Do firm characteristics and ownership structure affect corporate philanthropic contributions in Jordan?

Ananzeh, Husam; Alshurafat, Hashem; Hussainey, Khaled

doi:10.1108/jfra-08-2020-0249

Cited by 38 publications

(65 citation statements)

References 80 publications

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“…Also, family-owned companies are highly prevalent (Abdullatif et al , 2019). In such a setting, family ties tend to influence the appointment of board directors, making it inherently difficult to attain higher transparency due to the low level of board independence (Ananzeh et al , 2021). Moreover, the same holds true for female directors who would be elected based upon family ties to ensure more support for most of management decisions (Ahmad et al , 2018).…”

Section: Institutional Context Of Jordanmentioning

confidence: 99%

Corporate governance and the quality of CSR disclosure: lessons from an emerging economy

Ananzeh

2022

SBR

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Purpose This paper is motivated by the absence of rules that govern the practice of corporate social responsibility disclosure (CSRD). The purpose of this paper is to investigate the corporate governance factors that impact the quality of CSRD. This study further examines the moderating role of family ownership and educational qualifications of female directors on the relation between board gender diversity and CSRD quality. Design/methodology/approach This study adopts a sample of 94 non-financial companies listed on the Amman Stock Exchange to collect data on CSRD based on a checklist of 41 items for seven years from 2010–2016. The quality of CSRD is measured using a four-dimensional method that encompasses relative quantity, disclosure intensity, degree of accuracy and management outlook. Findings This study finds that CSRD quality is far from satisfactory in Jordan. The results also suggest that board size, auditor type, company size and profitability are positively associated with CSRD quality. On the other hand, factors such as chief executive officer duality, board diversity, ownership concentration and financial leverage are negatively associated with CSRD quality. In addition, the results of the empirical analysis suggest that the negative relationship between the quality of CSRD and the presence of female board members is stronger for family-owned companies. By contrast, the negative relationship between the quality of CSRD and the presence of female board members is weakened when the company has more educated, skilled and qualified female directors. Originality/value The originality of this study is manifested in the development of a quantitative measurement of CSRD quality.

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Section: Institutional Context Of Jordanmentioning

confidence: 99%

Corporate governance and the quality of CSR disclosure: lessons from an emerging economy

Ananzeh

2022

SBR

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“…This issue has sparked debate in the literature and is still vital in the business arena. Profitable businesses generate value, employ employees, and strive to be more creative and appealing to potential and current investors (Odusanya et al, 2018;Ananzeh et al, 2021). The importance of this study stems from identifying the internal determinants affecting a firm's profitability and how to develop it.…”

Section: Introductionmentioning

confidence: 99%

The effect of a firm’s internal factors on its profitability: Evidence from Jordan

Dahmash

Salamat

Masadeh

et al. 2021

Investment Management and Financial Innovations

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The aim of this study is to investigate the effect of a firm’s size, asset growth, asset tangibility, and financial leverage on profitability for all listed corporate firms in Jordan using unbalanced panel data (time series and cross-sectional) regression analysis for a sample of 1,663 observations over the period from 2011 to 2018. The overall results show a significant positive effect of a firm’s size and asset growth on profitability. However, asset tangibility presents a significant negative effect on profitability, while financial leverage has an insignificant positive effect on profitability. An analysis of each of the main sectors also point to a consistently positive effect of a firm’s size on profitability, while the results for growth in assets and financial leverage are nearly consistent with overall findings, but not those for asset tangibility. Furthermore, the sub-sample industry analysis reveals mixed results due to the different industry shapes and structures. This study is expected to be of value to firm managers, investors, researchers, and regulators.

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“…Although the concept of CSR has been analyzed in depth in Western countries, there is a dearth of empirical research in developing nations like the MENA region [34]. One of the latest studies examined the determining factors of CSR in 94 Jordanian companies from the manufacturing and service industries [35]. Their findings revealed that (a) company maturity, profitability, and size have positive impacts on CSR participation; (b) a high percentage of debt to assets is a barrier to Jordanian companies' participation in socially responsible activities; (c) family-owned companies have less incentive to engage in CSR activities; and (d) low concentrated ownership and media coverage are also accounted for as drivers of CSR engagement.…”

Section: Middle East and North Africa (Mena)mentioning

confidence: 99%

The Drivers and Barriers of Corporate Social Responsibility: A Comparison of the MENA Region and Western Countries

Alizadeh

2022

Sustainability

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(1) Although numerous articles have been published to address the drivers or barriers of corporate social responsibility (CSR), some parts of the world have received less attention. In this study, I reviewed the literature from 2010 to 2021 to identify drivers and barriers of CSR in the Middle East and North Africa (MENA) region and compare them with the findings in Western countries. (2) Methods: For this study, I used a structured literature review method. By setting the inclusion and exclusion criteria, only 28 articles remained from the selected database. (3) Results: The findings revealed that some CSR drivers, such as leadership styles, profitability, reputation, moral commitment, and environmental conservation, are common in both regions. There are also some differences between CSR drivers, for example, religious beliefs, low concentration of ownership, and company characteristics are some of the drivers in the MENA region. Maintaining social license to operate, and avoiding the risks of community opposition, pressure from the government, and consumer demand tend to be more important in Western countries. Common barriers in both regions are lack of financial resources, cost, lack of CSR knowledge and awareness, and ownership concentration. This review also highlighted that lack of law enforcement, lack of stakeholder communication, lack of management commitment, lack of interests, corruption, and financial debts are some of the barriers of CSR addressed in the MENA region, whereas cost/benefit ratio, lack of customer interest, and lack of scientific frameworks are special barriers in Western countries. (4) Conclusions: Although researchers in Western countries have more focus on the energy sector, there is a lack of research about the drivers and barriers of CSR in the MENA region in several industries, including oil and gas.

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Do firm characteristics and ownership structure affect corporate philanthropic contributions in Jordan?

Cited by 38 publications

References 80 publications

Corporate governance and the quality of CSR disclosure: lessons from an emerging economy

Corporate governance and the quality of CSR disclosure: lessons from an emerging economy

The effect of a firm’s internal factors on its profitability: Evidence from Jordan

The Drivers and Barriers of Corporate Social Responsibility: A Comparison of the MENA Region and Western Countries

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