Corporate governance and anti-corruption disclosure

IF 5.5 Q1 BUSINESS

Corporate Governance-The International Journal of Business in Society Pub Date : 2023-02-28 DOI:10.1108/cg-06-2022-0275

Pietro Previtali, P. Cerchiello

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引用次数: 1

Abstract

Purpose In recent years, the role of environmental, social and governance (ESG) disclosure has become crucial. The aim of this paper is to study how corporate governance affects one part of ESG disclosure: anti-corruption disclosure. Design/methodology/approach This study examined 140 corporate social responsibility (CSR) reports from companies listed on the Italian stock markets and 50 CSR reports from other companies, then this study analysed the adoption of the Global Reporting Initiative (GRI) standard no. 205. Findings The results show a low level of disclosure, and that corporate governance issues matter. In particular, the analysis found a positive relationship between the presence of female and outside members, the number of board members and the level of anti-corruption disclosure. Research limitations/implications This study acknowledges some limitations. Firstly, the research is based on a one-year sample. Secondly, the research hypotheses are confirmed only when considered in relation to a single section of the GRI standards. Thirdly, this study has a bias towards relatively large enterprises. Practical implications It could be worthwhile introducing a soft regulation regarding the composition of the board of directors that requires a certain quantitative and qualitative composition. Originality/value To the best of the authors’ knowledge, this is one of the few studies, the first in Italy, that sheds light on anti-corruption disclosure and its determinants.

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公司治理与反腐败信息披露

近年来，环境、社会和治理(ESG)信息披露的作用变得至关重要。本文的目的是研究公司治理如何影响ESG披露的一部分:反腐败披露。设计/方法/方法本研究检查了意大利股票市场上市公司的140份企业社会责任(CSR)报告和其他公司的50份企业社会责任报告，然后本研究分析了全球报告倡议组织(GRI)标准的采用情况。205.调查结果显示，信息披露水平较低，公司治理问题很重要。分析特别发现，女性和外部成员的存在、董事会成员数量和反腐败信息披露水平之间存在正相关关系。研究的局限性/意义本研究承认一些局限性。首先，本研究基于一年的样本。其次，研究假设只有在考虑GRI标准的单个部分时才得到证实。第三，本研究偏向于规模较大的企业。在董事会的组成方面引入一项软规定是值得的，该规定要求一定数量和质量的组成。原创性/价值据作者所知，这是为数不多的研究之一，也是意大利的第一个研究，揭示了反腐败信息披露及其决定因素。

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来源期刊

Corporate Governance-The International Journal of Business in Society BUSINESS-

CiteScore

11.20

自引率

33.90%

发文量

期刊介绍： Providing a consistent source of in-depth information, analysis and advice considering corporate governance on an international scale, Corporate Governance: The International Journal of Business in Society focuses on knowledge development, practice and performance standards for scholars and Boards of Directors/ Governors of companies throughout the world. The journal publishes a diverse range of substantive theoretical and methodological debates as well as practical developments in the field of corporate governance worldwide. The journal particularly encourages attention to the impact of changes of business/corporate governance forms and practices on people, and the sustainability of different governance models. Articles that highlight models and structures that advance the interests, dignity and well being of all stakeholders, in a sustainable manner, are particularly welcome. The journal covers a broad spectrum of governance-related themes including: -Effective boardroom performance -Control and regulation -Executive leadership -The role and contribution of external (non-executive) directors -The growing importance of governance in the wake of ever-greater corporate scandals -Redefinitions and reassessments of corporate governance models -The role of business in society -The changing nature of the relationship and responsibilities of the firm towards various stakeholders -The incentives required to encourage more socially- and environmentally-responsible corporate action -The role and impact of local and international regulatory agencies and regimes on corporate behaviour.