Corporate governance and voluntary disclosure of sustainability performance: the case of Jordan

Amosh, Hamzeh Al; Khatib, Saleh F. A.

doi:10.1007/s43546-021-00167-1

Cited by 63 publications

(45 citation statements)

References 81 publications

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“…In other words, having more independent directors set in the board can increase the amount of donations while it does not have an impact on the intensity of donations. An effective function of management overseeing can be achieved through a higher representation of independent directors on the board (Chau and Gray, 2010), thereby entailing better corporate governance practices (Al Amosh and Khatib, 2021b). This can lead the company to adopt a corporate philanthropic giving program to foster value-added relationships with stakeholders (Chang et al , 2017).…”

Section: Resultsmentioning

confidence: 99%

“…Our study used aggregate indicators (governance pillar score) and separate indicators (board size, board independence, audit committee independence, is the board gender diversity, CSR committee, CEO duality). Besides, studies have been conducted in many countries globally; the studies included international samples (Harris et al, 2015), other studies were conducted in Pakistan (Majeed et al, 2015;Sharif and Rashid, 2014), studies in Jordan (Al Amosh and Khatib, 2021b), studies in Latin America (Husted and de Sousa-Filho, 2019) and Bangladesh (Rouf and Hossan, 2021). Moreover, studies have been conducted on different economic sectors; studies have been done on Effect of corporate governance quality nonprofit companies (Harris et al, 2015).…”

Section: Literature Review and Hypotheses Developmentmentioning

confidence: 99%

“…Moreover, studies have been conducted on different economic sectors; studies have been done on nonprofit companies (Harris et al , 2015). Banking sector (Rouf and Hossan, 2021; Sharif and Rashid, 2014) listed companies (Majeed et al , 2015) and industrial companies (Al Amosh and Khatib, 2021b).…”

Section: Literature Review and Hypotheses Developmentmentioning

confidence: 99%

“…Their role as directors is independent, and they do not have any personal interest in the company (Albitar, 2015; Sial et al , 2019; Bansal et al , 2018). Thus, in contrast to insider directors, a high representation of independent directors in the board is advantageous as it allows the board to oversee management in an objective manner (Chau and Gray, 2010), thus signaling the existence of an effective corporate governance system (Al Amosh and Khatib, 2021b). Accordingly, the appointment of more independent directors to the board of directors may enable the company to pursue value-adding relationships by implementing more agendas to respond to stakeholders’ demands (Chang et al , 2017).…”

Section: Literature Review and Hypotheses Developmentmentioning

confidence: 99%

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The effect of corporate governance quality and its mechanisms on firm philanthropic donations: evidence from the UK

Ananzeh

Amosh

Albitar

2022

IJAIM

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Purpose This paper aims to investigate whether and how better corporate governance practices can lead to philanthropic behavior among companies in the UK. In particular, this study attempts to determine whether corporate governance quality in general, as well as its specific mechanisms, affects corporate giving. Design/methodology/approach The analysis is based on a sample of Financial Times Stock Exchange All-Share nonfinancial companies. Data on firm donations, including donations amount and donations intensity, were manually collected from companies’ annual reports for the period 2018–2020. This paper uses panel data models to examine the research hypotheses. Findings The results of this study indicate that both donations amount and donations intensity are positively associated with the practice of better corporate governance. Board independence is positively associated with donations amount, but not with the intensity of donations. Furthermore, board size, board gender diversity and the establishment of a corporate social responsibility (CSR) committee are likely to have a positive impact on the amount and the intensity of firms’ donations. However, neither the chief executive officer board membership nor the audit committee’s independence is related to the firm’s donations. Practical implications This study sheds light on specific governance factors that affect firm donations in the context of UK companies. This allows regulators and legislators to evaluate the donations activities in the country and issue more directives to reinforce corporate governance practices that support corporate donations. In addition, the findings of this study are considered crucial to investors who prefer investing in companies with significant CSR-related activities to improve the value relevance of their investments. Originality/value This study provides a shred of unique evidence on the impact of corporate governance practices on firms’ donations.

