Corporate social responsibility assurance, board characteristics and social performance disclosure. Evidence of listed firms in India
- Title
- Corporate social responsibility assurance, board characteristics and social performance disclosure. Evidence of listed firms in India
- Creator
- Oware K.M.; Moulya H.; Mallikarjunappa T.
- Description
- The study examines board characteristics, corporate social responsibility (CSR) assurance and social performance disclosure of listed firms before and after mandatory CSR reporting in India. We used the Indian stock market as the testing grounds and applied panel regression and difference-in-differences to analyse 960 firm-year observations between 2010 and 2021. The first findings show that independent board directors and total board size are insignificant in CSR assurance engagement in a mandatory CSR policy period. However, CEO duality is less than likely causing CSR assurance engagement. The second findings show that CSR assurance engagement more than likely causes an increase in social performance disclosure before mandatory CSR policy implementation and increases social performance after policy implementation. The third findings show that the interactive effect of board characteristics (independent directors, total board size and CEO duality) and CSR assurance engagement causes an increase in social performance disclosure. The study sought clarity on the impact of CSR assurance and mandatory CSR reporting on information asymmetry problems to stakeholders. The study also contributes new knowledge on the influence of the interactive effect of board characteristics and CSR assurance on the social performance disclosure of listed firms in India. 2022 John Wiley & Sons Ltd.
- Source
- International Journal of Finance and Economics, Vol-29, No. 2, pp. 1707-1721.
- Date
- 2024-01-01
- Publisher
- John Wiley and Sons Ltd
- Subject
- board characteristics; CSR assurance; difference in differences model; resource dependency theory; signalling theory; social performance disclosures
- Coverage
- Oware K.M., Department of Banking Technology and Finance, Kumasi Technical University, Kumasi, Ghana, Department of Business Administration, Mangalore University, Mangalore, India; Moulya H., Department of Business Administration, Christ (deemed to be University), Bangalore, India; Mallikarjunappa T., Justice K S Hedge Institute of Management, Nitte, India
- Rights
- All Open Access; Bronze Open Access
- Relation
- ISSN: 10769307
- Format
- Online
- Language
- English
- Type
- Article
Collection
Citation
Oware K.M.; Moulya H.; Mallikarjunappa T., “Corporate social responsibility assurance, board characteristics and social performance disclosure. Evidence of listed firms in India,” CHRIST (Deemed To Be University) Institutional Repository, accessed February 25, 2025, https://archives.christuniversity.in/items/show/13212.