The Effect of Board Capital and CEO Power on Corporate Social Responsibility Disclosures

被引：169

作者：

Muttakin, Mohammad Badrul ^{[1
]}

Khan, Arifur ^{[1
]}

Mihret, Dessalegn Getie ^{[1
]}

机构：

[1] Deakin Univ, Deakin Business Sch, Dept Accounting, 221 Burwood Highway, Burwood, Vic 3125, Australia

来源：

JOURNAL OF BUSINESS ETHICS | 2018年 / 150卷 / 01期

关键词：

Board capital; CEO power; Corporate social responsibility disclosure; Bangladesh; FIRM PERFORMANCE; DEVELOPMENT INVESTMENT; FINANCIAL PERFORMANCE; MARKET VALUATION; AGENCY COSTS; DIRECTORS; OWNERSHIP; IMPACT; COMPENSATION; INDEPENDENCE;

D O I：

10.1007/s10551-016-3105-y

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

This study examines the effect of directors' human and social capital (i.e. board capital) on the level of corporate social responsibility (CSR) disclosures by drawing on insights from a resource-based view. It also investigates the effect of chief executive officer (CEO) power on this relationship. Data were obtained from annual reports of companies listed on the Dhaka Stock Exchange in Bangladesh from 2005 to 2013. We employ outside directors' experiences and expertise as a proxy for board capital and measure CEO power using a 'power index' that comprises CEO duality, ownership, tenure and family CEO status. Results show that board capital is positively associated with CSR disclosure levels; however, CEO power is negatively associated with CSR disclosures and reduces the effect of board capital on CSR disclosures. Thus, we conclude that although board capital can improve CSR practices, CEO power can also inhibit these practices.

引用

页码：41 / 56

页数：16

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