The impact of audit committee features on environmental and community disclosure – empirical evidence from GCC countries DOI Creative Commons
Abdelmohsen M. Desoky

Investment Management and Financial Innovations, Journal Year: 2024, Volume and Issue: 22(1), P. 82 - 93

Published: Dec. 23, 2024

This study examines the extent of environmental and community disclosures evaluates how audit committee features influence such among listed firms in Bahrain Kuwait, Gulf Cooperation Council (GCC) countries emerging markets. The research employs an unweighted disclosure index comprising 18 items related to disclosures, analyzing 432 firm-year observations across Kuwait covering a nine-year period (2015–2023). Three (independence, number meetings, size) along with other board committees are examined this empirical investigation. Descriptive analysis indicates that sampled offer 44.25% 60.60% information, respectively, signaling satisfactory level Kuwait. demonstrates progress compared prior studies GCC countries. Hierarchical Multiple Regression models demonstrate all four significantly describe dependent variables. model exhibits highest explanatory power explaining information. Audit independence size emerge as determinants while only is associated results bear significant implications for governmental bodies regulatory authorities aiming strengthen regulations promote corporate governance frameworks within nations.

Language: Английский

The influence of board and audit committee characteristics on CSR reporting in Bahrain: the legitimacy perspective DOI
Abdelmohsen M. Desoky

Journal of financial reporting & accounting, Journal Year: 2024, Volume and Issue: unknown

Published: July 18, 2024

Purpose This study aims to examine, from a legitimacy perspective, the potential influence of board and audit committee (AC) characteristics on level corporate social responsibility (CSR) disclosure by listed firms in Kingdom Bahrain. Design/methodology/approach Throughout 10-year period (2013–2022), 160 firm-year observations Bahrain are used. Four hierarchical multiple regression (HMR) models developed examine effects five independent variables three control variables. Findings HMR model results show that CSR reporting is determined only two variables: independence AC independence. Also, this partially support argument theory key factor explaining CSR. Research limitations/implications Limitations include small sample over (2013–2022) using index 16 items not considering other characteristics. Practical implications assists policymakers achieving strategic goals guiding future environmental, governance guidelines. Social reveals practices Bahraini factors like size, size number meetings. It offers insights for accounting scholars importance including features research. Originality/value To best author’s knowledge, among first investigate topic use as

Language: Английский

Citations

2
Impact of environmental, social, and governance performance on cash holdings in BRICS: Mediating role of cost of capital DOI
Sisi Chen, Umar Farooq, Salem Hamad Aldawsari

et al.

Corporate Social Responsibility and Environmental Management, Journal Year: 2024, Volume and Issue: unknown

Published: Oct. 16, 2024

Abstract As businesses globally navigate the intricate landscape of environmental, social, and governance (ESG) practices, understanding their financial implications becomes paramount. The primary objective is to illuminate impact ESG performance on cash holdings (CHO) within context BRICS nations. Additionally, study aims explore mediating role cost capital (COC) in shaping these relationships. empirical analysis was conducted comprehensive dataset over period 2010–2022 BRICS. We establish regression by utilizing a fixed effect system GMM models. findings reveal significant negative (−0.012 coefficient value) CHO, indicating that one‐unit increase can decrease CHO 1.2% this at 1%. This further highlights declining trend reserves among companies embracing sustainability practices. Notably, documents COC, showcasing its influence reducing internal presence low external financing costs. benefits associated with robust Companies nations are encouraged integrate considerations into business strategies, recognizing potential for reduced favorable COC outcomes. Beyond gains, underscores societal environmental contributions contributes literature uncovering providing how practices diverse economic landscapes.

Language: Английский

Citations

2
Environmental, social and governance (ESG) disclosure and cost of equity: the moderating effects of board structures DOI Creative Commons
Rosmiati Jafar, Basuki Basuki, Windijarto Windijarto

et al.

Cogent Business & Management, Journal Year: 2024, Volume and Issue: 11(1)

Published: Nov. 21, 2024

One of the main issues in field sustainable finance is environmental, social, and governance (ESG). This study examines how ESG disclosure impacts cost equity. Additionally, it explores structure board commissioners moderates this relationship. The represented by three key factors: proportion independent commissioners, commissioners's size, female commissioners. sample used research was 215 non-financial companies that published sustainability reports (SR) were listed on Indonesia Stock Exchange (BEI) with years 2017, 2021, 2022 a total 309 observations. employed Ordinary Least Square (OLS) Moderated Regression Analysis (MRA) to test hypotheses. findings indicate negatively reveals higher larger greater mitigate company risk. These factors weaken negative effect equity substituting its risk-reducing benefits. results these further validated through additional moderating variable analysis techniques. Specifically, subgroup regression models incorporating one-year lag for variables employed, yielding consistent results.

