Sustainability Reporting in Family Firms: A Panel Data Analysis

Gavana, Giovanna; Gottardo, Pietro; Moisello, Anna Maria

doi:10.3390/su9010038

Cited by 69 publications

(69 citation statements)

References 106 publications

(170 reference statements)

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“…The dummy variable short-term incentive (STI) and long-term incentive (LTI) are used to indicate the inclusion of respective remuneration incentives for executive directors. Based on previous studies, we control for company size (LNTA), leverage (DE), and profitability (ROA) using the natural log of total asset, debt to equity ratio and return on assets, respectively [38][39][40][41][42][43][44].…”

Section: Methodology and Datamentioning

confidence: 99%

Board Governance and Sustainability Disclosure: A Cross-Sectional Study of Singapore-Listed Companies

Loh

2018

Sustainability

102

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This paper aims to investigate the relationship between board governance and sustainability disclosure in Singapore. Regression analysis is performed using cross-sectional data of Singapore-listed companies to examine the relationship between sustainability disclosure and various board governance factors, including board capacity, board independence, and board incentive. The findings show the presence of significant associations between board governance and sustainability disclosure. In terms of board capacity, companies with larger board sizes and a higher number of board meetings are more likely to practice sustainability reporting, and their reporting qualities are higher. For board independence, the percentage of independent directors positively impacts the firm's reporting probability and quality on sustainability in Singapore. For board incentives, the practice of long-term incentives for executive directors can significantly improve both the probability and quality of sustainability reporting. The study adds to the literature on corporate governance and sustainability disclosure. It provides empirical evidence and guidance for firms and policy-makers in Singapore and beyond on how sustainability disclosure can be improved through robust board governance.

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Section: Methodology and Datamentioning

confidence: 99%

Board Governance and Sustainability Disclosure: A Cross-Sectional Study of Singapore-Listed Companies

Loh

2018

Sustainability

102

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“…This view stresses the strategic nature of the financial statements and related disclosures. As Gavana et al [39] point out, 'Communication plays a fundamental role in recognizing a firm's legitimacy as it informs stakeholders, and society, that organizational behavior is congruent with its values, norms and expectations; non-communication may threaten performance, resource availability and survival'. According to the legitimacy theory, companies with a high commitment to social and environmental issues should be inherently more likely to disclose information on these topics.…”

Section: Theoretical Frameworkmentioning

confidence: 99%

Determinants of Corporate Social Responsibility Disclosure: An Empirical Study of Polish Listed Companies

2017

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Abstract:In this paper we explore whether a number of elements influence the levels of corporate social responsibility (CSR) disclosure in the annual reports of Polish companies. These elements include the following: company size, profitability, financial leverage, industry environmental sensitivity, board size, women on the board, internationalization, and reputation. We use content analysis to determine the quality of CSR disclosures. We test our hypotheses using a Tobit regression analysis on a sample of 60 reports from Polish companies listed on the Warsaw Stock Exchange. We find industry environmental sensitivity to have significant influence on CSR disclosures. Our research findings also reveal a relationship between company turnover, duration of the stock exchange listing, inclusion in the Respect Index portfolio and foreign capital share, and the level of CSR disclosures. This study extends the scope of previous studies by including non-commonly used independent variables: the company's internationalization and reputation. To the authors' knowledge, it is the primary step to investigating CSR reporting practices coupled with the corporate characteristics in a Central and Eastern European country such as Poland. The paper contributes to the understanding of determinants of CSR disclosure and offers findings which are potentially useful for both theory and practice.

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“…To the best of our knowledge, no research has taken into account the effect of the ultimate controlling owner nature on the relationship between EM and CSR disclosure. Prior studies have demonstrated that, relative to their non-family counterparts, family firms exhibit either different CSR disclosure practices [21,22] or attitudes towards earnings management [23,24]; therefore, it is of interest to examine the family effect on the relationship between EM and CSR disclosure, namely employing the latter to mask the former.…”

Section: Introductionmentioning

confidence: 99%

Earnings Management and CSR Disclosure. Family vs. Non-Family Firms

2017

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Building on Institutional theory and Signaling theory, integrated with the socioemotional wealth (SEW) approach, we studied the effect of earnings management (EM) practices on a firm's Corporate Social Responsibility (CSR) disclosure behavior. In so doing, we analyzed a sample of 226 non-financial, family and non-family listed firms for the period, 2006-2015. Our results suggest that family firms, in instances of downward earnings management, are more prone to diverting attention from these practices by means of CSR disclosure, compared to non-family firms, although the level of family ownership exerts a moderating effect. Moreover, we found that a firm's visibility, in terms of size, significantly enhances this behavior and that the effect is higher for family firms.

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Sustainability Reporting in Family Firms: A Panel Data Analysis

Cited by 69 publications

References 106 publications

Board Governance and Sustainability Disclosure: A Cross-Sectional Study of Singapore-Listed Companies

Board Governance and Sustainability Disclosure: A Cross-Sectional Study of Singapore-Listed Companies

Determinants of Corporate Social Responsibility Disclosure: An Empirical Study of Polish Listed Companies

Earnings Management and CSR Disclosure. Family vs. Non-Family Firms

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