Does Institutional Context Affect CSR Disclosure? A Study on Eurostoxx 50

Coluccia, Daniela; Fontana, Stefano; Solimene, Silvia

doi:10.3390/su10082823

Cited by 60 publications

(68 citation statements)

References 97 publications

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“…Similar results were found by Amor‐Esteban et al, (). Coluccia, Fontana, and Solimene () also found that social, political, and legal dimensions put forth important pressure on firms improving the transparency of corporate behavior especially on CSRD. We also extend the traditional agency theory‐based view to an organizational view by examining whether the impact of CG on CSED differs across legal regimes or remains stable.…”

Section: Literature Review and Hypotheses Developmentmentioning

confidence: 97%

The impact of country‐level institutional differences on corporate social responsibility disclosure engagement

Miniaoui

Chibani

Hussainey

2019

Corp Soc Responsibility Env

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We examine the impact of country-level governance and legal system, on corporate social responsibility disclosure (CSRD) engagement. Our analysis evaluates the extent to which they have endured the global financial crisis, as reflected in the CSRD of listed firms. We explore whether CSRD practices are similar or different in organizations from six countries and two different continents corresponding to two different legal systems, corporate governance systems, and accounting models. These factors, among others, may influence the disclosure policy of CSR information. We provide evidence that CSRD increasing effect of country-level governance is more pronounced for companies in the Anglo-American legal and regulatory environment and less pronounced for those in Euro-Continental institutional environment.

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Section: Literature Review and Hypotheses Developmentmentioning

confidence: 97%

The impact of country‐level institutional differences on corporate social responsibility disclosure engagement

Miniaoui

Chibani

Hussainey

2019

Corp Soc Responsibility Env

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“…According to Ortiz and Grado (2016), governance indicators of the World Bank, foreign direct investment significantly influences the corporate sustainability information of countries. Coluccia et al (2018) found that regulatory quality and rule of law were positively related to corporate social responsibility disclosures.…”

Section: Discussion Of Resultsmentioning

confidence: 99%

“…Corporate decisions to engage in sustainability reporting and responsible business operations could be limited by the institutional environment (Adnan et al, 2018;Coluccia, Fontana, & Solimene, 2018;Dagiliene & Nedzinskiene, 2018;Negash & Lemma, 2020). This study explores the relationship between the cumulative sustainability reporting practices of organizations in African countries over the past five years ending in 2017 and institutional factors (macroeconomic, political, and governance variables).…”

Section: Introductionmentioning

confidence: 99%

Corporate Responsibility Reporting in Africa: The Effect of Macroeconomic Indicators and Political Regime

Nwobu

Ngwakwe

2020

Asian Economic and Financial Review

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The main aim of this paper is to empirically assess the relationship between macroeconomic indicators, political regime, and corporate responsibility reporting in African countries. Using ex post facto research design, the paper stands out from previous analyses by including other independent variables, such as regulatory quality, rule of law and government effectiveness in assessing the relationship between corporate responsibility reporting, macroeconomic indicators, and political regime. The population comprises 58 African countries, and the sample is based on 48 African countries. Secondary data was employed to gather information on the variables. The study used a multiple regression model to examine the relationship between foreign direct investment, gross domestic product, inflation, political regime, and corporate responsibility reporting in African countries. The study found an insignificant positive relationship between the number of corporate responsibility reports, political regime, foreign direct investment, gross domestic product, and inflation after applying controls for government effectiveness, regulatory quality, and rule of law. The paper assists in understanding the relationship between political regime, macroeconomic indicators, and corporate responsibility reporting in Africa. Also, an understanding of how institutional factors influence corporate responsibility reporting in African countries could help enforcement institutions, such as the stock exchange, industry regulators and key players that monitor corporate, social, and environmental responsibility issues, to take the necessary steps to improve responsibility reporting provided by organizations in Africa. To conclude, the paper makes a unique contribution to the assessment of the relationship between macroeconomic indicators, political regime, and corporate responsibility reporting. Contribution/Originality: This study contributes to the existing literature on corporate responsibility reporting by using a standard regression estimation methodology. It developed a new formula on the relationship between corporate responsibility reporting, macroeconomic indicators, and political regime, while applying controls for country governance indicators, and is one of very few studies which has investigated this relationship in African countries.

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“…Lehmann and Benner [40] describe the theory and mechanism of the impact of region-specific institutional development on corporate behavior. Coluccia's [41] experimental conclusion shows that the external expansion behavior of SOEs is influenced by different institutional factors and external factors, such as supervision intensity, accounting system norms, external cultural influence, and the attitude of corporate stakeholders. These forces do have a systematic and coercive impact on a company's external expansion.…”

Section: H2b Government Intervention Has a Positive Mediation Effectmentioning

confidence: 99%

“…The firm size was measured by the total number of employees in local SOEs [16,18]. Second, the firm age in this paper was measured by the number of years since the local SOEs were founded [41]. Thirdly, we used a ratio of total debts to total assets to express leverage [11].…”

Section: For Details) Information Regarding Chinese Local Soes' Outwmentioning

confidence: 99%

The Cross-Border Mergers and Acquisitions of Local State-Owned Enterprises: The Role of Home Country Government Involvement

Bao

2020

Sustainability

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Existing literature tends to treat enterprises as a whole when measuring government intervention. However, in Chinese region-specific institutional development, ultimate control (i.e., local government) tends to control multiple enterprises. This paper considers the enterprises controlled by the same ultimate controller as a portfolio, which is used to measure government intervention by comparing the differences of the enterprises in the portfolio. This paper uses the data of Chinese listed local state-owned enterprises (LSOEs). and we assess whether local state ownership benefits or offsets LSOEs’ cross-border mergers and acquisitions (CBM & A) activities. We propose a new measurement of government intervention to explain the mechanisms through which government influences the cross-border mergers and acquisitions of local SOEs. The experimental results show that government intervention and region-specific marketization institutional development negatively moderate the effect of government internationalization subsidies and government intervention on CBM & A separately. However, government internationalization subsidies, government intervention, and region-specific marketization enhance the CBM & A effect of state ownership separately. This study explores the benefits of government involvement in local SOEs. The value of this paper is to provide a novel perspective, including the intermediary effect of government intervention and the market environment.

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Does Institutional Context Affect CSR Disclosure? A Study on Eurostoxx 50

Cited by 60 publications

References 97 publications

The impact of country‐level institutional differences on corporate social responsibility disclosure engagement

The impact of country‐level institutional differences on corporate social responsibility disclosure engagement

Corporate Responsibility Reporting in Africa: The Effect of Macroeconomic Indicators and Political Regime

The Cross-Border Mergers and Acquisitions of Local State-Owned Enterprises: The Role of Home Country Government Involvement

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