Is corporate governance a significant factor in corporate social responsibility disclosure? Insights from China
This comprehensive study delves into the intricate relationship between corporate governance and Corporate Social Responsibility Disclosure (CSRD) within the framework of China’s institutional landscape. By analyzing an extensive dataset comprising 35,435 firm-year observations from 3,889 A-share li...
| Main Authors: | , , , , |
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| Format: | Article |
| Language: | English |
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LLC "CPC "Business Perspectives"
2024-01-01
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| Series: | Investment Management & Financial Innovations |
| Subjects: | |
| Online Access: | https://www.businessperspectives.org/images/pdf/applications/publishing/templates/article/assets/19522/IMFI_2024_01_Pasko.pdf |
| _version_ | 1797221126959529984 |
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| author | Oleh Pasko Tetyana Kharchenko Oleksandr Kovalenko Viktoriia Tkachenko Oleksandr Kuts |
| author_facet | Oleh Pasko Tetyana Kharchenko Oleksandr Kovalenko Viktoriia Tkachenko Oleksandr Kuts |
| author_sort | Oleh Pasko |
| collection | DOAJ |
| description | This comprehensive study delves into the intricate relationship between corporate governance and Corporate Social Responsibility Disclosure (CSRD) within the framework of China’s institutional landscape. By analyzing an extensive dataset comprising 35,435 firm-year observations from 3,889 A-share listed companies spanning the years 2006 to 2019, the research scrutinizes various governance mechanisms, including board size, independence, CEO duality, and ownership concentration.The investigation affirms that larger boards and a higher proportion of independent directors exert a positive influence on CSRD. In contrast, a substantial shareholding ratio held by the largest shareholder proves to be a hindrance to the transparent disclosure of CSR initiatives. While the impact of CEO duality on CSRD is noted, the statistical significance of this relationship remains inconclusive.These findings underscore the nuanced dynamics of governance and ownership structures in shaping CSR initiatives. The findings highlight the nuanced impact of governance and ownership structures on CSR initiatives, offering valuable insights for managers and policymakers navigating CSR strategies in China’s business landscape. The insights garnered from this study hold valuable implications for both corporate managers and policymakers navigating the landscape of CSR strategies within the unique contours of China’s business environment.
AcknowledgmentThis paper is co-funded by the European Union through the European Education and Culture Executive Agency (EACEA) within the project “Embracing EU corporate social responsibility: challenges and opportunities of business-society bonds transformation in Ukraine” – 101094100 – EECORE – ERASMUS-JMO-2022-HEI-TCH-RSCH-UA-IBA / ERASMUS-JMO-2022-HEI-TCHRSCH https://eecore.snau.edu.ua/Oleh PASKO expresses sincere gratitude for the support received from the Kirkland Research Program, generously provided by the Leaders of Change Foundation established by the Polish-American Freedom Foundation. |
| first_indexed | 2024-03-08T13:16:03Z |
| format | Article |
| id | doaj.art-21f4030e9fea4a2f8ed6cd734470da51 |
| institution | Directory Open Access Journal |
| issn | 1810-4967 1812-9358 |
| language | English |
| last_indexed | 2024-04-24T13:00:29Z |
| publishDate | 2024-01-01 |
| publisher | LLC "CPC "Business Perspectives" |
| record_format | Article |
| series | Investment Management & Financial Innovations |
| spelling | doaj.art-21f4030e9fea4a2f8ed6cd734470da512024-04-05T11:16:09ZengLLC "CPC "Business Perspectives"Investment Management & Financial Innovations1810-49671812-93582024-01-01211637510.21511/imfi.21(1).2024.0619522Is corporate governance a significant factor in corporate social responsibility disclosure? Insights from ChinaOleh Pasko0https://orcid.org/0000-0002-6275-5885Tetyana Kharchenko1https://orcid.org/0000-0001-8967-4711Oleksandr Kovalenko2https://orcid.org/0000-0003-1043-6679Viktoriia Tkachenko3https://orcid.org/0000-0002-2924-4012Oleksandr Kuts4https://orcid.org/0000-0002-2855-0659Ph.D. in Economics, Associate Professor, Department of Accounting and Taxation, Sumy National Agrarian University, Ukraine; Fellow of the