Voluntary CSR disclosure and CEO narcissism: the moderating role of CEO duality and board gender diversity

Lassoued, Naima; Khanchel, Imen

doi:10.1007/s11846-022-00555-3

Cited by 49 publications

(36 citation statements)

References 115 publications

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“…According to upper echelon theory, managers' characteristics influence their strategic choices, which in turn influence the managers' behavior and firm's consequences (Hambrick & Mason, 1984). Previous research has found that specific managerial characteristics (such as gender, age, tenure, power, ability and professional experience) influence how managers behave and the firm's economic outcomes (Bergstresser & Philippon, 2006; Expósito et al, 2021; García Sánchez et al, 2020; Huang et al, 2012; Khan et al, 2021; Lassoued & Khanchel, 2022; Sun et al, 2022). Considering the key role that the CEO plays in the sustainability disclosure, the CEO's characteristics may have impacts on the quality of the corporate sustainability report texts.…”

Section: Introductionmentioning

confidence: 99%

“…Previous studies showed that the CEO plays a key role in the process of preparing quality financial information (Audretsch et al, 2022; Gu, 2022; Ham et al, 2017; Huang et al, 2012; Lewis et al, 2014; Li et al, 2018). Researchers have analyzed several CEOs' demographic and personality attributes (such as gender, age, tenure, power, ability and professional experience; Bergstresser & Philippon, 2006; Expósito et al, 2021; García Sánchez et al, 2020; Huang et al, 2012; Khan et al, 2021; Lassoued & Khanchel, 2022; Sun et al, 2022). From the perspective of corporate non‐financial information disclosure, this paper finds that the personal characteristics of CEOs are not only related to corporate financial disclosure, but also to the quality of sustainable disclosure.…”

Section: Introductionmentioning

confidence: 99%

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What affects the quality of sustainability report texts? Evidence from China

Zhang

2022

Corp Soc Responsibility Env

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We relied on web crawlers and text analysis techniques to develop a new method for measuring the quality of sustainability report texts, and accordingly discussed the impact of chief executive officers' (CEOs') characteristics on the quality of sustainability report texts. We found that companies led by younger CEOs and CEOs with better-educated, financial and overseas backgrounds provided higher quality sustain-

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Section: Introductionmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

What affects the quality of sustainability report texts? Evidence from China

Zhang

2022

Corp Soc Responsibility Env

View full text Add to dashboard Cite

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“…This result is also consistent with those of previous studies (Qiu et al ., 2016). Companies have to put in place good social practices as they could enhance employment quality, health and safety, training and development, diversity, human rights, community and product responsibility (Lassoued and Khanchel, 2022). Therefore, managers who disclose such information will satisfy stakeholders' interests and therefore enhance financial performance.…”

Section: Resultsmentioning

confidence: 99%

Sustainability and firm performance: the role of environmental, social and governance disclosure and green innovation

Khanchel

Lassoued

Baccar

2023

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PurposeThis paper aims to determine whether financial performance is affected in firms adopting separately or jointly two sustainability tools (green innovation and environmental, social and governance reporting (ESG)).Design/methodology/approachThe empirical study examines a sample of 211 S&P 500 firms over the 2011 to 2019 period and uses the quantile estimation method.FindingsThe results show that two dimensions of ESG disclosure (the social and governance dimensions) and green innovation positively affect financial performance. This result suggests that sustainability tools have a strong financial impact. The positive relationship between green innovation and financial performance is detected at the 10th quantile up to the 70th quantile. This finding suggests that financial performance needs a moderate investment in green innovation. When considering the joint effect of ESG disclosure and green innovation, our findings show that the positive impact of some ESG disclosure dimensions (social and governance) on financial performance is more observable with a moderate investment in green innovation.Originality/valueThis study highlights the prominent role of sustainability tools in financial performance. Despite the contributions of the literature, to our knowledge, the relationship between these tools and financial performance is not yet comprehensively investigated. Sustainability is less studied from the social movement perspective. This paper is among the few to study the effect of ESG reporting on financial performance in a world of green innovation.

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“…The definition of these two groups is based on the role of ESG and is not biased because ESG is important nowadays (Dabbebi et al, 2022 ; Khanchel & Lassoued, 2022a ). Firms are moving to ESG to remain competitive as pressures from stakeholders are growing significantly (Lassoued & Khanchel, 2022 ). The role of ESG information has transformed and changed firms as they have become more aware that ESG disclosure is critical to portray their good reputation and thus meet stakeholders’ expectations regarding the three CSR pillars.…”

Section: Sample Selection and Variables Measurementmentioning

confidence: 99%

CSR and firm value: is CSR valuable during the COVID 19 crisis in the French market?

2023

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This study examines the impact of the COVID-19 outbreak on the French stock market and investigates whether companies with a commitment to corporate social responsibility (CSR) were less affected. Examining a sample consisting of 464 French firms, we separate firms that have implemented CSR activities around the event period (considered as active CSR adopters) from CSR-adopters (firms that did not indulge in CSR activities around that period) and non-CSR adopters. The empirical results indicate that active CSR adopters were less affected as some positive returns have been observed around the event date, indicating that their stock prices were relatively resistant to the crisis. The multivariate analysis shows that the French market reacted significantly to CSR strategy and that active CSR adopters are the least affected.

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Voluntary CSR disclosure and CEO narcissism: the moderating role of CEO duality and board gender diversity

Cited by 49 publications

References 115 publications

What affects the quality of sustainability report texts? Evidence from China

What affects the quality of sustainability report texts? Evidence from China

Sustainability and firm performance: the role of environmental, social and governance disclosure and green innovation

CSR and firm value: is CSR valuable during the COVID 19 crisis in the French market?

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