2026-04-29T10:05:12Zhttps://riubu.ubu.es/oai/requestoai:riubu.ubu.es:10259/88852024-05-13T07:31:01Zcom_10259_8886com_10259_5086com_10259_2604com_10259_5238col_10259_8887col_10259_6212
Repositorio Institucional de la Universidad de Burgos
author
García Torea, Nicolás
author
Fernández Feijoo, Belén
author
Cuesta, Marta de la
2024-04-09T09:28:31Z
2024-04-09T09:28:31Z
2016-07
2340-9436
http://hdl.handle.net/10259/8885
10.1016/j.brq.2016.06.001
This paper analyzes whether effective boards of directors in addressing shareholder
interests also prove to be effective in guaranteeing the interests of the rest of the firm’s
stakeholders. We measure board effectiveness based on the shareholder perspective, and test
whether it is valid for the stakeholder perspective. The novelty of this paper precisely lies in its
approach, given that it considers both perspectives of corporate governance at a time. Using
the transparency of sustainability reports as a proxy for the stakeholder perspective in an international sample of 2366 companies, the paper shows that effective boards are more likely to
address the interests of both the shareholders and the rest of the firm’s stakeholders. Furthermore, we propose a measure of board effectiveness by gathering several board characteristics.
Our results contribute to research on corporate governance and corporate social responsibility
reporting, and it has implications for policy makers.
eng
Attribution-NonCommercial-NoDerivatives 4.0 Internacional
Corporate Governance
Board of directors
Effectiveness
CSR
Sustainability reports
Transparency
Board of director's effectiveness and the stakeholder perspective of corporate governance: Do effective boards promote the interests of shareholders and stakeholders?
info:eu-repo/semantics/article
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URL
https://riubu.ubu.es/bitstream/10259/8885/1/Garcia-brq_2016.pdf
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Garcia-brq_2016.pdf