Ownership structure and environmental, social and governance performance disclosure: the moderating role of the board independence

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

doi:10.1108/jbsed-07-2021-0094

Cited by 102 publications

(68 citation statements)

References 71 publications

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“…Furthermore, more recent corporate governance regimes have put an extra focus on transparency and fairness, which possibly would lead to good corporate philanthropy practices. In other words, corporate governance has become no longer limited to the rules and regulations used to monitor managerial behavior, but it has also been extended to include issues pertinent to ethics, accountability and transparency to ensure the best interests of stakeholders (Al Amosh and Khatib, 2021a; Michelon and Parbonetti, 2012). Hence, good corporate governance practices call for cultivating relationships that create value for all stakeholders (Welford, 2007; Albitar et al , 2020).…”

Section: Introductionmentioning

confidence: 99%

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: Introductionmentioning

confidence: 99%

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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“…Recent corporate scandals suggest that weak CG leads to fragile institutions and exposes them to severe crises (Al Amosh and Khatib, 2021; Hazaea et al , 2021a). Malaysian corporations are not an exception to that vulnerability, given they were severely affected by both the 1997-1998 Asian financial crisis and 2007-2009 global financial crisis (GFC), largely as a result of weak CG systems.…”

Section: Introductionmentioning

confidence: 99%

The development of corporate governance literature in Malaysia: a systematic literature review and research agenda

Khatib

Elamer

Abdullah

et al. 2022

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Purpose This study aims to provide a comprehensive review of the existing literature on corporate governance (CG) aspects of the Malaysian market. It offers insights into the phases of Malaysian CG, identifies crucial gaps in the literature and outlines an agenda for impending research. Design/methodology/approach Following a systematic literature review approach, a final sample of 125 studies from Scopus and Web of Science databases was used in this study. These studies were selected based on quality assessment criteria. Then, the sample literature was evaluated in terms of journals, methodology, theories, modelling, research outcomes and CG characteristics. Findings The results show that there is a growing interest among researchers to further explore CG aspects in Malaysia due to the continuous development of the Malaysian CG codes. Likewise, the review reveals that the majority of prior studies are quantitative and were carried out using archived data from non-financial firms. Also, the existing literature has primarily focused on the outcomes of CG, especially firm performance. Research limitations/implications Overall, the results show that there is ample room for future research. The present paper identifies a number of methodological problems and concerns, and discusses the implications of these problems, while also providing recommendations for future research. The main caveat is that the authors use scholarly papers published in academic journals only, but this approach offers them with opportunities for considerable further developments. Originality/value To the best of the authors’ knowledge, this study contributes to the literature by being the first of its kind to concentrate on the Malaysian context. It provides a comprehensive knowledge assessment of the Malaysian CG research and offers advice regarding improvements in research, policy and practice by identifying possible knowledge gaps. Consequently, this study provides a cohesive story of the past and a road map for future research on Malaysian CG.

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“…Foreign ownership is one of the crucial control mechanisms to control the transparency of corporate reporting. According to Al Amosh and Khatib (2021), the transfer of expertise from foreign shareholders provides clear guidance to the companies' policies which include disclosure strategy. This is most likely to happen if the foreign investors are from countries with high acceptance and awareness of the adoption of FLI disclosure (Lopes & Coelho, 2018).…”

Section: Discussionmentioning

confidence: 99%

Determinants of Forward-Looking Information Disclosure by Top Malaysian Companies Within a Resource-Based View Framework

2022

MAR

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Ownership structure and environmental, social and governance performance disclosure: the moderating role of the board independence

Cited by 102 publications

References 71 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

The development of corporate governance literature in Malaysia: a systematic literature review and research agenda

Determinants of Forward-Looking Information Disclosure by Top Malaysian Companies Within a Resource-Based View Framework

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