The role of sustainable corporate governance in mandatory sustainability reporting quality

被引：1
作者：
Gerwing T. [1 ]
Kajüter P. [1 ]
Wirth M. [1 ]
机构：
[1] Chair of International Accounting, University of Münster, Universitätsstraße 14-16, Münster
来源：
Journal of Business Economics | 2022年 / 92卷 / 3期
关键词：
Corporate governance; Disclosure quality; Regulation; Sustainability reporting;
D O I：
10.1007/s11573-022-01092-x
中图分类号：
学科分类号：
摘要：
This study analyzes the association between various sustainable corporate governance (SCG) mechanisms and mandatory sustainability reporting quality (MSRQ). To this end, we construct a novel MSRQ measure based on manually collected data from 220 German firms in their first year of mandatory sustainability reporting according to the European CSR Directive (2014/95/EU). Descriptive findings show a heterogeneous reporting quality for our sample. The regression analyses suggest an important role of SCG in ensuring high MSRQ. MSRQ increases with the number of SCG mechanisms employed. Regarding the individual mechanisms, we find that MSRQ is positively associated with a sustainable remuneration of the executive board, gender diversity at the supervisory board level, the existence of a CSR committee, engagement in CSR initiatives, and external assurance. However, we do not find any association between gender diversity at the executive board level and MSRQ, contradicting research on voluntary sustainability reporting. Finally, we derive several implications for preparers, auditors, stakeholders, and regulators. © 2022, The Author(s).
引用
收藏
页码：517 / 555
页数：38
相关论文
共 124 条
  • [1] Adams C.A., The ethical, social and environmental reporting-performance portrayal gap, Account Audit Account J, 17, pp. 731-757, (2004)
  • [2] Adams R.B., Ferreira D., Women in the boardroom and their impact on governance and performance, J Financ Econ, 94, pp. 291-309, (2009)
  • [3] Adel C., Hussain M.M., Mohamed E.K., Basuony M.A., Is corporate governance relevant to the quality of corporate social responsibility disclosure in large European companies?, Int J Account Inform Manag, 27, pp. 301-332, (2019)
  • [4] Adnan S.M., Hay D., Van Staden C.J., The influence of culture and corporate governance on corporate social responsibility disclosure: a cross country analysis, J Clean Prod, 198, pp. 1-20, (2018)
  • [5] Adnan S.M., van Staden C., Hay D., Do culture and governance structure influence CSR reporting quality: Evidence from China, India, Malaysia and the United Kingdom, Proceedings of the 6Th Asia Pacific Interdisciplinary Research in Accounting Conference, (2010)
  • [6] Ahmed A.S., Duellman S., Accounting conservatism and board of director characteristics: an empirical analysis, J Account Econ, 43, pp. 411-437, (2007)
  • [7] Al-Shaer H., Zaman M., Board gender diversity and sustainability reporting quality, J Contemp Account Econ, 12, pp. 210-222, (2016)
  • [8] Amel-Zadeh A., Serafeim G., Why and how investors use ESG information: evidence from a global survey, Financial Anal J, 74, pp. 87-103, (2018)
  • [9] Amran A., Lee S.P., Devi S.S., The influence of governance structure and strategic corporate social responsibility toward sustainability reporting quality, Bus Strat Environ, 23, pp. 217-235, (2014)
  • [10] Ballou B., Casey R.J., Grenier J.H., Heitger D.L., Exploring the strategic integration of sustainability initiatives: opportunities for accounting research, Account Horiz, 26, pp. 265-288, (2012)
12345678910