Politicians ‘on Board’: Do Political Connections Affect Banking Activities in Italy?

Casellato, Alessandro; Farina, Vincenzo; Gon, Abhishek; Parisi, Antonio

doi:10.1111/j.1740-4762.2012.01032.x

Cited by 60 publications

(91 citation statements)

References 34 publications

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“…Carretta et al . () and Karpoff et al . () document a negative empirical relationship between a firm's financial outcome and corruption.…”

Section: Hypothesis Developmentmentioning

confidence: 99%

“…Several prior studies have shown that firms' financial performance is associated with their tendency to engage in corrupt activities. Carretta et al (2012) and Karpoff et al (2014) document a negative empirical relationship between a firm's financial outcome and corruption. Garmaise and Liu (2005), Lyon and Maher (2005), and Spencer and Gomez (2011) find that firms operating in a corrupt environment are vulnerable to greater financial risk.…”

Section: Hypothesis Developmentmentioning

confidence: 99%

“…Economic, political, and cultural factors have been identified as influencing corrupt activities on a country level (Mauro, 1997;Svensson, 2005). Yet firmlevel studies on the impact of firm-level factors on corruption are largely missing from the picture (Cosenz and Noto, 2014;de Jong and van Ees, 2014;Donadelli et al, 2014) or based on empirical analyses of corporate corruption in one single country (Carretta et al, 2012;de Jong et al, 2015;Luo, 2011;Nguyen and van Dijk, 2012;Ravenda et al, 2015). One reason for the focus on macro-rather than firm-level studies is the availability of corruption measurements.…”

Section: Introductionmentioning

confidence: 99%

See 2 more Smart Citations

Corruption, Corporate Social Responsibility and Financial Constraints: International Firm‐level Evidence

Lopatta

Jaeschke

Tchikov

et al. 2016

European Management Review

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This study examines the relationship between firm‐level factors including corporate social responsibility (CSR) performance and financial constraints, and the firm‐level risk of corruption. Facing a measurement challenge referring to firm‐level risk of corruption, we define a corruption score based on corporate disclosures of corrupt activities. We show that, first, CSR performance is negatively related to the risk of corporate corruption. Second, a firm's vulnerability to financial constraints is positively related to the risk of corporate corruption. Third, the effects are particularly strong for firms with low board independence. Finally, we contribute to prior literature by developing the first firm‐level corruption score that is not only robust to prevalent corruption indices but is also applicable to any dataset and can be used for future research on firm‐level corruption. Moreover, the study provides new empirical evidence on firm‐level determinants that relate to corporate corruption risk.

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“…Carretta et al . () and Karpoff et al . () document a negative empirical relationship between a firm's financial outcome and corruption.…”

Section: Hypothesis Developmentmentioning

confidence: 99%

Section: Hypothesis Developmentmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

See 1 more Smart Citation

Corruption, Corporate Social Responsibility and Financial Constraints: International Firm‐level Evidence

Lopatta

Jaeschke

Tchikov

et al. 2016

European Management Review

View full text Add to dashboard Cite

show abstract

“…Political background has been directly related to CSR in previous studies focusing on chief executive officers (CEOs) (Li, Xianzhong, & Huiying, 2015;Petrenko, Aime, Ridge, & Hill, 2016), chairmen (Zhang, Marquis, & Qiao, 2016), or members of the board (Carretta, Farina, Gon, & Parisi, 2012). Political background has been directly related to CSR in previous studies focusing on chief executive officers (CEOs) (Li, Xianzhong, & Huiying, 2015;Petrenko, Aime, Ridge, & Hill, 2016), chairmen (Zhang, Marquis, & Qiao, 2016), or members of the board (Carretta, Farina, Gon, & Parisi, 2012).…”

Section: Introductionmentioning

confidence: 99%

“…Thus, in an attempt to bridge the aforementioned research gap, our study provides empirical evidence on how some characteristics of independent directors related to diversity, more specifically their political and educational background, help explain why companies report on CSR following the GRI guidelines. Political background has been directly related to CSR in previous studies focusing on chief executive officers (CEOs) (Li, Xianzhong, & Huiying, 2015;Petrenko, Aime, Ridge, & Hill, 2016), chairmen (Zhang, Marquis, & Qiao, 2016), or members of the board (Carretta, Farina, Gon, & Parisi, 2012). Similarly, previous studies have considered the education of CEOs (Lewis, Walls, & Dowell, 2014) or directors (Rahman & Bukair, 2013;Yasser, Mamun, & Ahmed, 2017).…”

Section: Introductionmentioning

confidence: 99%

Independent directors' background and CSR disclosure

Gago

García

Antolín

2018

Corp Soc Responsibility Env

167

112

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This paper extends research on how the background of independent directors may affect the way in which their companies disclose information about corporate social responsibility (CSR). Using a sample of 83 Spanish-listed firms over the period 2009-2014, the findings of a random effects probit model suggest that, in addition to board independence, having independent directors with political backgrounds and diverse education has a positive impact on their firm's probability of issuing a CSR report following the standards of the Global Reporting Initiative.

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Environmental attitude in the board. Who are the “green directors”? Evidences from Italy

et al. 2021

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Board members' attitudes towards environmental protection are an important antecedent of how companies define and implement sustainability initiatives, but little is known about directors' attitudes and the factors associated with these. Using survey data on Italian board members, the research sought to explore the relationships between these individual's personal attributes, especially those related to their roles on boards, and their attitudes towards environmental protection. The findings suggest that female directors, directors with financial background, and independent directors are positively related to attitudes towards environmental protection. In the financial sector, younger board members and risk committee members show stronger environmental attitudes. The results could be of interest to policymakers because the board member attributes identified may require a stronger regulatory focus in order to achieve public policy's environmental protection objectives and to governance bodies in terms of defining board committees' composition and selecting “green directors” oriented towards environmental issues.

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Politicians ‘on Board’: Do Political Connections Affect Banking Activities in Italy?

Cited by 60 publications

References 34 publications

Corruption, Corporate Social Responsibility and Financial Constraints: International Firm‐level Evidence

Corruption, Corporate Social Responsibility and Financial Constraints: International Firm‐level Evidence

Independent directors' background and CSR disclosure

Environmental attitude in the board. Who are the “green directors”? Evidences from Italy

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