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Independent directors' background and CSR disclosure
Author(s) -
FernándezGago Roberto,
CabezaGarcía Laura,
Nieto Mariano
Publication year - 2018
Publication title -
corporate social responsibility and environmental management
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.519
H-Index - 73
eISSN - 1535-3966
pISSN - 1535-3958
DOI - 10.1002/csr.1515
Subject(s) - corporate social responsibility , accounting , business , sample (material) , probit model , independence (probability theory) , affect (linguistics) , ordered probit , probit , public relations , econometrics , economics , political science , psychology , statistics , chemistry , mathematics , communication , chromatography
This paper extends research on how the background of independent directors may affect the way in which their companies disclose information about corporate social responsibility (CSR). Using a sample of 83 Spanish‐listed firms over the period 2009–2014, the findings of a random effects probit model suggest that, in addition to board independence, having independent directors with political backgrounds and diverse education has a positive impact on their firm's probability of issuing a CSR report following the standards of the Global Reporting Initiative.