The relationship between corporate social responsibility disclosure and corporate governance characteristics - Evidence from Vn-100
Abstract
This research estimates the corporate citizenship practice of firms in VN100. It also
checks the link between the corporate ethics performance and the governance structure
(board of director size, board of director meeting, audit type, CEO duality, outside
directors and women directors) with three control variables (firm size, listing duration,
and profitability). This research makes use of information from the annual report of
selected companies and a checklist to estimate the degree of the corporate citizenship
reporting index. The data was first checked with outlier detection, multicollinearity, serial
correlation, heteroskedasticity, and then was scrutinized through descriptive statistics and
regression analysis by STATA (version 13). Firms in VN100 are revealed to have a low
extent of disclosure citizenship practices of corporations from 2014 to 2016, standing at
0.47. The study also reveals that board of director size and audit type document a positive
significant nexus with corporate ethics reporting while the meeting by board of director
and the outside directors demonstrate a significant and negative connection with the
sustainability practice. However, the CEO duality and the women directors show no link
with corporate citizenship reporting. Regarding control variables, both firm size and
listing duration document significant positive linkage with the corporate citizenship
performance, but to the profitability which presents an insignificant bond with the
corporate citizenship practice. Findings from this research make two major contributions.
First, they help policy regulators have a deep insight into various distinct components of
ccitizenship when regulation makers consider a new legislation or advance their
sustainability disciplines and practices. Second, managers and directors are likely to
consider these findings on promoting the corporate citizenship performance and
advancing their accounting disclosure systems as well.