Does corporate governance matter in corporate social responsibility disclosure? Evidence from Italy in the 'era of sustainability'
| Autor: | Pier Luigi Marchini, Katia Furlotti, Veronica Tibiletti, Alice Medioli |
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| Rok vydání: | 2020 |
| Předmět: |
business.industry
Process (engineering) Strategy and Management Corporate governance 05 social sciences Stakeholder Subject (philosophy) Accounting 06 humanities and the arts Management Monitoring Policy and Law Development 0603 philosophy ethics and religion 0502 economics and business Sustainability Corporate social responsibility 060301 applied ethics Business 050203 business & management |
| Zdroj: | Corporate Social Responsibility and Environmental Management. 28:896-907 |
| ISSN: | 1535-3966 1535-3958 |
| DOI: | 10.1002/csr.2097 |
| Popis: | Corporate governance has long been the subject of interest for researchers in business administration. Corporate social responsibility (CSR) practices decided by boards of directors are now a key issue in the decision‐making process of companies. The relationship between the governance structure and CSR policies is crucial to defining the companies' strategic view. In this paper, we identify how the characteristics of corporate governance impact CSR disclosure. Our findings show that a large board of directors reduces the probability of adhering to practices that involve stakeholders more closely in company activity, while companies with more independent directors have a higher level of stakeholder protection almost by definition. Thus, there is a need for additional ways of involving stakeholders in company activity. Our results also reveal that an overlap between the roles of the CEO and the board chairman is an undesirable influence on a CSR report. |
| Databáze: | OpenAIRE |
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