Voluntary corporate governance disclosure and bank performance: evidence from an emerging market

Nobanee, Haitham; Ellili, Nejla Ould Daoud

doi:10.1108/cg-12-2020-0535

Cited by 18 publications

(22 citation statements)

References 65 publications

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“…In addition, the high financial performance encourages the company is being highly socially responsible to obtain financial gains later on. More recently, several studies have examined the extent of other types of non-financial disclosures such as: environmental disclosure (Alipour et al , 2019; Kilincarslan et al , 2020), governance disclosure (Nobanee and Ellili, 2021), the overall ESG disclosures (Chouaibi and Affes, 2021; Arif et al , 2021) and reveal an agreement on the positive trend of these different non-financial disclosures over the time. While other studies have explored the impact of the overall ESG disclosure on the company’s performance (Alareeni and Hamdan, 2020; El Khoury et al , 2021) and there is no consensus in the empirical results.…”

Section: Literature Review and Hypotheses Developmentmentioning

confidence: 99%

Impact of ESG disclosure and financial reporting quality on investment efficiency

Ellili

2022

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Purpose This study aims to examine the impacts of environmental, social and governance (ESG) disclosure and financial reporting quality (FRQ) on investment efficiency. Design/methodology/approach Several econometric models have been applied to estimate the impacts of ESG disclosure and FRQ on investment efficiency, using the United Arab Emirates (UAE) as a sample in 2010–2019. Estimations considered subsamples of underinvestment, overinvestment and low and high FRQ values. Findings Empirical results show a positive relationship between ESG disclosure, FRQ and investment efficiency, and that this relationship is more important in the underinvestment and high FRQ sub-samples. Results suggest that ESG disclosure improves transparency, mitigates information asymmetry and enhances investment efficiency. Research limitations/implications The findings could help UAE regulators incorporate ESG information into reporting and implement effective mechanisms to increase the extent of ESG information to improve investment efficiency. This study only examined UAE traded companies. Future research should investigate other factors influencing investment efficiency and conduct comparative studies across Gulf Cooperation Council countries. Social implications This study reveals the significant positive impact of ESG disclosure and FRQ on investment efficiency. These findings will help companies optimize their ESG information disclosure, improve the quality of their financial reports and comply with ESG standards. The study aims to develop knowledge that will not only benefit companies regarding the potential impact of ESG disclosure but also help national and international society create a better social environment and reduce climate change. Originality/value To the best of the authors’ knowledge, this study is the first to examine the relationship between ESG disclosure, FRQ and corporate investment efficiency. The research contributes to understanding the financial impacts of ESG disclosure and FRQ and supports regulators’ efforts to enforce ESG disclosure and improve FRQ.

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Section: Literature Review and Hypotheses Developmentmentioning

confidence: 99%

Impact of ESG disclosure and financial reporting quality on investment efficiency

Ellili

2022

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“…There are several studies about the impact of corporate governance quality on financial performance in the banking sector (Anginer et al, 2018;Aslam and Haron, 2020;Buallay, 2019b;Dalwai et al, 2015;Esteban-Sanchez et al, 2017;Ghosh, 2017;Harkin et al, 2020;Maxfield et al, 2018;Nawaz, 2017;Nobanee and Ellili, 2022;Peni and Va ¨ha ¨maa, 2012;Shakil et al, 2019). In this regard, some studies demonstrated that effective corporate governance increases financial performance and reduces agency problems (Esteban-Sanchez et al, 2017;Miras-Rodrı ´guez et al, 2015;Orazalin and Mahmood, 2019;Soana, 2011).…”

