Corporate governance and sustainability disclosure: evidence from Jordan

IF 5.5 Q1 BUSINESS

Corporate Governance-The International Journal of Business in Society Pub Date : 2022-10-13 DOI:10.1108/cg-04-2022-0162

A. Alodat, Zalailah Salleh, H. A. Hashim

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引用次数: 3

Abstract

Purpose This paper aims to examine the impact of corporate governance (CG) on sustainability disclosure (SD) from the perspectives of resource dependence, agency and stakeholder theories in the context of Jordan. Design/methodology/approach The analyses were based on 405 observations from non-financial firms listed on the Amman Stock Exchange, spanning the period of 2014–2018. The CG that influences SD was examined using panel data regression models. Findings The results of the current study show a positive and significant relationship between the extent of SG and the audit committee and board of directors’ effectiveness. In terms of ownership structure, both institutional and foreign ownerships yielded an insignificant relationship with the extent of SDs. Practical implications The analyses have implications for practitioners, policymakers, top management and corporate executives. Firms are encouraged to restructure their board of directors to enhance the effectiveness of the board to better monitor and support better SD. Originality/value To the best of the authors’ knowledge, this is the first study to examine the determinants of SD in Jordan firms. This paper adopted a newly developed global reporting initiative-based reporting index that identifies companies with good sustainability practices. This adds value to the existing sustainability literature.

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公司治理与可持续性信息披露:来自约旦的证据

本文旨在从资源依赖、代理和利益相关者理论的角度，考察公司治理(CG)对可持续性信息披露(SD)的影响。设计/方法/方法分析基于2014-2018年期间在安曼证券交易所上市的非金融公司的405项观察。使用面板数据回归模型检验影响SD的CG。研究结果表明，审计委员会和董事会的有效性与SG的程度呈显著正相关。在所有权结构方面，机构所有权和外资所有权与SDs程度的关系不显著。这些分析对从业人员、政策制定者、高层管理人员和公司高管都有启示。政府鼓励商行重组董事会，以提高董事会的效率，更好地监督和支持可持续发展。原创性/价值据作者所知，这是第一个研究约旦公司的可持续发展决定因素的研究。本文采用了一种新开发的基于全球报告倡议的报告指数，以识别具有良好可持续发展实践的公司。这为现有的可持续性文献增加了价值。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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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.