Corporate governance and voluntary disclosure in Kuwait

Al‐Shammari, Bader; Al-Sultan, Waleed

doi:10.1057/jdg.2010.3

Cited by 115 publications

(92 citation statements)

References 47 publications

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“…The presence of an audit committee is reported to be correlated positively and significantly with the level of CSRD (Said et al, 2009;Al Shammari & Al Sultan, 2010;Khan et al, 2013).…”

Section: Board Structure (H4 and H5)mentioning

confidence: 99%

Corporate Governance Effects on Social Responsibility Disclosures

Dias

Rodrigues

Craig

2017

AABFJ

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This study uses stakeholder theory to explore how corporate governance [CG] characteristics influence corporate social responsibility disclosure [CSRD] in the context of a global financial crisis [GFC]. Empirical data are drawn from Portugal, a country strongly affected by the GFC. Portuguese companies are characterized by high ownership concentration. The largest shareholder is often the CEO and Board Chair (a phenomenon known as CEO duality). We analyse the association between CSRD (measured by a 40-item disclosure index) and CG variables (board size, CEO duality, board independence, ownership concentration and presence of an audit committee or CSR committee) for 48 of the 51 listed companies in Portugal. The control variables are company size and industry type.We find that CSRD is affected positively by board size, CEO duality, company size and industry type. This accords with suggestions implicit in stakeholder theory that a larger board will represent a broader diversity of stakeholders and will promote better monitoring, more assertive stakeholder management, greater transparency, and increased levels of CSRD. Larger companies and companies close-to-consumers are associated with high levels of CSRD, ostensibly because they are more visible and subject to greater societal monitoring during a period of financial crisis. We reveal that in a country characterized by high ownership concentration, CEO duality has a positive effect on CSRD. [GFC]. Empirical data are drawn from Portugal, a country strongly affected by the GFC. Portuguese companies are characterized by high ownership concentration. The largest shareholder is often the CEO and Board Chair (a phenomenon known as CEO duality). We analyse the association between CSRD (measured by a 40-item disclosure index) and CG variables (board size, CEO duality, board independence, ownership concentration and presence of an audit committee or CSR committee) for 48 of the 51 listed companies in Portugal. The control variables are company size and industry type.We find that CSRD is affected positively by board size, CEO duality, company size and industry type. This accords with suggestions implicit in stakeholder theory that a larger board will represent a broader diversity of stakeholders and will promote better monitoring, more assertive stakeholder management, greater transparency, and increased levels of CSRD. Larger companies and companies close-to-consumers are associated with high levels of CSRD, ostensibly because they are more visible and subject to greater societal monitoring during a period of financial crisis. We reveal that in a country characterized by high ownership concentration, CEO duality has a positive effect on CSRD. JEL Classification: M14

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“…The presence of an audit committee is reported to be correlated positively and significantly with the level of CSRD (Said et al, 2009;Al Shammari & Al Sultan, 2010;Khan et al, 2013).…”

Section: Board Structure (H4 and H5)mentioning

confidence: 99%

Corporate Governance Effects on Social Responsibility Disclosures

Dias

Rodrigues

Craig

2017

AABFJ

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“…The theory supporting this study is the agency theory which will measure the study hypotheses regarding the relationship between corporate governance and voluntary disclosure in the companies listed in Bahrain Bourse. Many previous studies have employed the theoretical framework of the agency theory in their research (Al-Shammari and Al-Sultan, 2010;Bouaziz, 2014;Gandia, 2008;Saha and Akter, 2011). The agency theory suggests that the corporate control system should influence the organisations' environment in order to constrain the conflict of interest practiced by the management.…”

Section: Research Problemmentioning

confidence: 99%

Corporate governance and voluntary disclosure: evidence from Bahrain

Maskati¹,

Hamdan

2017

IJEA

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This study examined the relationship between corporate governance and voluntary disclosure. The study used a cross-sectional data for the year 2013 of 41 firms listed on Bahrain Bourse. Multiple regression approach was incorporated. The study found that the governance level was 47.1%. Voluntary disclosure percentage was found to be 51.1% in Bahrain Bourse which is considered high compared to previous studies. The results of the study test indicate that there is a positive relationship between the principals: ownership of the largest shareholder, size of the board of directors and independency of board of directors with voluntary disclosure, and that there is no relationship between ownership of the three largest shareholders and voluntary disclosure.Reference to this paper should be made as follows: Al Maskati, M.M. and Hamdan, A.M.M. (2017) 'Corporate governance and voluntary disclosure: evidence from Bahrain', Int.

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“…Al Shammari and Al Sultan (2010) investigate the relationship between corporate governance characteristics and corporate voluntary disclosure in the annual reports of 170 Kuwaiti companies listed on the Kuwait Stock Exchange in 2007. They first identify four major corporate governance characteristics: proportion of non-executive directors to total number of directors on the board; proportion of family members to total number of directors on the board; role duality; and a voluntary audit committee.…”

Section: Journal Of Public Administration and Governancementioning

confidence: 99%

“…For example, Chau and Gray (2010), Samah and Dahawy (2010) find a positive relationship between independent board of directors and corporate disclosure. Meanwhile, Al Shammari and Al Sultan (2010) find no relationship between board independence board of directors and corporate voluntary disclosure that lead us to investigate the impact of culture and socio economic on the relationship between independent board of directors and disclosure using different kind of disclosure measure. Hasan et al (2013) find no relationship between board size and corporate disclosure.…”

Section: Board Of Directorsmentioning

confidence: 99%

The association between corporate governance and corporate disclosure: A critical review

Omran¹,

Abdelrazik

2013

jpag

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This study provides a critical review of different techniques used in recent accounting literature to investigate the association between corporate governance and corporate disclosure. Therefore, the main purpose of this study is to help future researchers to identify examples and to select suitable practices or to develop their own ones. It also provides contest of current issues related to the relationship between corporate disclosure and corporate governance and identifies gaps in the current literature that future research may aim to cover. The study examines 34 articles published during the 2007-2013 period. The review of these articles concludes that most of these published studies examined the association between corporate disclosure and one or more of board of directors, ownership construction and audit firm. The current study suggests that researchers can also examine the association between internal audit quality as an internal governance and corporate disclosure. The study reveals that researchers used a disclosure index and content analysis to measure corporate disclosure. However, other techniques can be applied as management earning forecast and the number of analysts.

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Corporate governance and voluntary disclosure in Kuwait

Cited by 115 publications

References 47 publications

Corporate Governance Effects on Social Responsibility Disclosures

Corporate Governance Effects on Social Responsibility Disclosures

Corporate governance and voluntary disclosure: evidence from Bahrain

The association between corporate governance and corporate disclosure: A critical review

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