The complementarity between corporate social responsibility disclosure and institutional investor in Jordan

Purpose From a hospitality and tourism perspective, the purpose of this study is to analyse the case of Jordan by looking at the implementation of corporate social responsibility (CSR) practices in the hospitality industry and their contribution to the management of the pandemic crisis, with a special focus on large hotels. Design/methodology/approach The method focuses on a qualitative study based on ten in-depth interviews with senior managers of five-star hotels in Jordan, fully used as quarantine facilities during the COVID-19 pandemic. Findings The study reveals how and why the implementation of CSR practices contributes to the crisis management in Jordan, also highlighting the role of the managers and the hotels’ organizational cultures. Originality/value Drawing from the unique case of Jordan, to the best of the authors’ knowledge, this is the first study which analyses the close relationships between crisis and hospitality management from a CSR perspective, and the impact of organizational cultures and ethical strategies on local stakeholders.

Section: Discussionmentioning

confidence: 82%

Hospitality management in times of crisis: a corporate social responsibility perspective

Alsheyab

Filimon

Fusté‐Forné

2023

“…The current study addresses this pressing need by extending the Arab-Islamic management research in the field of CSR (Daas and Alaraj, 2019;Hassan and Harahap, 2010;Zafar and Sulaiman, 2020) and business ethics (Düs mezkalender et al, 2020;Rana and Malik, 2016;Toumi, 2019;Zainuldin et al, 2018). The present research goes beyond inquiries into managerial perceptions of the relationship between CSR and business ethics in one country (El Haddad and Menassa, 2015a) to make several novel empirical, theoretical and practical contributions.…”

Section: Introductionmentioning

confidence: 95%

Comparative CSR decision-making in the Middle East: an exploratory study

Haddad

Bachkirov

Grishina³

2021

Purpose This study aims to explore the commonalities and differences of corporate social responsibility (CSR) perceptions among business leaders in Oman and Lebanon, two Middle Eastern countries forming a comparative dyad with a high level of cultural variance within the Arab cluster. Design/methodology/approach Semi-structured interviews were used to elicit qualitative data that were analyzed by means of multilevel analysis. Findings The findings provide empirical evidence that CSR is a powerful factor in managerial decision-making in the Middle East with the national cultures of Oman and Lebanon exerting partially differing effects on CSR decision-making. Practical implications The study enlightens practicing managers and policymakers in terms of the salience of multiple actors’ influence on CSR decision-making processes and the responses they may receive when developing and implementing CSR initiatives in the Middle East. Originality/value The study proposes a seven nodal model, which captures the flow of CSR decision-making in the research contexts.

“…The association between institutional ownership and disclosures practices has been examined in previous studies (Bushee and Noe, 2000; Haniffa and Cooke, 2002; Mangena and Pike, 2005; Barako et al , 2006; Daas, and Alaraj, 2019); however, the empirical evidence is mixed. Ebrahim and Fattah (2015) reported a significant positive relationship between institutional ownership and the compliance level in Egypt.…”

Section: Literature Review and Hypotheses Developmentmentioning

confidence: 99%

Corporate governance and compliance with AAOIFI governance standards by Islamic banks

Mnif

Tahari

2020

Purpose This study aims to examine the effect of the main corporate governance characteristics on compliance with accounting and auditing organisation for Islamic financial institutions’ (AAOIFI) governance standards’ (GSs) disclosure requirements by Islamic banks (IB) that adopt AAOIFIs’ standards in Bahrain, Qatar, Jordan, Oman, Syria, Sudan, Palestine and Yemen. Design/methodology/approach The sample consists of 486 bank-year observations from 2009 to 2017. Findings The findings reveal that compliance with AAOIFIs’ GSs’ disclosure requirements is positively influenced by the audit committee (AC) independence, AC’s accounting and financial expertise and industry expertise, auditor industry specialisation, IB’s size and IB’s listing status. On the other hand, it is negatively influenced by the ownership concentration. Research limitations/implications This study has only examined compliance with AAOIFI’s GSs’ disclosure requirements and has focussed on one major sector of the Islamic financial institutions (which is IB). Practical implications The findings are useful for various groups of preparers and users of IBs’ annual reports such as academics and researchers, accountants, management of IBs and some organisations. Originality/value While the study of the AAOIFIs’ standards has grown contemporary with considerable contributions from scholars, however, the majority of these studies are descriptive in nature. Indeed, the existing literature that has explored the determinants of compliance with AAOIFI’s standards is in the early research stage. To the best of the knowledge, there is a paucity of empirical research testing this issue.