RT info:eu-repo/semantics/article
T1 The influence of ownership structure on the transparency of CSR reporting: empirical evidence from Spain
T2 La influencia de la estructura de propiedad en la transparencia de la información de RSC: evidencia del caso Español
A1 García Torea, Nicolás
A1 Fernández Feijoo, Belén
A1 Cuesta, Marta de la
K1 Transparency
K1 CSR reporting
K1 Sustainability report
K1 Ownership
K1 Spain
K1 Board of directors
K1 Transparencia
K1 Información de RSC
K1 Memoria de sostenibilidad
K1 Propiedad
K1 España
K1 Consejo de administración
K1 Economía
K1 Economics
AB This paper analyses the influence of ownership structure on the transparency of corporate social responsibility (CSR) information for a sample of 128 Spanish listed companies between 2009 and 2011. We distinguish two types of significant shareholders, depending on whether or not they are members of the board of directors. The results of the ordinary least squares regression show adifferent relationship between each type of shareholder and the transparency of CSR information. Significant shareholders who are not directors have a positive effect on transparency. Conversely, firms with boards holding more than 25% of ownership are lesstransparent than firms with boards holding below that threshold. Our results contribute to the academic debate on the relationship between ownership and CSR disclosure. They indicate the existence of information asymmetries between these two types of shareholders. Additionally, we contribute to literature on board of directors. We found that the presence of women on boards improves transparency, while the independence of the board and CEO duality do not affect it.
PB Taylor & Francis Group
SN 0210-2412
YR 2016
FD 2016-12
LK http://hdl.handle.net/10259/8888
UL http://hdl.handle.net/10259/8888
LA eng
NO This work was supported by the ECOBAS – Xunta de Galicia [AGRUP2015/08].
DS Repositorio Institucional de la Universidad de Burgos
RD 23-nov-2024