Corporate governance and corporate social responsibility: A study of emerging market listed firms-Reference-Cited by-同舟云学术

Corporate governance and corporate social responsibility: A study of emerging market listed firms

Published:2021 Issue:2 Volume:18 Page:90-105
ISSN:1810-3057
Container-title:Corporate Ownership and Control
language:en
Short-container-title:COC

Author:

Lahjie Annisa A.¹^ORCID,Natoli Riccardo²^ORCID,Zuhair Segu³

Affiliation:

1. Mulawarman University, Indonesia

2. Victoria University, Australia

3. Melbourne Polytechnic, Australia

Abstract

The main purpose of this paper is to examine the impact of corporate governance (CG) on corporate social responsibility (CSR) of Indonesian listed firms. Estimations via simultaneous equation models with ordinary least squares (OLS) and two-stage least squares (2SLS) were employed for 84 firms with a total of 924 observations over the period of 2007-2017. The results showed that a lack of CG in monitoring and supervisory mechanisms, as well as a high concentration of managerial ownership, can significantly contribute to low levels of CSR. There are data limitations as a number of firms were omitted due to the application of the CSR criteria utilised in this study. The research has implications for Indonesian listed firms with respect to aligning CSR initiatives to firm objectives. The paper provides recommendations for future research in this area. The paper provides one of the few studies to analyse CG on CSR via a comprehensive measurement of CSR. Further, it adds to the empirical academic literature from a developing country context

Publisher

Virtus Interpress

Subject

General Business, Management and Accounting

Link

https://virtusinterpress.org/IMG/pdf/cocv18i2art7.pdf

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