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Section: Resultsmentioning

confidence: 99%

Section: Literature Review and Hypotheses Developmentmentioning

confidence: 99%

Section: Literature Review and Hypotheses Developmentmentioning

confidence: 99%

Section: Literature Review and Hypotheses Developmentmentioning

confidence: 99%

See 2 more Smart Citations

The effect of corporate governance quality and its mechanisms on firm philanthropic donations: evidence from the UK

Ananzeh

Amosh

Albitar

2022

IJAIM

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“…The quality of audit reports might be affected by audit fees [18][19][20]. Dependng on the complexity of the service, whenever more fees are paid, the performance by auditing experts is expected to be better [21].…”

Section: -1-audit Feesmentioning

confidence: 99%

Impact of the COVID-19 Pandemic on Audit Quality: Lessons and Opportunities

et al. 2022

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This study aims to identify the impact of COVID-19 on audit quality based on the investigation of three auditing aspects, namely: audit fees, audit procedures, and auditors' salaries in Saudi Arabia and Yemen. For data collection, fifty-five (55) questionnaires were distributed to internal auditors, external auditors, managers of audit offices, and financial managers. Eleven managers of audit offices and auditors were interviewed. A descriptive, regression analysis, and T-test were used. The study results reveal that the audit quality has been significantly affected due to the devastating effect of COVID-19 on audit fees, audit procedures, and audit staff salaries. In addition, the results show that Yemen is severely affected due to several factors, which include a lack of modern auditing systems. Also, private ownership of establishments and the absence of laws for determining audit fees negatively impacted the audit quality. Being the first of a practical kind, this study provides a significant contribution to the existing literature on the impact of COVID-19 on the quality of auditing. This would be useful for corporations, audit offices, auditors, and researchers. Moreover, this study can bridge the identified research gap on this topic and provide empirical evidence about the impact of COVID-19 on audit quality. Doi: 10.28991/esj-2022-SPER-06 Full Text: PDF

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COVID‐19 impact, financial and ESG performance: Evidence from G20 countries

Amosh

Khatib

2023

Bus Strat Dev

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During the pandemic, all countries of the world were affected by a health pandemic was the largest in the twenty‐first century, which affected the performance of companies and put them in a difficult situation with the escalation of uncertainty. Our study evaluates the impact of the COVID‐19 pandemic on firms' financial performance and the moderating role of environmental, social, and governance (ESG) performance in this relationship. Based on a large international panel dataset that includes nine countries from G20 extracted from the Thomson Reuters EIKON database for the period from 2016 to 2021, a set of statistical analyses was applied, including descriptive statistics, correlation matrix, fixed effect regression, and robust regression using GMM model. The findings indicate that the pandemic negatively affected financial performance significantly, while the performance of ESG limits this effect. Thus, companies engaged in ESG activities are the least affected during the pandemic. Fulfilling stakeholders' demands enhances companies' performance during crises and corporate directors' resort to maintaining the performance of ESG as one of the effective strategies during the crisis to reduce the impact of COVID‐19 on financial performance. This study shows that compliance with ESG issues can mitigate negative financial impacts during crises and that while implementing ESG practices is costly, it satisfies stakeholders and generates financial gains for companies. Theoretically, we directed the theoretical lens to research through crisis and stakeholder theories to explain events.

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Corporate governance and voluntary disclosure of sustainability performance: the case of Jordan

Cited by 63 publications

References 81 publications

The effect of corporate governance quality and its mechanisms on firm philanthropic donations: evidence from the UK

The effect of corporate governance quality and its mechanisms on firm philanthropic donations: evidence from the UK

Impact of the COVID-19 Pandemic on Audit Quality: Lessons and Opportunities

COVID‐19 impact, financial and ESG performance: Evidence from G20 countries

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