Mandatory CSR regulations and social disclosure: the mediating role of the CSR committee

IF 3.5 Q1 BUSINESS, FINANCE
Dhanushika Samarawickrama, Pallab Kumar Biswas, Helen Roberts
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引用次数: 0

Abstract

Purpose

This study aims to examine the association between mandatory corporate social responsibility (CSR) regulations (CSR mandate) and social disclosures (SOCDS) in India. It also investigates whether CSR committees mediate the relationship between CSR mandate and SOCDS. Furthermore, this paper explores how business group (BG) affiliation moderates CSR committee quality and SOCDS.

Design/methodology/approach

This study uses a data set of 5,345 observations from the Bombay stock exchange (BSE)-listed firms over 10 years (2011–2020) to examine the research questions. Baron and Kenny’s (1986) three-step model is estimated to examine the mediating role of CSR committees on the relationship between CSR mandate and SOCDS.

Findings

The study reveals that the CSR mandate positively impacts SOCDS in India due to coercive pressures. CSR committees mediate this relationship, with higher CSR committee quality leading to increased SOCDS. Furthermore, the authors report that SOCDS in India is positively related to CSR committee quality, and this relationship is stronger for BG firms. Finally, the supplementary analysis reveals that promoting CSR committee quality enhances firms’ likelihood of meeting CSR mandatory spending and actual CSR spending in India.

Originality/value

This research contributes to the academic literature by shedding light on the intricate dynamics of CSR mandates, CSR committees and SOCDS in emerging economies. Notably, the authors identify the previously unexplored mediation role of CSR committees in the link between CSR mandates and SOCDS. The creation of a composite index that measures complementary CSR committee attributes allows us to undertake a novel assessment of CSR committee quality. An examination of the moderating influence of BG affiliation documents the importance of CSR committee quality, particularly in governance, for enhancing SOCDS transparency within BG firms.

强制性企业社会责任法规与社会信息披露:企业社会责任委员会的中介作用
目的 本研究旨在探讨印度强制性企业社会责任(CSR)法规(CSR 授权)与社会信息披露(SOCDS)之间的关系。本研究还探讨了企业社会责任委员会是否对企业社会责任强制规定与社会披露之间的关系起中介作用。此外,本文还探讨了企业集团(BG)从属关系如何调节企业社会责任委员会的质量和 SOCDS。设计/方法/途径本研究使用孟买证券交易所(BSE)上市企业 10 年(2011-2020 年)的 5345 个观察数据集来探讨研究问题。对 Baron 和 Kenny(1986 年)的三步模型进行了估计,以考察企业社会责任委员会对企业社会责任授权与 SOCDS 之间关系的中介作用。企业社会责任委员会对这种关系起到了中介作用,企业社会责任委员会的质量越高,SOCDS 就越高。此外,作者还报告说,印度的 SOCDS 与企业社会责任委员会的质量呈正相关,而且这种关系在 BG 企业中更为强烈。最后,补充分析表明,在印度,提高企业社会责任委员会的质量可以提高企业达到企业社会责任强制支出和实际企业社会责任支出的可能性。 原创性/价值 本研究揭示了新兴经济体中企业社会责任强制支出、企业社会责任委员会和 SOCDS 的复杂动态,为学术文献做出了贡献。值得注意的是,作者发现了企业社会责任委员会在企业社会责任任务和社会公益战略之间的联系中起到了以前未曾探索过的中介作用。通过创建衡量企业社会责任委员会互补属性的综合指数,我们可以对企业社会责任委员会的质量进行新颖的评估。对 BG 关联性的调节作用的研究表明,企业社会责任委员会的质量,尤其是治理方面的质量,对于提高 BG 公司的 SOCDS 透明度非常重要。
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来源期刊
Meditari Accountancy Research
Meditari Accountancy Research BUSINESS, FINANCE-
CiteScore
7.80
自引率
14.30%
发文量
66
期刊介绍: Meditari Accountancy Research (MEDAR). MEDAR takes its name from the Latin for constantly pondering, suggesting a journey towards a better understanding of accountancy related matters through research. Innovative and interdisciplinary approaches are encouraged. The journal is a double blind refereed publication that welcomes manuscripts using diverse research methods that address a wide range of accountancy related topics, where the terms accountancy and accounting are interpreted broadly. Manuscripts should be theoretically underpinned. Topics may include, but are not limited to: Auditing, Financial reporting, Impact of accounting on organizations, Impact of accounting on capital markets, Impact of accounting on individuals, Management accounting, Public sector accounting, Regulation of the profession, Risk management, Social and environmental disclosure, Impact of taxation on society, Accounting education, Accounting ethics.
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