Language: Английский

Citations

2
Do board characteristics influence sustainability-related disclosures? Evidence from an emerging market DOI
Wai Kee Ho,

Nampuna Dolok Gultom,

Susela Devi K. Suppiah

et al.

Journal of financial reporting & accounting, Journal Year: 2024, Volume and Issue: unknown

Published: May 16, 2024

Purpose This study aims to examine the association between board characteristics (namely, diligence, independence, gender diversity, size and expertise) sustainability-related disclosures (SRD) in Malaysia. Design/methodology/approach A robust SRD index of 409 items is used derive scores for 56 Malaysian listed companies from 2018 2020, yielding 168 observations. Pooled ordinary least squares applied test research hypotheses model. Findings The authors find that members audit committees female show a significant relationship with SRD, casting doubt on widely held belief other (such as size, independence independently impact SRD. However, market influence (firm value) firm are associated Practical implications at its nascent stage, cherry-picking what report, evidenced scores. Regulators policymakers must recognize complex interplay various factors impacting timely issuance comprehensive rules firms comply. regulators’ drive more representation can be boost enhance sustainability agenda companies. scoring template post-2020 data investigate maturity Originality/value evidence practice early stages using template. Although findings contradict prior studies, believe this driven by measure based latest Global Reporting Initiative Bursa rules.

Language: Английский

Citations

1
Sustainability reporting quality and firm value in ASEAN+3: A series moderation model DOI
Hien Vo Van, Nha Minh Nguyen, Malik Abu Afifa

et al.

Corporate Social Responsibility and Environmental Management, Journal Year: 2024, Volume and Issue: unknown

Published: Dec. 1, 2024

Abstract Research on sustainability and firm value has increased recently. However, there is little evidence in this context from ASEAN+3 (i.e., three major Asian economies [South Korea, Japan, China] six dynamic the ASEAN region [Indonesia, Malaysia, Singapore, Philippines, Thailand, Vietnam]). Therefore, study explores impact of reporting quality context. The also moderating role environmental, social, governance (ESG) practices, board gender diversity, size, number meetings “sustainability quality—firm nexus.” Data collected Thomson Reuters Asset4 with a sample size 923 firms during period 2019–2023 (4615 firm‐year observations). Regression analysis techniques used include pooled ordinary least squares, fixed effects, random effects models. results show new unique discoveries ASEAN+3. First, positive value. Second, ESG practices negatively moderate Third, higher members reduces nexus”; however, negative level lower than that countries. Finally, more independent female directors strengthens This enriches signaling theory agency by highlighting complex relationship between components To enhance within ASEAN+3, policymakers should prioritize standardized regulations transparent communication channels; stakeholders must hold managers accountable for genuine implementation high‐quality reporting; businesses particularly directors, alongside training.

Language: Английский

Citations

1
The impact of audit committee features on environmental and community disclosure – empirical evidence from GCC countries DOI Creative Commons
Abdelmohsen M. Desoky

Investment Management and Financial Innovations, Journal Year: 2024, Volume and Issue: 22(1), P. 82 - 93

Published: Dec. 23, 2024

This study examines the extent of environmental and community disclosures evaluates how audit committee features influence such among listed firms in Bahrain Kuwait, Gulf Cooperation Council (GCC) countries emerging markets. The research employs an unweighted disclosure index comprising 18 items related to disclosures, analyzing 432 firm-year observations across Kuwait covering a nine-year period (2015–2023). Three (independence, number meetings, size) along with other board committees are examined this empirical investigation. Descriptive analysis indicates that sampled offer 44.25% 60.60% information, respectively, signaling satisfactory level Kuwait. demonstrates progress compared prior studies GCC countries. Hierarchical Multiple Regression models demonstrate all four significantly describe dependent variables. model exhibits highest explanatory power explaining information. Audit independence size emerge as determinants while only is associated results bear significant implications for governmental bodies regulatory authorities aiming strengthen regulations promote corporate governance frameworks within nations.

Language: Английский

Citations

0