The role of representatives of dominant shareholders with the sustainable development through corporate social responsibility matters
comunitat-uji-handle:10234/9
comunitat-uji-handle2:10234/8648
comunitat-uji-handle3:10234/8649
comunitat-uji-handle4:
INVESTIGACIONMetadatos
Título
The role of representatives of dominant shareholders with the sustainable development through corporate social responsibility mattersFecha de publicación
2018Editor
WileyISSN
0968-0802; 1099-1719Cita bibliográfica
Pucheta‐Martínez, María Consuelo, and Carlos Chiva‐Ortells. "The role of directors representing institutional ownership in sustainable development through corporate social responsibility reporting." Sustainable Development (2018)Tipo de documento
info:eu-repo/semantics/articleVersión de la editorial
https://onlinelibrary.wiley.com/doi/full/10.1002/sd.1853Versión
info:eu-repo/semantics/submittedVersionPalabras clave / Materias
Resumen
In this paper, we analyse the effect that directors representing controlling shareholders have
on corporate social responsibility (CSR) matters since these investors are the core
shareholders in civil law countries, ... [+]
In this paper, we analyse the effect that directors representing controlling shareholders have
on corporate social responsibility (CSR) matters since these investors are the core
shareholders in civil law countries, given their high presence on boards. Thus, we analyse the
effect of institutional directors on CSR disclosure, but also the impact of the classification of
these directors between pressure-sensitive and pressure-resistant institutional directors,
depending on if they maintain only an investment relationship with the firm or both an
investment and commercial link, respectively. We hypothesise a quadratic relationship
between institutional directors and CSR disclosure. We show a curvilinear relationship
between institutional directors/pressure-resistant directors and CSR reporting, suggesting that
these directors may play two opposite roles (monitoring or entrenchment with managers).
However, pressure-sensitive directors do not affect CSR disclosure. These findings indicate
that there is an association between board members and strategic decisions. Moreover, our
evidence shows that institutional directors do not act in an identical way. Finally, the
enhancement of corporate governance depends on the proportion of institutional and pressureresistant
directors on boards. [-]
Publicado en
Sustainable Development, 2018Proyecto de investigación
Spanish Ministry of Economy, Industry and Competitiveness. Grant Number: Project ECO 2017‐82259‐RDerechos de acceso
"This is the pre-peer reviewed version of the following article: Pucheta‐Martínez, María Consuelo, and Carlos Chiva‐Ortells. "The role of directors representing institutional ownership in sustainable development through corporate social responsibility reporting." Sustainable Development (2018), which has been published in final form at https://doi.org/10.1002/sd.1853. This article may be used for non-commercial purposes in accordance with Wiley Terms and Conditions for Use of Self-Archived Versions."
http://rightsstatements.org/vocab/InC/1.0/
info:eu-repo/semantics/openAccess
http://rightsstatements.org/vocab/InC/1.0/
info:eu-repo/semantics/openAccess
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