Internal contextual factors influencing the extent of environmental disclosure

Faisal, Faisal; Achmad, Tarmizi

doi:10.1504/ijmfa.2014.066404

Cited by 7 publications

(6 citation statements)

References 63 publications

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“…Consequently, the theoretical recommendation that firms should have a CSR committee to disclose more CSR information may not necessarily be applicable to companies functioning in the Libyan oil and gas sector. Empirically, our finding is consistent with that of Rankin et al (2011), however it contradicts the evidence of positive influence by Ntim and Soobaroyen (2013), and Faisal and Achmad (2014).…”

Section: Descriptive Statistics Of Csrdsupporting

confidence: 64%

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Ownership types, corporate governance and corporate social responsibility disclosures

Alshbili

Elamer

Beddewela

2019

ARJ

102

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Purpose This study aims to examine the extent to which corporate governance structures and ownership types are associated with the level of corporate social responsibility disclosures (CSRD) in a developing country. Design/methodology/approach Multiple regression techniques are used to estimate the effect of corporate governance structures and ownership types on CSRD using a sample of Libyan oil and gas companies between 2009 and 2013. Findings First, the study results suggest that although the level of CSRD in Libya is low in comparison to its western counterparts, ownership factors have a significant positive influence on CSRD. Second, the authors find board meetings to have a positive impact on CSRD. However, the authors fail to find any significant effect of board size and presence of corporate social responsibility (CSR) committees on CSRD. Overall, the results support prior theoretical evidence that pressures exerted by the government and external stakeholders have a considerable influence in promoting firm-level CSRD activities, specifically as a legitimising mechanism in fragile states. Research limitations/implications First, this study is based on the annual reports, and it did not examine any other reports or other mass communication mechanism that companies’ management may use to disclose CSR information. Future studies might consider disclosures in other channels, if any, such as the internet, CSR reports, etc. Additionally, this study adopts the neo-institutional theory perspective. Future studies might integrate multi-theoretical lenses to offer a richer basis for understanding and explaining CSRD determinants. Originality/value This study contributes to the literature by first providing additional evidence for existing studies, which suggest that on average, better-governed companies are more liable to follow a more socially responsible agenda than poorly governed companies as a legitimising mechanism in fragile states. Also, this study overcomes a major weakness in existing Libyan studies, which have mainly used descriptive data.

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Section: Descriptive Statistics Of Csrdsupporting

confidence: 64%

“…Hence, it is expected that firms which have a CSR committee will disclose more CSR information. Given the positive impact of CSR committees on CSRD practices found by prior literature (e.g., Faisal & Achmad, 2014;Ntim & Soobaroyen, 2013), the sixth hypothesis is articulated as follows:…”

Section: Presence Of Csr Committeesmentioning

confidence: 99%

Ownership types, corporate governance and corporate social responsibility disclosures

Alshbili

Elamer

Beddewela

2019

ARJ

102

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“…Thus, in line with legitimacy theory and stakeholder theory, there are indications that CSR committees are not used as a symbolic management tool, yet substantially increase CSR reporting quality. With reference to environmental reporting, there are also indications of a positive impact from CSR committees, according to cross-country studies (Faisal and Achmad 2014) in Turkey (Kilic and Kuzey 2019), Italy (Jaggi et al 2018a) and the UK (Helfaya and Moussa 2017). Berthelot and Robert (2011) found a positive impact from CSR committee size on Canadian firms' environmental reporting.…”

Section: Csr Committees' Impact On Csr Reportingmentioning

confidence: 99%

Do chief sustainability officers and CSR committees influence CSR-related outcomes? A structured literature review based on empirical-quantitative research findings

2020

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Although an increasing amount of empirical research has been linked to the impact of management control and governance on corporate social responsibility (CSR) issues since the financial crisis of 2008/09, heterogeneous results have characterised this research field. Regarding the group level of corporate governance, the efficacy of board committees (e.g., audit, compensation or CSR committees) has been included in recent research designs. However, analyses of corporate governance at the individual level are related to the effects of top management members [e.g., chief executive officer (CEO), chief financial officer (CFO) or chief sustainability officer (CSO)] on CSR outcomes. This paper aims to convey a detailed understanding of sustainable management control’s impact as CSR-related board expertise. In more detail, we focus on the influence of both CSR committees and CSOs on three CSR measures mainly analysed in empirical-quantitative research: (1) CSR reporting; (2) CSR assurance (CSRA); and (3) CSR performance. We motivate our analysis with increased relevance from practical, regulatory and research perspectives, and we employ a systematic literature review of the symbolic vs. substantive effects of sustainability-related board composition. Based on our theoretical model (legitimacy theory, stakeholder theory and upper-echelons theory), we selected 48 quantitative peer-reviewed empirical studies on this research topic. Our analysis shows that CSR committees positively influence CSR reporting and performance. Thus, there are indications that the implementation of a CSR committee is not a symbolic act, but instead substantively contributes to CSR activities. However, in light of inconclusive empirical research results and a lack of studies that have analysed CSO-related effects, a notable research gap has been identified. Moreover, we note the main limitations of prior research in this review and develop an agenda with useful recommendations for future studies.

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“…In addition, stakeholders have been identified as a source of coercive pressures (Midin et al, 2017). Under such conditions, meeting stakeholders' demands is mandatory (Faisal and Achmad, 2014). ACD is a mechanism that can be performed by a company to reduce this pressure.…”

Section: Theoretical Framework and Hypothesis Developmentmentioning

confidence: 99%

The content and determinants of CSR anti-corruption disclosure: the case of public-listed companies in Indonesia

Faisal

Joseph

Saputri³

et al. 2021

JFC

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Purpose This study aims to investigate the content and determinants of the corporate social responsibility (CSR) anti-corruption disclosures (ACDs) of public-listed Indonesian companies using institutional and legitimacy theories. Design/methodology/approach A content analysis method is used to extract the anti-corruption information in the annual reports. This study uses 40 checklist items developed and used by prior studies to measure the extent of CSR ACD. Univariate and multivariate analyses are applied to examine the determinants of ACD. Findings The results show that the disclosure level of anti-corruption is considerably satisfactory at 44.9%. The whistle-blowing theme is the most frequently reported. Size of firm and industry type have significant effects on ACD. Surprisingly, the findings show that government ownership has a negative effect on ACD. Research limitations/implications The study is limited to one year of observation and is therefore unable to capture changes in the level of disclosure due to policy changes. The results of this study help anti-corruption decision-makers by taking into account the company’s legitimacy and isomorphic factors when formulating ACD policies and efforts that could be made to promote greater disclosure of anti-corruption information. Originality/value This study contributes to the discourse of CSR by providing a more comprehensive extent and more determinants of ACD practice in an emerging country from the lens of legitimacy and institutional theories.

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Internal contextual factors influencing the extent of environmental disclosure

Cited by 7 publications

References 63 publications

Ownership types, corporate governance and corporate social responsibility disclosures

Ownership types, corporate governance and corporate social responsibility disclosures

Do chief sustainability officers and CSR committees influence CSR-related outcomes? A structured literature review based on empirical-quantitative research findings

The content and determinants of CSR anti-corruption disclosure: the case of public-listed companies in Indonesia

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