Section: Corporate Governance and Bank Performancementioning

confidence: 99%

ESG dimensions and bank performance: an empirical investigation in Italy

Menicucci

Paolucci

2022

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Purpose This study aims to investigate the impact of environmental performance, social responsibility and corporate governance (ESG) on bank performance (BP) in the Italian banking sector. It analyzes the relationships between 10 dimensions of ESG pillars and BP indicators during the period 2016–2020. Design/methodology/approach This study examines a sample of 105 Italian banks and develops three econometric models to verify the effect of ESG initiatives on BP indicators. The independent variables are the ESG dimensions collected from the Refinitiv database, whereas the explanatory variables are performance indicators measured through accounting and market variables. Findings The findings show that ESG policies negatively affect operational and market performance in the banking sector, suggesting that Italian banks have not fully embraced strong sustainability procedures. However, the relationships between ESG dimensions are mixed if measured individually. The results show a significant positive impact of emission and waste reductions on financial and operating performance, but regarding social aspects, it is proved that better product responsibility decreases accounting performance. Research limitations/implications This study offers an in-depth examination of ESG practices in relation to current and future performance. In particular, the findings provide practitioners and academics with an actual set of predictors in the ESG area to improve BP. Originality/value To the best of the authors’ knowledge, this is the only study that has investigated the impact of ESG issues on BP in Italy. Few prior studies have used all dimensions of ESG policies at a disaggregated level to investigate their effect on various performance indicators.

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“…The board diversity represents 8.5% of the total corporate governance topics of the studies published in the journal of Corporate Governance (Bingley) , and this topic was included in the studies in Bhat et al (2020), Elmagrhi et al (2018), Fernández-Temprano and Tejerina-Gaite, (2020), Kyaw et al (2017) and Loukil et al (2019). The emerging market context has also received a considerable attention in several studies on corporate governance, representing 6.80% of the total topics (Agnihotri and Bhattacharya, 2015; Lourenço et al , 2018; Viviers and Mans-Kemp, 2021; Agyei-Mensah, 2016; Fahad and Busru, 2020; Younas et al , 2021; Nobanee and Ellili, 2022).…”

Section: Results Of Bibliometric and Content Analysesmentioning

confidence: 99%

Bibliometric analysis on corporate governance topics published in the journal ofCorporate Governance: The International Journal of Business in Society

Ellili

2022

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Purpose This study aims to highlight the current trends in the literature on corporate governance by applying a bibliometric review of papers on corporate governance topics published in the journal of Corporate Governance: The International Journal of Business Society (Bingley). Design/methodology/approach Bibliometric analysis is a quantitative and qualitative approach applied to bibliographic materials that highlights the core theoretical and empirical contributions to a specific research field. This analysis was based on keyword cartography, bibliometric authors’ citation analysis, bibliometric papers’ co-citation analysis, bibliometric references’ co-citation analysis, journals’ co-citation cartography and qualitative content analysis. It reviews 353 articles on corporate governance published in the journal of Corporate Governance (Bingley). Bibliometric analysis was performed using VOSviewer, and content analysis was performed using WordStat. Findings The results identify three major clusters: corporate governance; board of directors; and firm performance. In addition, the results reveal that the journal Corporate Governance (Bingley) has experienced increasingly important growth in research papers on corporate governance topics and citations, reflecting its significant contribution to the corporate governance research field. This study also presents recommendations for future research in this field. Practical implications The findings of this study have implications for corporate governance research, such as the impact of ownership structure and the board of directors on environmental, social and governance disclosure. To the best of the authors’ knowledge, this study is the only one to review the key corporate governance research topics on which papers published in the journal of Corporate Governance (Bingley) are focused and can be largely used for corporate governance practices. Originality/value This study provides an overview of how the literature on corporate governance research has developed, as well as a summary of the most influential authors, along with countries, organizations and journal sources. This offers an opportunity for future research to focus on this topic.

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Voluntary corporate governance disclosure and bank performance: evidence from an emerging market

Cited by 18 publications

References 65 publications

Impact of ESG disclosure and financial reporting quality on investment efficiency

Impact of ESG disclosure and financial reporting quality on investment efficiency

ESG dimensions and bank performance: an empirical investigation in Italy

Bibliometric analysis on corporate governance topics published in the journal ofCorporate Governance: The International Journal of Business in Society

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