دانلود رایگان مقاله انگلیسی افشای مسئولیت اجتماعی شرکت و حاکمیت شرکتی: چارچوب نو سازمانی - اشپرینگر 2018

Abstract

This study delves into an interesting nexus of corporate governance mechanism and corporate social responsibility (CSR) disclosure in the Chinese listed firms. This research edifies the prevailing literature by integration of neo-institutional theory and empirical examination of the impact of ownership structure and board characteristics on the ‘‘CSR disclosure score’’ for a longitudinal data of 1166 non-financial firms listed on Chinese stock exchanges for 8 years from 2008 to 2015. The empirical results based on panel data-generalised least squares estimations divulge that state ownership and block ownership are negative predictors of the CSR disclosure, while institutional ownership, board size and board composition positively affect CSR disclosure in Chinese listed firms. The results fail to find a significant impact of CEO duality on CSR disclosure. The empirical findings of this study suggest practical guidelines to policymakers, government and corporations in their drive against the CSR concerns.

Conclusion, limitations and future directions

Although preceding scholarships have explored the causes and impetuses of CSR disclosure and corporate governance on a discrete basis, there is little evidence on how internal mechanisms of corporate governance can affect CSR activities and disclosure in the context of the Chinese economy. This paper is such an attempt to bring new insights by examining the impact of corporate governance’s internal mechanism on CSR disclosure. This research makes some significant contributions to the prevalent literature. This research assimilates the two distinct features (legitimation and efficiency) of Scott’s model of neo-institutional theory (Scott 2001) and firm characteristics in investigating the effect of internal mechanisms of CG on CSR disclosure in the different economy of China. This study overcomes the limitations (small sample size, the application of content analysis techniques, etc.) of preceding literature. This empirical paper adds to the current literature by examining panel data set collected from a reliable database of Chinese listed firms (non-financial firms) from 2008 to 2015. The time period of data used in this study is also relevant because a CSR awareness programme was promoted in Chinese markets in early 2007 and 2008 by the introduction of CSR regulations and guidelines by the two most important stock exchanges, i.e. SSE and SZSE. These guidelines provided a platform to the Chinese listed firms to actively participate in CSR practices and disclose such activities in their sustainability, and CSR reports.