Does investment stimulate or inhibit CSR transparency? The moderating role of CSR committee, board monitoring and CEO duality

Date

2023-02-18

Advisors

Journal Title

Journal ISSN

ISSN

Volume Title

Publisher

Elsevier

Type

Article

Peer reviewed

Yes

Abstract

This study examined the potential relationship between different facets of firm investment (i.e., sales growth, R&D intensity, and total tangible and intangible assets) and CSR reporting, assurance and GRI adoption. Also, it further explored the conditions under which investing firms can encourage or discourage their CSR transparency. Our sample included 44,996 firm-year observations from 2004 to 2019 across 61 countries. Using a random-effects logistic model, our results indicate that corporate investments reduce firms’ CSR reporting and assurance tendency, which implies that a tradeoff exists between these two aspects of firm investment worldwide. Our moderation analysis outlined the contingent role of board-specific characteristics in the link between firm investment and CSR transparency. It appears that the CSR committee generates greater moderating effects on the firm investment–CSR transparency nexus than board monitoring and CEO duality. This empirical evidence also suggests several practical implications and future research agendas.

Description

open access article

Keywords

board structure, firm investment, CSR assurance, CSR report, GRI, tradeoff

Citation

Gerged, A., M., Kuzey, C., Uyar, A., and Karaman, A. S. (2023) Does investment stimulate or inhibit CSR transparency? The moderating role of CSR committee, board monitoring and CEO duality. Journal of Business Research, 159, 113762

Rights

Research Institute

Centre for Research in Accountability, Governance and Sustainability (CRAGS)