RT info:eu-repo/semantics/article
T1 Board of director's effectiveness and the stakeholder perspective of corporate governance: Do effective boards promote the interests of shareholders and stakeholders?
A1 García Torea, Nicolás
A1 Fernández Feijoo, Belén
A1 Cuesta, Marta de la
K1 Corporate Governance
K1 Board of directors
K1 Effectiveness
K1 CSR
K1 Sustainability reports
K1 Transparency
K1 Economía
K1 Economics
K1 Gestión de empresas
K1 Industrial management
AB This paper analyzes whether effective boards of directors in addressing shareholderinterests also prove to be effective in guaranteeing the interests of the rest of the firm’sstakeholders. We measure board effectiveness based on the shareholder perspective, and testwhether it is valid for the stakeholder perspective. The novelty of this paper precisely lies in itsapproach, given that it considers both perspectives of corporate governance at a time. Usingthe 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 toaddress 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 responsibilityreporting, and it has implications for policy makers.
PB Elsevier
SN 2340-9436
YR 2016
FD 2016-07
LK http://hdl.handle.net/10259/8885
UL http://hdl.handle.net/10259/8885
LA eng
NO We would like to acknowledge the financial support of ECOBAS – Xunta de Galicia (AGRUP2015/08) for this research.
DS Repositorio Institucional de la Universidad de Burgos
RD 17-may-2024