The influence of board social capital on corporate social responsibility reporting

Abstract

PurposeThe main objective of this paper is to analyze the influence of multiple directorships, as a critical component of board social capital, on CSR reporting. This study also explores the moderating effect of certain board attributes on multiple directorships.Design/methodology/approachThe authors’ sample is composed of Spanish listed firms in the Madrid Stock Exchange for the period 2011–2017. A dynamic panel data model based on the Generalized Method of Moments (GMMs) is employed.FindingsRelying on a resource dependence view, the authors’ results highlight an ambiguously positive association between multiple directorships and the level of CSR reporting. In particular, this relationship is positively moderated by both board size and gender diversity.Research limitations/implicationsThese findings contribute to academic debates concerning the value of board members intellectual capital. In particular, the authors emphasize the importance of board social capital, as well as the need to consider the context in which directors make decisions.Practical implicationsThis evidence may prove helpful to firms when configuring the board of directors, and for regulators and professionals when refining their legislations and recommendations.Originality/valueTo the best of the authors' knowledge, this is the first study that empirically analyzes the impact of an important element of board social capital, such as multiple directorships, on CSR reporting, which has become crucial in financial markets.

Corporate social responsibility commitment of women directors through audit committees: evidence from international firms

“…In other words, past and recent research shows that leadership and managerial style and behavior of women directors differ from those of their male colleagues (Abbasi et al ., 2020; Ghafoor et al ., 2022; Ud Din et al ., 2021). Female directors on boards seem to persuade executive and independent directors on audit committees to disclose more CSR information, consistent with the results that Reguera-Alvarado and Bravo-Urquiza (2022).…”

“…Scant previous literature exists on the moderating role of female directors on corporate boards (Reguera-Alvarado and Bravo-Urquiza, 2022) and no studies examine the moderating effect that women directors on boards may have on the relationship between executive directors on the audit committee and the attendance at audit committee meetings by directors and CSR disclosure. In this respect, we support the view that the presence of women directors on boards may play a positive moderating role in the relationship between audit committee attributes and the disclosure of CSR information due to their greater sense of social responsibility.…”

Intellectual capital and sustainability practices of manufacturing firms in Uganda

“…In their empirical study of corporate sustainability, Malik, Khan, et al (2020) found that structural capital and sustainability have a strong and significant link. In contrast, Jarrar and Abu-Zaid (2016), in a study of 72 Jordanian companies, found that structural capital did not have a significant impact on corporate social responsibility (CSR) practices.…”

Exploring the mediating role of social capital and pro-social motivation in the relationship between CSR and creative deviance

“…Researchers such as Mokhtarzadeh et al (2020) have stressed the need for organisations to develop supporting processes for improving networking capabilities and building resources for innovation performance. Corporate social responsibility and IC reporting have been connected in the previous literature (Demartini and Paoloni, 2013;Reguera-Alvarado and Bravo-Urquiza, 2022). Researchers have discovered that CSR develops dependable social networks, as well as social capabilities for businesses (Goddard, 2005).…”