018). Duru et al (2016) found that duality had a negative impact on the performance of firms, which was mitigated by the presence of an independent board of directors.…”

Section: Corporate Governance In Family Companiesmentioning

confidence: 93%

“Family business”: Does the family structure affect the performance of listed companies?

Valcanover

Sonza

2023

RAM, Rev. Adm. Mackenzie

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Purpose: This paper sought to verify the influence of family structure on the performance of family companies listed in Brazil between 2010 and 2017. We also analyzed the impact of monitoring and duality on the performance of these companies. Originality/value: The relevance of the study is found mainly in the use of unusual variables, such as the participation of founders and descendants as shareholders, on the boards of directors, and as chief executive officers (CEOs), since it was not possible to identify any study in Brazil that addressed family participation in a fragmented way, separating the effects caused by founders and descendants, giving greater depth to the issue. In addition, it generates interest to the most varied audiences, including shareholders, regulators, analysts, and investors who have a specific interest in how family structures affect the performance of companies. Design/methodology/approach: Data related to shareholders, composition of the boards of directors, executives, family ties, founding families, founders, descendants, and financial performance were used in the research. An unbalanced data panel was analyzed through the generalized method of moments (GMM). Findings: A positive effect of monitoring and duality on the firms’ performance was verified. The impact of family structure on performance was ambiguous. Founders and descendants that were CEOs or were working in management had positive and negative effects on the performance measures. Additionally, the participation of founders on the board of directors negatively impacted the performance. Finally, it was observed that family ownership positively impacts the firms’ performance, suggesting that families look after the companies.

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“…Gender diversity refers to the quest for a certain level of balance in the representation of men and women on the board (Dardour et al 2018;Al Lawati et al 2021). Different behaviours between women and men remain a subject of debate.…”

Section: Gender Diversitymentioning

confidence: 99%

Corporate Governance and CSR Disclosure: International Evidence for the Period 2006–2016

Miniaoui

Chibani

Hussainey

2022

JRFM

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In this paper, the authors examine the impact of corporate governance mechanisms on corporate social responsibility (CSR) disclosure in European and Anglo-Saxon contexts. The study is based on 324 Anglo-Saxon listed corporations and 310 European listed corporations for 11 years from 2006 to 2016 (6813 year-observations). The regression analysis shows that board gender and board age affect CSR disclosure. This study also finds that CEO duality negatively affects CSR disclosure in both contexts. Finally, the study found that the existence of a CSR committee and CSR experts positively affect CSR disclosure in both contexts.

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Composition du conseil d’administration et divulgation d’informations RSE

Cited by 12 publications

References 138 publications

Board directors' home regions and CSR disclosure: evidence from France

Board directors' home regions and CSR disclosure: evidence from France

“Family business”: Does the family structure affect the performance of listed companies?

Corporate Governance and CSR Disclosure: International Evidence for the Period 2006–2016

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