It’s who you know that counts: Board connectedness and CSR performance

Amin, Abu S.; Chourou, Lamia; Kamal, Syed Mainuddin; Malik, Mahfuja; Zhao, Yang

doi:10.1016/j.jcorpfin.2020.101662

Cited by 69 publications

(40 citation statements)

References 98 publications

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“…The resource dependence theory posits that the commitments of managers to CSR activities largely depend on an existing corporate governance mechanism such as independent board of directors, who have incentives to better advise, monitor, to improve access to information and increase influence socially responsible policies (Amin et al , 2020; Hillman et al , 1999). Independent boards are more likely to improve corporate decision-making and increase access to valued resources through sharing of a broader and different range of experience and opinions, oversight and representation of diverse interest groups (Gordon, 2007; Chin-Jung and Ming-Je, 2007; Wang and Dewhirst, 1992).…”

Section: Literature Review and Hypotheses Developmentmentioning

confidence: 99%

Antecedents of corporate social responsibility disclosure: evidence from the UK extractive and retail sector

Wang

Yekini

Babajide

et al. 2022

IJAIM

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Purpose This study aims to examine the level of corporate social responsibility (CSR) disclosure among the UK extractive and retail sectors and consequently ascertain whether corporate board characteristics and firm characteristics can explain observable differences in the extent of CSR disclosure. Design/methodology/approach Based on the KPMG survey 2017, the sample comprises all the firms in the extractive industries, such as mining and oil and gas and also retail industries, such as food and drug retailers and general retailers for the sample period of 2005 to 2018. Findings The findings show that the level of CSR disclosure from extractive sector is much higher than that of their counterparts in retail sector. In addition, the multiple regression results show that CSR disclosure is positively and significantly associated with board gender diversity, board independence, board size. Nevertheless, the results show that board meetings and Chief Executive Officer duality do not have a significant impact on CSR disclosure. Originality/value This study contributes to the existing literature on CSR in that it advances the understanding of the interaction between governance mechanisms and specific firm characteristics of two distinct sectors of the UK economy and how this in turn influences the CSR in the two sectors.

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Section: Literature Review and Hypotheses Developmentmentioning

confidence: 99%

Antecedents of corporate social responsibility disclosure: evidence from the UK extractive and retail sector

Wang

Yekini

Babajide

et al. 2022

IJAIM

View full text Add to dashboard Cite

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“…It may worsen the disciplining effect of expertise and favor CEO's opportunistic behavior. Finally, this model could be adapted to integrate the Environmental and Social issues in order to investigate the monitoring-advising trade-off on the firm's sustainability performance (Burke, 2022;Amin et al, 2020;Harjoto & Wang, 2020;Naciti, 2019;Birindelli et al, 2018).…”

Section: Discussionmentioning

confidence: 99%

Economic Crisis and Corporate Governance: How Can Board Independence and Expertise Maximize the Firm Value?

Crifo¹,

Roudaut²

2022

TEL

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In the context of recurrent crises and the necessity to move to more sustainable firm level changes, this paper analyzes the trade-off between board's dual role of monitoring and advising the CEO, especially relevant for the integration of sustainable development into corporate strategy, depending on board independence and expertise. We propose a theoretical model in which boards may choose to be either monitoring or advisory type towards the CEO. In this framework, the board's incentives to adopt a high monitoring level are nonmonotonically (U-shaped) related to the expertise level. On the other hand, the incentives for an advisory board to discipline the CEO are increasing with expertise, if the business has high opportunity for growth. Finally, under specific parameter values, the model generates a disciplining effect of expertise in the sense that the more expert the board is, the less opportunistic the CEO is. We then test these theoretical results using a dataset on the French 120 largest listed companies over the 2006-2011 period. Empirical evidence reveals that expertise plays a mediating role in the relationship between independence and performance in French firms. Directors' competences for sustainable development hence are likely to play a crucial role for firms to integrate such issues into their core strategy.

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“…The bibliographic coupling graph in Fig. 5 The main topic of interest in this cluster centers around the influence of executive/ director social capital on firm outcomes, including firm performance (Abernethy et al 2019;Joh and Jung 2018), risk-taking (Ferris et al 2017), quality of financial reporting (Intintoli et al 2018;Omer et al 2020), corporate fraud (Kuang and Lee 2017), and CSR (Amin et al 2020).…”

Section: Corporate Elites' Social Capital/connectedness Present and Future Research Themesmentioning

confidence: 99%

“…A central argument in this research is that connectedness within and outside the firm [often operationalized as various network centrality measures (Amin et al 2020;Intintoli et al 2018;Omer et al 2020)] offers executives and directors benefits in the form of access to information (Intintoli et al 2018), power, and career opportunities (Ferris et al 2017), especially under adverse environmental and firm conditions (e.g., uncertainty, financial distress) (Abernethy et al 2019;Amin et al 2020). Yet, social capital also increases sensitivity to reputational damage, prompting directors to either exert greater vigilance in monitoring executive conduct, helping reduce the potential for wrongdoing (Intintoli et al 2018;Omer et al 2020) or help conceal wrongdoing for a longer period and reduce the severity of charges if wrongdoing is detected (Kaung and Lee 2017).…”

Section: Corporate Elites' Social Capital/connectedness Present and Future Research Themesmentioning

confidence: 99%

Research on social relationships and processes governing the behaviors of members of the corporate elite: a review and bibliometric analysis

et al. 2021

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In this paper, we examine the origins and evolution of and main influences on research on within-and between-firm relationships among directors and executives. We conduct a review of the literature supplemented with bibliometric analyses that allow us to examine the complex citation network of publications spanning several decades and multiple disciplines (i.e., management, sociology, economics, accounting, and finance). First, we use main path analysis to uncover the primary paths of knowledge codification and diffusion of the literature on relationships among directors and executives. Next, we conduct bibliographic coupling analysis to map out current themes and developments in the field. In so doing, we provide an integrative framework for research on social processes and relationships of the corporate elite and discuss changes in the field's emphasis on various issues, identifying key theoretical and empirical advances, and offer directions for future research. Scholars and practitioners have raised concerns about problems underlying the presence and use of intra-and inter-firm relationships among members of the corporate elite. Our findings provide a balanced view of the positive and negative influence of intra-and inter-firm relationships of corporate elite members on organizational outcomes.

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It’s who you know that counts: Board connectedness and CSR performance

Cited by 69 publications

References 98 publications

Antecedents of corporate social responsibility disclosure: evidence from the UK extractive and retail sector

Antecedents of corporate social responsibility disclosure: evidence from the UK extractive and retail sector

Economic Crisis and Corporate Governance: How Can Board Independence and Expertise Maximize the Firm Value?

Research on social relationships and processes governing the behaviors of members of the corporate elite: a review and bibliometric analysis

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