Corporate and managerial characteristics as drivers of social responsibility disclosure by state-owned enterprises

Sánchez, Raquel Garde; Bolívar, Manuel Pedro Rodríguez; Hernández, Antonio Manuel López

doi:10.1007/s11846-016-0199-7

Cited by 84 publications

(100 citation statements)

References 112 publications

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“…In this vein, SOEs can be considered particularly interesting as such organisations "constitute an important sector in different countries, and their response to existing and future challenges can greatly influence the development (not only economic growth) of many regions in the planet" [55] (p. 207). Moreover, SOEs can be seen as instruments used to correct market failures or promote economic development; thus, such organisations represent an example for society in the way they act [56]. Accordingly, to legitimise their actions, SOEs may manage these pressures, increasing their transparency and accountability level about financial and non-financial information [8,54].…”

Section: Theoretical Backgroundmentioning

confidence: 99%

Integrated Reporting and European State-Owned Enterprises: A Disclosure Analysis Pre and Post 2014/95/EU

2020

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The European Directive 2014/95/EU regulating the disclosure of non-financial information for public interest organisations is enjoying its first years since entering into force in 2017. The emerging of social, environmental and sustainability issues in combination with the New Public Management (NPM) reforms, led public sector entities to huge demands of accountability. Long time before the European Union Directive (EUD) on non-financial information, public sector entities were pushed to demonstrate to a broad range of stakeholders how public resources are used. Accordingly, the stakeholders’ increasing demand for social and environmental information has encouraged the adoption of different types of reports by organisations, such as the Corporate Social Responsibility (CSR) Report, Sustainability Reporting (SR) and the Integrated Report (IR).In the context of State-Owned Enterprises (SOEs), the disclosure of non-financial information gains a pivotal relevance as these type of organisations face a more comprehensive range of stakeholders than private organisations. In this vein, the present paper aims to investigate whether the mandatory disclosure directive increased the level of information provided by SOEs issuing an IR between the years 2016 and 2017 in order to demonstrate whether a mandatory regulation leads to higher disclosure.

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Section: Theoretical Backgroundmentioning

confidence: 99%

Integrated Reporting and European State-Owned Enterprises: A Disclosure Analysis Pre and Post 2014/95/EU

2020

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“…In regard to managers' characteristics, Tang, Qian, Chen, and Shen () found that a CEO's hubris is not conducive to the implementation of CSR. Garde Sanchez, Rodriguez Bolivar, and Lopez Hernandez () comprehensively analysed the impact of various characteristics of managers on the disclosure of CSR information (including age, gender, and CSR education profiles). García‐Sánchez, Hussain, and Martínez‐Ferrero () indicated that CEO ability can significantly enhance firms' CSR performance.…”

Section: Literature Review and Hypothesis Developmentmentioning

confidence: 99%

Social trust and corporate social responsibility: Evidence from China

Chen

Wan

2019

Corp Soc Responsibility Env

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Based on neo‐institutional theory, this paper examines whether social trust can influence corporate social responsibility (CSR). Using a sample of 4,209 observations selected from 788 firms listed in China between 2008 and 2015 and adopting an ordinary least square regression, we provide strong empirical evidence showing that social trust is positively associated with CSR. The result supports the view that social trust, as a kind of socially normative force, helps corporate managers safeguard stakeholders' interests by engaging in socially responsible activities. Our result holds after applying a series of robustness tests. We further find the positive relationship between social trust and CSR is more pronounced for state‐owned companies. This paper is one of the first to focus on and examine the relationship between social trust and CSR, and the findings contribute to our understanding of the determinants of CSR and highlight the influential role of social trust in improving CSR.

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“…Barić (3) studied the impact of corporate social value on stakeholders and proposed that when a company assumes social responsibility and contributes to the society, all stakeholders can continue to provide motivation and support for the corporate development to achieve mutual promotion and coordinated development of the community of interests. Garde Sánchez et al (4) demonstrated the impact of CSR information disclosure on state-owned enterprises. The results showed that the size of a state-owned enterprise, the CSR of an industry, and managers are the most important factors affecting the online disclosure of CSR information.…”

Section: Literature Reviewmentioning

confidence: 99%

Impact of China's Vaccine Incidents on the Operational Efficiency of Biopharmaceutical Companies

Chai

Tao

Chang

et al. 2020

Front. Public Health

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Objectives: This study aims at (1) analyzing the 15 representative biopharmaceutical companies in China before and after the vaccine incidents during the transition period of China's economy, using financial indicators as a proxy for corporate operational efficiency and corporate social responsibility (CSR); (2) analyzing the factors influencing business operational efficiency, and providing a future development strategy for the pharmaceutical industry to better fulfill its social responsibility by studying the relationship between business operational efficiency and social responsibility performance; and (3) conducting a comprehensive analysis of the results of this study, and providing relevant recommendations for biopharmaceutical companies to fulfill their social responsibilities and ensure a high quality of products. Methods and Data: The panel data regression evaluates whether a biopharmaceutical company's social responsibility has an impact on its operational efficiency. A part of the data used in this study is obtained from the quarterly and annual financial statements of biopharmaceutical companies, while other relevant data are obtained from the China Stock Market & Accounting Research (CSMAR) database. Results: A comprehensive regression analysis of the rate of return on total assets shows that the vaccine incidents have made biopharmaceutical companies pay more attention to CSR, as actively taking social responsibility will help establish a better corporate image and form, and increase the operating efficiency. Conclusion: According to the current state of development in China, the size of a company has a positive impact on the improvement of its social responsibility and operational efficiency. The larger the company, the more attention it pays to shareholders and consumers, and the stronger its sense of responsibility to employees and society. By actively undertaking CSR activities, a company will get more support from shareholders, employees, and consumers, and will also enhance the corporate reputation. Biopharmaceutical companies actively undertake social responsibilities toward the government, employees, and shareholders, which will, to some extent, increase the public's trust in drug safety and have different degrees of impact on the overall efficiency of the company.

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Corporate and managerial characteristics as drivers of social responsibility disclosure by state-owned enterprises

Cited by 84 publications

References 112 publications

Integrated Reporting and European State-Owned Enterprises: A Disclosure Analysis Pre and Post 2014/95/EU

Integrated Reporting and European State-Owned Enterprises: A Disclosure Analysis Pre and Post 2014/95/EU

Social trust and corporate social responsibility: Evidence from China

Impact of China's Vaccine Incidents on the Operational Efficiency of Biopharmaceutical Companies

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