Kirkland Research program at University of Warsaw, PolandPh.D. in Economics, Associate Professor, Department of Management named after Professor Mykhailova L.I., Sumy National Agrarian University, UkrainePh.D. in Economics, Associate Professor, Department of Management named after Professor Mykhailova L.I., Sumy National Agrarian University, UkrainePh.D. in Economics, Associate Professor, Department of Management, Sumy National Agrarian UniversityPh.D. in Economics, Head of the Department of Informational Support, Standardization and Metrology, Institute of Food Resources of NAAS, UkraineThis comprehensive study delves into the intricate relationship between corporate governance and Corporate Social Responsibility Disclosure (CSRD) within the framework of China’s institutional landscape. By analyzing an extensive dataset comprising 35,435 firm-year observations from 3,889 A-share listed companies spanning the years 2006 to 2019, the research scrutinizes various governance mechanisms, including board size, independence, CEO duality, and ownership concentration.The investigation affirms that larger boards and a higher proportion of independent directors exert a positive influence on CSRD. In contrast, a substantial shareholding ratio held by the largest shareholder proves to be a hindrance to the transparent disclosure of CSR initiatives. While the impact of CEO duality on CSRD is noted, the statistical significance of this relationship remains inconclusive.These findings underscore the nuanced dynamics of governance and ownership structures in shaping CSR initiatives. The findings highlight the nuanced impact of governance and ownership structures on CSR initiatives, offering valuable insights for managers and policymakers navigating CSR strategies in China’s business landscape. The insights garnered from this study hold valuable implications for both corporate managers and policymakers navigating the landscape of CSR strategies within the unique contours of China’s business environment. AcknowledgmentThis paper is co-funded by the European Union through the European Education and Culture Executive Agency (EACEA) within the project “Embracing EU corporate social responsibility: challenges and opportunities of business-society bonds transformation in Ukraine” – 101094100 – EECORE – ERASMUS-JMO-2022-HEI-TCH-RSCH-UA-IBA / ERASMUS-JMO-2022-HEI-TCHRSCH https://eecore.snau.edu.ua/Oleh PASKO expresses sincere gratitude for the support received from the Kirkland Research Program, generously provided by the Leaders of Change Foundation established by the Polish-American Freedom Foundation.https://www.businessperspectives.org/images/pdf/applications/publishing/templates/article/assets/19522/IMFI_2024_01_Pasko.pdfboard compositionboard independencecorporate governancecorporate social responsibilitycorporate sustainability-related disclosurenon-financial reporting |
| spellingShingle | Oleh Pasko Tetyana Kharchenko Oleksandr Kovalenko Viktoriia Tkachenko Oleksandr Kuts Is corporate governance a significant factor in corporate social responsibility disclosure? Insights from China Investment Management & Financial Innovations board composition board independence corporate governance corporate social responsibility corporate sustainability-related disclosure non-financial reporting |
| title | Is corporate governance a significant factor in corporate social responsibility disclosure? Insights from China |
| title_full | Is corporate governance a significant factor in corporate social responsibility disclosure? Insights from China |
| title_fullStr | Is corporate governance a significant factor in corporate social responsibility disclosure? Insights from China |
| title_full_unstemmed | Is corporate governance a significant factor in corporate social responsibility disclosure? Insights from China |
| title_short | Is corporate governance a significant factor in corporate social responsibility disclosure? Insights from China |
| title_sort | is corporate governance a significant factor in corporate social responsibility disclosure insights from china |
| topic | board composition board independence corporate governance corporate social responsibility corporate sustainability-related disclosure non-financial reporting |
| url | https://www.businessperspectives.org/images/pdf/applications/publishing/templates/article/assets/19522/IMFI_2024_01_Pasko.pdf |
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